Business

IMF to launch new form of aid – with no money

By The Frontier Post | July 27, 2017

WASHINGTON (AFP): The International Monetary Fund announced Wednesday it will launch a new tool to support governments in financial trouble — but one that involves no money — formalising a step it took last week for Greece. Instead of providing cheap loans to member countries, the new IMF tool will serve as a good housekeeping […]

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Have submitted tax record for 34 years in SC, says Ishaq Dar

By The Frontier Post | July 27, 2017

ISLAMABAD (Web Desk): Finance Minister Ishaq Dar said that 34-year-old tax returns have been submitted in the Supreme Court (SC) and he is ready to even write a book if the court says. He was addressing National Workshop on Pakistan’s National Action Plan for Open Government Partnership in Islamabad on Thursday. The Minister said good […]

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FBR sends notices to more than 2,000 people over ‘expensive gifts’

By The Frontier Post | July 26, 2017

ISLAMABAD (APP): The Federal Board of Revenue (FBR) has sent notices to over 2,000 people who declared receiving expensive gifts in their wealth statements in the last fiscal year. FBR officials believe the untaxed ‘gifts’ could have been used to launder money and evade taxes. Sources in the FBR said that three people received gifts […]

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