OZCORP. Tax & Financial Consultants

The State Bank of Pakistan (SBP) on Friday amended regulations to strengthen the foreign exchange regime to encourage customers to use banking channels.

The SBP said the banking channels will be used to buy foreign currency through exchange companies.

All foreign currency purchases or outward remittances of $2,000 or above will be now conducted through cheques.

The State Bank said a buyer has to give a cheque from his personal account.

Read more: https://www.dawn.com/news/1711642/cheques-for-outward-remittances

The Federal Board of Revenue (FBR) clarified on Saturday that it had not issued any Statutory Regulatory Order (SRO) for the import of duty and tax-free bulletproof cars.

“The news that has appeared in various sections of the media is not based on correct facts. The federal cabinet approved a decision in 2019 to allow such [a] facility but no notification to this effect has been issued so far,” it stated in a press release.

Dawn earlier cited an official source as saying that retired three- and four-star officers of the armed forces would be able to import duty-free bulletproof vehicles of up to 6,000cc under a policy green-lighted by the federal cabinet, but is subject to approval from the premier.

The facility would also be available to all three services chiefs and the chairman of the Joint Chiefs of Staff Committee soon after their retirement, the official said but added that a notification had yet to be released.

Some other media publications, however, reported that the FBR’s member of customs (Policy) signed an official notification but it was not yet posted on the website.

Read more: https://www.dawn.com/news/1711729/no-sro-issued-for-tax-free-import-of-bulletproof-vehicles-clarifies-fbr

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ACCA
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Cotton imports: sign of days to come?

August 2020 was supposed to be the low point in ’s external trade scorecard. Heavy rains across the country disrupted supply chain, with the destruction in particularly affecting the port activity.

As a result, monthly figures for both goods imports and exports have recorded double digit decline. Yet, textile group imports stand out, which recorded nearly 40 percent rise on a year-on-year basis. Why? Raw cotton imports.

As per PBS Advance Releases, Pakistan recorded its highest ever raw cotton import bill for the month of August (on a seasonal basis) this year. In fact, raw cotton import volume during the month was 12.5 times higher than same month last year, and 3.5 times higher than average August imports over the last decade!

Read More:
https://www.brecorder.com/news/40020402/cotton-imports-sign-of-days-to-come?fbclid=IwAR1q9gVHkmvCgV3jASquPOLq1-WfqijOQVBYL6tuZiAkG-GbKQYJ8_4mAwo

Cotton imports: sign of days to come? August 2020 was supposed to be the low point in Pakistan’s external trade scorecard. Heavy monsoon rains across ...

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May this honorable day brings a great deal of satisfaction and favor every one of us with his endowments. Have a pleasant and Blessed Friday.
- Jummah Mubarak -

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Here's an update of the Khyber Pakhtunkhwa Sales Tax on Services Withholding Regulation, 2020
follow the link below

http://kpra.gov.pk/pages-files/kp-sts-withholding-regulation-2020.pdf?fbclid=IwAR1xwsZ6bzzaM5gN24TaOJTMmg6GxjfLtC_WBLfY5XBoxLBimgMWuqOcHlE

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kpra.gov.pk

The Prime Minister's Kamyab Jawan scheme has been updated. Phase 2 of Prime Minister’s vision of creating 10 million jobs, PM’s Youth Entrepreneurship Program has been developed under the banner of Kamyab Jawan.

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Did you guys know that the Prime Minister's Kamyab Jawan scheme has been updated!? Phase 2 of Prime Minister’s vision of creating 10 million jobs, PM’s Youth Entrepreneurship Program has been developed under the banner of Kamyab Jawan.

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https://smeda.org/index.php…

Did you know that the Kamyab Jawan scheme has been updated!? Phase 2 of Prime Minister’s vision of creating 10 million jobs, PM’s Youth Entrepreneurship Program has been developed under the banner of Kamyab Jawan.

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Need 01 Female ACCA Finalist/Affiliate.
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To work in the department of Audit and Advisory.
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FBR Registration Tutorial for Builders/Developers (Prime Minister's package for construction sector)

https://www.youtube.com/watch?v=MIadpfGmLtQ

OZCORP. Tax & Financial Consultants

FBR Registration Tutorial for Builders/Developers How can Builders/Developers get registered with FBR online. Watch the step by step procedure in the Tutorial.

Download a free copy of the first volume of case-law updates published by the Supreme Court of Pakistan’s Research Centre for the quarterly period of April-June, 2020.

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As part of Prime Minister’s vision of creating 10 million jobs, PM’s Youth Entrepreneurship Program has been developed under the banner of Kamyab Jawan.

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