Regulatory Updates Of Pakistan

2021-09-25 14:06:59 COVID19 Tracker
Pakistan reports 2.060 new cases in last 24hrs out of 44,958 tests conducted. 10,928 people recovered fully while 42 lives were lost in a single day. Total active cases stood at 52,042. Open / Comment

2021-09-24 08:31:23 COVID19 Tracker
Pakistan reports 2,233 new cases in last 24hrs out of 52,788 tests conducted. 2,789 people recovered fully while 50 people lost lives in a single day. Total active cases stood at 60,952. Open / Comment

2021-09-24 07:49:09 FBR not to ask source of remittances sent through ECs

Federal Board of Revenue (FBR) on Thursday said that tax authorities will not ask source of foreign exchange not exceeding Rs5 million remitted through exchange companies (ECs) or money transfer operators.

The FBR issued explanation to the Tax Laws (Third Amendment) Ordinance, 2021. The revenue body said Section 111(4) of Income Tax Ordinance, 2001 provides exclusion from unexplained income or assets to any amount of foreign exchange remitted from outside Pakistan through normal banking channels not exceeding Rs5 million en-cashed into rupees by a scheduled bank.

The amendment through insertion of an explanation has now also treated remittances through Money Service Bureaus (MCBs), Exchange Companies (ECs) and Money Transfer Operators (MT0s) or other similar entities as foreign exchange remitted from outside Pakistan through normal Banking channels.

After a formal clarification from SBP, Circular No. 05 of 2022 was issued by the Board.

Through this amendment the FBR’s clarification has now been made part of legislation to facilitate foreign remittance and align the law with innovations that have taken place in the banking industry.

Through the Circular No. 05 of 2022, the FBR has withdrawn all the appeals pertaining to income tax exemption on inward foreign remittances.

“In order to win the trust of the taxpayers and spare the public resources for more productive use elsewhere, all departmental appeals filed on the strict sensu interpretation of the law, be withdrawn immediately, and no further appeals be filed if one all fours of this clarification,” according to the circular.

Further, all circulars and instructions issued on the matter previously issued stand rescinded, the FBR added.

Source: PakRevenue
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2021-09-24 07:19:55 Employers flay new tax ordinance

President, Employers’ Federation of Pakistan, Ismail Suttar, has strongly condemned the promulgation of new tax ordinance without consultation of the relevant stakeholders.

The federal government introduced Tax Laws (Third Amendment) Ordinance, 2021, which was promulgated on September 15, 2021 through a presidential order.

In a statement, Ismail while criticizing the Federal Board of Revenue (FBR), termed the move irrational and unwelcoming because most transactions are carried out through post-dated checks, and without a grace period of at least 40 days the business community will not be able to adopt the digital mode.

“It is a total disaster and not the right way to bring the non-compliant sector under the tax net to meet the ambitious target of Rs5.5 trillion tax collection by pounding on the largely compliant corporate sector,” Ismail asserted.

On behalf of the member manufacturers and exporters, the EFP president has appealed for an immediate suspension of the new tax law ordinance until due approval by the industrialists.

Source: PakRevenue
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2021-09-24 07:16:44 پاکستان میں گھر کیلئے کم قیمت قرضہ حاصل کرنے کاطریقہ

کس طرح کم قیمت قرضہ حاصل کیا جاسکتا ہے، یہ قرضہ میرا پاکستان میرا گھر اسکیم کے تحت جاری کیا جارہا ہے۔

اس کے لیے کون سی دستاویز درکار ہوتی ہیں اور کن شرائط میں یہ قرضہ مل سکے گا، یہ تمام باتیں اس ویڈیو میں موجود ہیں۔

ذریعہ: سماء بزنس

ری ایڈ وائزرز
سرٹیفائیڈ رئیل اسٹیٹ پروفیشنلس Open / Comment

2021-09-24 07:10:54 Implement E-tendering for transparency

The Punjab Housing Department on Wednesday (September 22) decided to implement an online system for tendering of government projects all over the province, news sources reported.

