Karachi (PR) Mr. Nasir Khan Acting-President of the Federation of Pakistan Chambers of Commerce and Industry has shown his serious concern over the no response and low priority to Business Community issues which is affecting FBR and Business Community partnership required for conducting smooth business and becoming fragile. He said… Continue reading

Governor SBP steers the third Stakeholders Meeting on Digital Financial Services

The State Bank of Pakistan (SBP) organized the third nationwide Stakeholders’ meeting on Digital Financial Services today chaired by Governor SBP, Dr. Reza Baqir. The goal of these meetings has been to accelerate the agenda on promoting digital financial services and payments in Pakistan. The meeting was attended by the… Continue reading

Customs e-commerce clearance facility to support exports in post-corona era

PRGMEA chief asks govt to also launch Digital Market Policy in consultation with stakeholders. The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) on Monday appreciated the efforts of Pakistan Customs to develop an e-commerce automated clearance facility in collaboration with the State Bank, saying the move will prove to… Continue reading

Marriage halls, eateries closure: FPCCI wants decision in consultation with stakeholders

Anjum Nisar says outdoor gathering permission not practicable in winter; unilateral decision not acceptable The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), raising voice against closure of marriage halls and restaurants, has warned the government of taking final decision after consultation with the stakeholders, who are creating millions… Continue reading

SECP applies new regime for securities brokers

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in a bid to minimize custody risks and safeguard investors, has approved amendments to the Securities Brokers (Licensing and Operations) Regulations, 2016. The SECP has finalized the amendments in light of comprehensive consultations with all stakeholders. The amended regulations introduced categorization… Continue reading

DG Customs Valuation upholds values determined vide Ruling No.890/2016

KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has rejected the petition of M/s Bicycle & Bicycle Spare Parts Importers Association seeking revision in the customs values of bicycle spare parts determined vide Valuation Ruling No.890/2016. The association submitted the impugned Valuation Ruling is unwarranted by facts and law of… Continue reading

DG Valuation issues revised assessable values of garments

KARACHI: Acting Director General Customs Valuation Abdul Rasheed Shaikh has revised the Valuation Ruling No.886/2016 and notified the revised values of garments. Garment Importers including M/s Javed Garments had approached Director General Valuation praying revision of values of garments determined vide Valuation Ruling No.886/2016. Importers were of the view that… Continue reading

Valuation Ruling for Soft, Hard Sawn Wood issued

KARACHI: The new valuation ruling (VR) 917/2016 for determining Custom values of Soft and Hard Sawn Wood was issued by the Directorate General of Customs Valuation, The new VR replaced VR 671 of 2014. Citing the reason for new VR, Dr. Wasif Memon, Director Custom Valuation maintained that previous VR… Continue reading

FBR to notify property value throughout the country, says Ishaq Dar

KARACHI: The Federal Board of Revenue (FBR) has been authorized to notify the valuations of the properties throughout the country including Karachi, Lahore and Islamabad, said Ishaq Dar, Federal Finance Minister in a press conference at FBR Islamabad office on Saturday. The minister announced the government has accepted the demand… Continue reading

Builders’ committee and FBR could not reach any consensus on valuation issue

KARACHI: The meeting of the 13-members committee of Builders and Developers with Haroon Akhtar Khan, advisor to the Prime Minister and member policy Federal Board of Revenue (FBR) was held at FBR office Islamabad on Thursday, but they could not reach any consensus on valuation issue of plots or land… Continue reading