FBR likely to send notices to 100,000 Non-Filers

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Comprehensive source of Business, Lifestyle and Technology news from Pakistan

FBR likely to send notices to 100,000 Non-Filers

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has told a news outlet that FBR is ready to send notices to those people who own a house of more than 500 square yards or a vehicle over 1,000cc and doesn't file taxes. Previously, the government

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Source: PCB/Twitter

Biomechanical lab at LUMS gets ICC accreditation

The International Cricket Council (ICC) has given accreditation to the biomechanical lab situated at Lahore University of Management Sciences (LUMS) as an evaluation centre for bowlers having suspected bowling actions. With this development, the LUM

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SSGC, SNGP to be dismantled under Gas Sector Reforms

The government has decided to revive the Gas Sector reforms supported by the World Bank. Recently, World Bank representatives met and discussed the reforms agenda with the Ministry of Energy, Gas Utility Companies (SSGC, SNGP) and OGRA. Under the Ga

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HUBCO, KAPCO TARIFF

KAPCO, HUBCO unlikely to get Tariff Extension

In a recent move, the government has decided not to renew power purchase agreements of independent power producers (IPPs) having a cumulative capacity of 5,000-megawatt power generation, which are expiring in a few years. The above-mentioned recomme

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Pakistan’s Mobile Imports fall by 11%

Pakistan imported mobile phones worth $755 million Imposition of Custom Duties and Taxes led to a decline in Imports Pakistan imported mobile phones of around $755 million during July-2018 to June-2019 period compared $847million during July-Ju

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Pakistan Banking Spread 2019

Pakistan Banking Spreads at 4 year high

Headline banking Sector spread recorded at 5.79%  Impact of Assets re-pricing taking effect on spreads  State Bank of Pakistan data shows that headline banking spread of Pakistani Banks has increased to 5.79% in June-2019 as compared to 5.20% i

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