The decision was taken in a meeting presided over by the Provincial Minister for Housing Malik Asad Khokhar and attended by the Additional Secretary Housing Umar Farooq, Deputy Secretary Mumtaz Ahmed and PITB officials. The government will engage PITB for a centralised system to eradicate bribery culture. According to the information shared, the proposed E-tendering system would be implemented in the Housing Department, Lahore Development Authority (LDA), Water and Sanitation Agency (WASA), and all other subordinate departments.

Following the system’s deployment, individuals will be able to bid for projects from the comfort of their own homes with a transparent system. A call centre will also be developed to help consumers with general questions. The tender applicants will be given a unique code, and the computer will designate the qualifying firm for the respective tender award. During a press conference, the housing minister stated that only firms on the department’s approved list will be able to participate in the tendering process.

Source: Zameen
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2021-09-24 07:09:02 پرائز بانڈز کیش کروانے کی تاریخ میں توسیع کا امکان

حکومت کی جانب سے بند کیے گئے 40 ہزار، 25 ہزار، 15 ہزار اور ساڑھے 7 ہزار کے پرائز بانڈز کی واپسی کی مہلت 30 ستمبر2021 کو ختم ہوجائے گی۔

بینکنگ کے شعبے سے منسلک افراد کا کہنا ہے ککہ بند ہونے والے پرائز بانڈز کو کیش کروانے کی آخری تاریخ میں توسیع کا امکان ہے اور پرائز بانڈز کیش کرنے والوں کو رواں سال کے آخر تک سہولت دی جاسکتی ہے۔

اس سے قبل بھی حکومت کی جانب سے پرائز بانڈز کی واپسی کی مہلت مہں توسیع دی جاچکی ہے اور 15 ہزار روپے کے پرائز بانڈزکی واپسی کی آخری تاریخ 30 جون، 25 ہزار روپے مالیت کے پرائز بانڈز کی واپسی کی آخری تاریخ 31 مئی مقرر کی گئی تھی اوران تینوں بانڈز کی واپسی کی تاریخ میں 30 ستمبر تک توسیع کی گئی تھی۔

بیرون ملک مقیم پاکستانی جن کے پاس پرائز بانڈز موجود ہیں ان کا کہنا ہے کہ حکومت پرائز بانڈز ان کیش یا پریمیم بانڈز سے تبدیل کروانے کیلیے انہیں مزید مہلت دے، کیونکہ کرونا وبا کے باعث اُن کا اتنی جلدی سفر کرنا ممکن نہیں ہے۔

Source: SaamaTv
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2021-09-24 07:07:53 اسٹیٹ بینک نے درآمدی گاڑیوں پرقرضوں کے اجراء پرپابندی لگادی

اسٹیٹ بینک آف پاکستان نے درآمدی گاڑیوں کیلئے قرضوں کے اجراء پر پابندی لگادی۔ مرکزی بینک نے گاڑیوں، پرسنل لون اور کریڈٹ کارڈ کے قرضوں کیلئے شرائط بھی سخت کردیں۔

اسٹیٹ بینک آف پاکستان نے افراط زر اور درآمدات کو کنٹرول کرنے کیلئے بڑا فیصلہ کرلیا۔ کے مطابق اسٹیٹ بینک نے درآمدی گاڑیوں کیلئے قرضوں کے اجراء پر پابندی لگادی ہے۔

نوٹیفکیشن میں مزید کہا گیا ہے کہ گاڑیوں، پرسنل لون اور کریڈٹ کارڈ کے قرضوں کیلئے شرائط بھی سخت کردی گئی ہیں، گاڑی کیلئے قرض لینے والا آئندہ سے ڈاؤن پیمنٹ 15 کے بجائے 30 فیصد دے گا، گاڑیوں کیلئے قرضوں کی زیادہ سے زیادہ مدت بھی 7 سے کم کرکے 5 سال کردی گئی ہے۔

اسٹیٹ بینک کے مطابق اگست میں بینکوں نے گاڑیوں کیلئے 360 ارب کے ریکارڈ قرضے جاری کئے تھے، نئے ضوابط کے تحت کسی ایک فرد کیلئے گاڑی کے قرضے کی مجموعی حد 30 لاکھ سے زیادہ نہیں ہوگی۔

