Tag Archives: banks

Aftab Maken ISLAMABAD: The Competition Appellate Tribunal (CAT) has dismissed a set of long-pending appeals filed by several leading banks and the Pakistan Banks Association (PBA), thereby upholding penalties of approximately Rs 205 million imposed by the Competition Commission of Pakistan (CCP) in the Enhanced Savings Account (ESA) cartel case. …

Aftab Maken The Federal Board of Revenue (FBR) has decided to tighten its grip on individuals conducting financial transactions that exceed the income declared in their tax returns. FBR Chairman Rashid Langrial emphasized that taxpayers who underreport their income will be identified and brought into the tax net using an …