New rules issued by FBR perturbed component importing industry
On July 9th the Revenue Division, FBR issued an Income Tax Notification S.R.O. 615 (I)/2020. It is a draft of proposed amendments in the Income Tax Rules 2002. The amendments…
2.24 million Non-Bank Microfinance borrowers provided relief
ISLAMABAD: As reported on June 30, 2020, the Non-bank Microfinance Companies (NBMFCs) have reschedule loans of worth Rs36billion of total 2,244,605 individuals and micro-enterprises. The SECP had relaxed the regulatory…
FBR notifies large scale transfers and postings in Customs
KARACHI: Federal Board of Revenue (FBR) has notified large-scale transfers and postings in Pakistan Customs Department with immediate effect. Member Customs Tariq Huda has actually reversed the transfers and postings…
MCC Appraisement East misses revenue target
KARACHI: MCC Appraisement East has missed its revenue collection target by 7.0 percent collecting Rs451.55 billion during the year ended June 30, 2020. The revenue collection by MCC Appraisement East…
MCC Port Qasim redistribute assignments among Deputy/Assistant Collectors
KARACHI: MCC Port Qasim has notified transfers and postings of Deputy/Assistant Collectors within the Collectorate with immediate effect. Accordingly, Deputy Collector Saima Zeb Butt is assigned Group-IV, Group-V, Refund and…