Islamabad, May 12, 2019: The Extended Fund Facility arrangement aims to support the authorities’ strategy for stronger and more inclusive growth by reducing domestic and external imbalances, removing impediments to growth, increasing transparency, and strengthening social spending. An ambitious structural reform agenda will supplement economic policies to rekindle economic growth and improve living standards. Financing…
First decision taken by the Chairman will restore the confidence of tax filers on FBR, Saleem Parekh. President SAI is pleased with the balanced approach on handling recoveries taken by the freshly appointed Chairman FBR. The condition of the Chairman’s approval before seizing bank accounts would make the process transparent by limiting the discretionary powers…
Engr. Daroo Khan Achakzai hails Non Attachment of Bank Accounts without prior notice and Chairman FBR approval as well as hails Chairman FBR for putting deterrent against attachment of Bank Account Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chamber of Commerce & Industry (FPCCI) has hailed the directive of the newly appointed…
Karachi, May 11, 2019: PWMA Chairman, Yousuf Yaqoob has appreciated the appointment of Asad Umar as Chairman of NA’s Standing Committee on Finance and Shabbar Zaidi as FBR Chairman. He expressed the hope that after the appointment of both these seasoned persons on key positions, they will utilize their expertise in financial and taxation matters….
Karachi, May 11, 2019: VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings to Pakistan Mortgage Refinance Company Limited (PMRC) of ‘AAA/A-1+’ (Triple A/A-One Plus). Outlook on the assigned ratings is ‘Stable”. The long-term rating of ‘AAA’ indicates the highest credit quality; the risk factors are negligible, being only slightly more than for…