ISLAMABAD: The Federal Tax Ombudsman (FTO) has identified a systemic flaw in the Federal Board of Revenue’s (FBR) FASTER sales tax refund system and directed the tax authority to take immediate corrective measures. FTO Zafar Hijazi on Friday warned that the defect is adversely affecting exporters and undermining the automated refund mechanism. The ombudsman issued […]
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ISLAMABAD: The government on Friday reduced by almost 6 percentage points the mark-up chargeable on development loans and advances to the provincial, local bodies, state-owned entities and public sector financial institutions for the outgoing fiscal year ending on June 30. In a notification issued by the Ministry of Finance, the mark-up rate for 2025-26 was […]
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KARACHI: The Pakistan Stock Exchange (PSX) came under extreme selling pressure on Friday, pushing the benchmark KSE-100 index below 170,000 points during intraday trading. However, value-hunting helped the index trim some of its early losses, but it remained in the red for the third consecutive session. Topline Securities Ltd said the index traded largely in […]
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