KARACHI: The Federal Board of Revenue (FBR) has issued notices to Pakistanis having foreign assets to pay capital value tax (CVT) for the tax year 2022. Sources in the FBR said on Thursday that the notices had been sent to all resident Pakistanis having foreign assets as per declared through their returns of income for … Read more
KARACHI: The Federal Board of Revenue (FBR) has frozen the bank accounts of a top banker for tax recovery of over Rs1 billion on the charges of concealing foreign assets, official sources said on Thursday. The Directorate of Automatic Exchange of Information (AEOI) Karachi has attached the bank accounts of Farooq Bengali, a former CEO … Read more
CAIRO: Net foreign assets held by the Saudi Central Bank went down by a monthly rate of 3.3 per cent to reach SR1.63 trillion ($433 billion) in October, Arab News quoted newly released data by SAMA. The central bank’s net foreign assets declined by 2 per cent compared to last year’s October. Commercial banks’ net foreign assets … Read more
