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NA panel expresses concerns over Benami Act s execution

NA panel expresses concerns over Benami Act’s execution FBR chairman says out of 500 cases identified, 55 references launched July 16, 2021 ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue on Thursday expressed its concerns over the process of execution of Benami Act by the Federal Board of Revenue (FBR) at ground level. The committee noted that Anti-Money Laundering Act s rules and regulations needed to be reviewed for its effective implementation. The 61st meeting of the National Assembly standing committee was held under the chairmanship of MNA Faizullah at the Parliament House. FBR Chairman Asim Ahmad briefed the committee about the action taken by the FBR on the implementation of Benami Act.

Goods exports rise 18pc to reach all-time high at $25 3bn: Ministry

Goods exports rise 18pc to reach all-time high at $25.3bn: Ministry June sets new record of $2.7bn exports Cumulative exports of goods & services in FY 2020-21 set to cross $31bn mark July 2, 2021 Export of goods grew by 18 percent to $25.3 billion during the fiscal year 2020-21, which is the highest ever in the history of Pakistan. According to the data shared by the Ministry of Commerce on Thursday, the exports in June 2021 were also the highest in any month in the past and remained at $2.7 billion. The exports of services for the year are projected to be $5.9 billion. The cumulative exports of goods and services during the fiscal year 2020-21 will, therefore, cross the $31 billion mark.

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