Over 11,000 SIMs blocked as FBR tightens noose around non-filers

Representation image of mobile phone SIM cards. — AFP/File In line with the government’s decision, the Federal Board of Revenue (FBR) on Thursday said that more than 11,000 mobile phone SIMs of non-filers have been blocked so far across the country. In a statement, the spokesperson of the tax collection body said: “11,252 SIMs have […]

‘Over 9,000 SIMs blocked’ as FBR tightens noose around non-filers

SIMs can be seen in this representational image. —Pixabay/ File ISLAMABAD: As per planned action against non-filers by the federal government to curb tax evasion, over 9,000 SIMs of non-filers were blocked following the directives of the Federal Board of Revenue (FBR). A spokesperson of the tax collecting body said the FBR informed the telecommunication […]

Govt tightens noose on non-filers | The Express Tribune

ISLAMABAD: In a major development, the Federal Board of Revenue (FBR) on Tuesday issued legally-binding instructions to the relevant departments to block mobile phone connections of over half-a-million non-filers, as its campaign to voluntarily register retailers also falls apart with only 75 retailers availing the scheme. The tax machinery also faced another setback on Tuesday […]

SBP tightens grip on exchange companies | The Express Tribune

KARACHI: In the midst of an intensified crackdown against foreign currency smuggling and illicit hawala-hundi operations, the State Bank of Pakistan (SBP) has unveiled a series of stringent measures aimed at reforming the currency exchange sector. Currency exchange companies categorised as ‘B’ have been given a three-month ultimatum to either transform into full-fledged exchange firms […]

Sri Lanka tightens trade rules to boost forex reserves | The Express Tribune

COLOMBO: Sri Lanka’s Central Bank tightened trade restrictions on Saturday, ordering exporters to repatriate foreign exchange earnings within 180 days of transactions in a bid to improve country’s depleting foreign exchange reserves. Sri Lanka is tackling its worst financial crisis in over a decade, struggling to pay for critical imports including fuel, food and medicines […]

Oil prices inch closer to $120 as supply tightens | The Express Tribune

LONDON: Benchmark Brent crude oil prices climbed close to $120 a barrel on Thursday, with Russian oil exports disrupted as traders try to avoid becoming entangled in sanctions. Support also came from US crude stockpiles at multi-year lows, helping to lift Brent crude futures as high as $119.84 a barrel for the highest level since […]

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