Finance

ISLAMABAD (June 06, 2015) – The federal budget for the year 2015-16, with a total outlay of Rs4.089 trillion, was approved by the federal cabinet on Friday. In his budget speech in parliament, finance minister Ishaq Dar told the house that Rs700 billion have been allotted for the Public Sector Development Programme (PSDP), a 33 percent increase from last year. ...

ISLAMABAD (June 05, 2015) – The finance ministry of Government of Pakistan yesterday published the annual Economic Survey of Pakistan for the year 2014-15. Highlights of this publication are being presented here. Click on the links below to go directly to that section: Growth and Investment Agriculture Manufacturing and Mining Fiscal Development Money and Credit Capital Markets Inflation Trade and ...

ISLAMABAD (December 24, 2014) – The Federal Board of Revenue (FBR) has established a transfer pricing unit to facilitate and strengthen the ability of the tax officials to effectively deal with the transfer pricing related issues. As per the notification issued by FBR on Monday, 22nd December; a transfer pricing unit has been set up at FBR the purpose of ...

ISLAMABAD (September 27, 2014) – Federal Board of Revenue (FBR) has extended the date for filing of tax returns to October 31, 2014 for individuals, associations and special tax year companies whose tax year ends between July 01, 2013 to December 31, 2013. This was done after Pakistan Tax Bar Association (PTBA) requested an extension citing difficulties in preparation and ...

ISLAMABAD (June 23, 2014) – Several amendments were announced by Finance minister Ishaq Dar in the Finance Act 2014 which was passed on Saturday. The first amendment was related to tax on bonus shares through which every company which is not quoted on stock exchange and is issuing bonus shares to the shareholders of the company shall be required to deposit ...

ISLAMABAD (June 04, 2014) – The federal budget for the year 2014-15, with a total outlay of Rs3.945 trillion, was approved by the federal cabinet on Tuesday. In his budget speech in parliament, finance minister Ishaq Dar told the house that Rs525 billion have been allotted for the Public Sector Development Programme (PSDP), a 24 percent increase from last year. ...

ISLAMABAD (June 03, 2014) – The finance ministry of Government of Pakistan yesterday published the annual Economic Survey of Pakistan for the year 2013-14. Highlights of this publication are being presented here. Click on the links below to go directly to that section: Growth and Investment Agriculture Manufacturing and Mining Fiscal Development Money and Credit Capital Markets Inflation Trade and ...

ISLAMABAD (June 12, 2012) – Finance ministry of the Government of Pakistan yesterday published the Annual Economic Survey of Pakistan for the year 2012-13, salient features and highlights of which have been compiled and presented here. Click on the links below to go directly to that section: Growth and investment Manufacturing and mining Money and credit Inflation Public debt Health ...

KARACHI (March 08, 2012) – The Securities and Exchange Commission of Pakistan (SECP) has issued some clarifications regarding the transactions between the brokers of the same stock exchange and asked stock exchanges to review their respective regulations for proprietary trading to remove any anomalies/inconsistencies therein to bring them in line with the spirit of the subject directive. SECP in its ...

ISLAMABAD (March 08, 2012) – National Bank of Pakistan (NBP) and Standard Chartered Bank (SCB) have today announced financial results for the year ended December 31, 2011 according to which these banks have posted profits of Rs 17.60 billion and Rs 5.44 billion respectively. National Bank of Pakistan (NBP) had posted a profit Rs 17.56 billion last year. A statement ...