مرکزی بینک کا اعلامیے میں کہنا ہے کہ پرسنل لون کی زیادہ سے زیادہ مدت 5 سے کم کرکے 3 سال کردی گئی ہے۔

اسٹیٹ بینک کے مطابق ڈیٹ برڈن ریشو کا زیادہ سے زیادہ تناسب 50 سے کم کرکے 40 فیصد کردیا گیا ہے۔

مرکزی بینک کا کہنا ہے کہ پست آمدنی سے متوسط آمدنی تک کے طبقے کی قوت خرید کو محفوظ بنانے کیلئے ایک ہزار سی سی انجن کیپسٹی تک ملک میں تیار ہونیوالی گاڑیوں پر نئے ضوابط لاگو نہیں ہوں گے جبکہ ان کا اطلاق ملکی ساختہ الیکٹرک گاڑیوں پر بھی نہیں ہوگا۔
اسٹیٹ بینک کے مطابق روشن ڈیجیٹل اکاؤنٹس کھولنے والے سمندر پار پاکستانیوں کی سہولت کیلئے روشن اپنی کار پراڈکٹ پر بینکوں یا ترقیاتی اداروں کے قرض سے متعلق ضوابط تبدیل نہیں کئے گئے۔

Source: SaamaTv
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2021-09-24 07:03:39 Forthcoming Events in Pakistan
Upto 30th September 2021

International Poultry Expo
23 - 25 Sep 2021 Add To Calendar
Lahore International Expo Centre, Lahore, Pakistan

World Conference on Systems Engineering Research
26 Sep 2021 Add To Calendar
Pearl Continental Hotel, Rawalpindi, Pakistan

International Conference on Civil, Architectural and Environmental Sciences
29 Sep 2021 Add To Calendar
Rawalpindi, Pakistan

International Conference on Advance Education
29 Sep 2021 Add To Calendar
Rawalpindi, Pakistan

International Conference on Recent Advances in Medical and Health Sciences
28 - 29 Sep 2021 Add To Calendar
Best Western Hotel, Islamabad, Pakistan

International Conference on Social Science, Arts, Business and Education
29 Sep 2021 Add To Calendar
Rawalpindi, Pakistan

International Conference on Recycling and Waste Management
29 Sep 2021 Add To Calendar
Rawalpindi, Pakistan

International Conference on Human Rights and Human Dignity
29 Sep 2021 Add To Calendar
Rawalpindi, Pakistan

International Congress on Economy, Finance, and Business
29 Sep 2021 Add To Calendar
Rawalpindi, Pakistan

International Conference on Clinical and Experimental Dermatology
29 Sep 2021 Add To Calendar
Rawalpindi, Pakistan

International Conference on Mechanical and Automobile Engineering
29 Sep 2021 Add To Calendar
Rawalpindi, Pakistan

International Conference on AdvancePhysics and Mathematics
29 Sep 2021 Add To Calendar
Rawalpindi, Pakistan

World Conference on Accountants
29 Sep 2021 Add To Calendar
Rawalpindi, Pakistan

International Conference on Physics
29 Sep 2021 Add To Calendar
Rawalpindi, Pakistan

International Conference on E-Assessment in Mathematical Sciences
29 Sep 2021 Add To Calendar
Rawalpindi, Pakistan

International Conference on Anthropology and Sustainability
29 Sep 2021 Add To Calendar
Rawalpindi, Pakistan

Optics Asia
28 - 30 Sep 2021 Add To Calendar
Karachi, Pakistan

Source: 10times
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2021-09-23 16:37:18 Latest Prices of BTK | Sept 23, 2021

Bahria Town Karachi (BTK) is a diverse market based on multiple precincts. This is how; the prices keep updating as per the latest standards of property in Karachi. It is also vital to understand these trends in order to gain the best results.

Rate List : https://bit.ly/3kA1vWa

Overall upward trend is being seen in BTK & Scheme 45, so hurry up, and don't miss this opportunity and don't hesitate to contact us, for any information related to BTK & Scheme 45.

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