PSX Announces Launch of 90 Day DFC and New Futures Eligibility Criteria
In a major move forward, the Pakistan Stock Exchange (PSX) has introduced a new futures eligibility criteria communicating the launch of the 90-day maturity Deliverable Futures Contracts (DFC) with effect from DFC August 2021 which will start from 26 J…
SBP Governor Informs Finance Minister of Progress on Economic Uplift Policies
Governor State Bank of Pakistan (SBP), Dr. Reza Baqir, called on the Federal Minister for Finance and Revenue, Shaukat Tarin, at the Finance Division today.The Governor updated the Finance Minister on the progress of different policy initiatives that a…
Over 40 Fintechs are Operating in Pakistan: Report
The emerging ecosystem of digital financial services coupled with the supportive regulatory environment has provided opportunities for Fintech companies in Pakistan, which has gradually surged to over 40 with different ideas, products, and services.The…
FBR Faces Backlash From Steel and Ghee Industries Over New Tax Measures
All major steel industry associations Thursday jointly warned the Federal Board of Revenue (FBR) that the proposed measure of withdrawal of 17 percent Federal Excise Duty (FED) on industrial units located in tribal areas would be a total disaster for t…
FBR Increases Duty Drawback on the Export of Pharmaceutical Products
The Federal Board of Revenue (FBR) has increased duty drawback on the export of pharmaceutical products including medicines for human and animals (tablets or capsules); injections/injectables, intravenous solutions and liquids/powder/syrups/drops/granu…
FBR Issues New Procedure For Storage and Destruction of Seized Cigarettes
The Federal Board of Revenue (FBR) has issued a new procedure for the storage and destruction of seized/confiscated cigarettes, cigarette paper and cigarette filters and betel nuts.The FBR has issued a customs general order (CGO) 6 of 2021 here on Thur…