Pakistan’s Foreign Exchange Rules Set for Major Changes
The federal cabinet’s legislative review committee has approved amendments to Pakistan’s foreign exchange laws, changes to Armed Forces retirement leave arrangements, and a legal package transferring plant protection functions to a new regulatory authority.
By Sanaullah Khan · Markets & Economy Editor (Karachi)
FBR Splits Sales Tax Department From Income Tax
The Federal Board of Revenue (FBR) has separated the administration of sales tax and Federal Excise Duty (FED) from income tax, posting 54 Inland Revenue officers to a newly created wing as part of its proposed restructuring.
By Sanaullah Khan · Markets & Economy Editor (Karachi)