GCA Consultants -Weekly Updates (November 05) 2018

GCA CONSULTANTS:

Important Message:

Pakistan needs your support. Contribute today in Pakistan’s Dam Fund Account. Visit your
nearest bank today or transfer online in respective account created by your bank.

CA PAKISTAN:

 Pakistan Accountant (July to Sept, 2018)

http://www.icap.org.pk/wp-content/uploads/PA/2018/oct/pakjuly-sept2018.pdf
 Supersession of notification
http://www.fbr.gov.pk/DislpaySRO/6406
 Posting of officers
http://www.fbr.gov.pk/DislpaySRO/6405
 SBP directives to bank
http://www.sbp.org.pk/press/2018/Pr-CardsSecurity-28-Oct-18.pdf
 Amendment to stamp duty law
https://www.secp.gov.pk/wp-content/uploads/2018/10/Press-Release-October-25-National-
Financial-Inclusion-Strategy-Technical-Committee-proposes-amendments-to-stamp-duty-
laws.pdf
 Notice for MSA students
https://www.icap.org.pk/notice-to-the-students-of-multi-subject-assessment-msa-examination/
 Trainee induction fair
https://www.icap.org.pk/wp-content/uploads/news/2018/oct/trainee_brochure.pdf
https://www.icap.org.pk/wp-content/uploads/news/2018/oct/trainee_registration_form.pdf
https://www.icap.org.pk/trainees-inductionfair/
 Big data has to play a big role
http://www.fbr.gov.pk/contents/big-data-has-a-big-role-in-identifying-tax-evaders-says-fbr-
chairman/131248
 Collection of taxes on 31.10.18
http://download1.fbr.gov.pk/Docs/2018103111102721701Collectionoftaxeson31.10.18.pdf
 Amendment in ITO, 2001

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GCA Consultants -Weekly Updates (November 05) 2018

http://www.fbr.gov.pk/DislpaySRO/6407
 Annual performance review 2017-2018
http://www.sbp.org.pk/reports/annual/arFY18/Vol-1/anul-index-eng.htm
 International Accounting conference
https://wcoa2018.sydney/?fbclid=IwAR1XdVY1DF70YQkfDBayNZfk2ReN6_BcAMoS8GQ1LG4n-
Z7ynQAMgdPewOw
 Normal working hours on October 27th, 2018
http://download1.fbr.gov.pk/Docs/2018102518101953348Workingday27.10.18.pdf?fbclid=IwA
R2hVpgvf-gelcvdjyLxprb1I85wAbeu7lZuqLr2uRvjIreNaaoejcrgrfY
 Amendment in sec: 66 of CA, 2017
https://www.secp.gov.pk/document/sro-1300-i-2018-notification-under-section-66-of-the-
companies-act-2017-issue-of-securities-and-redeemable-capital-not-based-on-
interest/?wpdmdl=32629&fbclid=IwAR3vEZ-0fqYyo7dP1fg-UQAOZuggpXefTDKwQFRDsHunUXO-
-vzm1elIekw
 Tax credit for tax paid
http://download1.fbr.gov.pk/Docs/2018102416105145472Circular7of2018.pdf?fbclid=IwAR3va
giRAA9gQ434TQEW2buoOe-uv1mFBzFNkUKyDIuG-9jr83dz2M0ioHA
 FBR explanation
http://download1.fbr.gov.pk/Docs/201810241410545507Circular06of2018.pdf?fbclid=IwAR28S
YjwC7ZpywgofTMGRYi-DHsNDJ6PM97ulXwJlKx0pgiRGCvR88sv2OM
 NBFC regulations 2008 amendments
https://www.secp.gov.pk/document/circular-no-18-of-2018-amendments-in-circular-no-14-of-
2016-mandatory-requirement-of-distributors-selling-mutual-funds-units-of-single-asset-
management-
company/?wpdmdl=32608&fbclid=IwAR1xaeN4qziCa5_JJ4Duap1JfLoOLO2ZZnE6_Dwdz5Vat-LS-
64_QqQlI9s
 ICAP musical evening for members at LAHORE
https://www.icap.org.pk/musical-evening-and-networking-
dinner/?fbclid=IwAR3etPTTyW4O5wajZTMzwl7UALbG9PxfH2QgtIwydUyGvHNvcAbVrjWDMjg
 Statement of exposure to stock market
http://www.sbp.org.pk/fsd/2018/CL1.htm?fbclid=IwAR2-

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GCA Consultants -Weekly Updates (November 05) 2018

ikwd2IzaglTePTCawuVSm76Po7PoRemL-Rr84RHev68OV42OQ92v1Wg
 6484 companies registered with FBR
http://www.fbr.gov.pk/contents/6484-companies-registered-with-fbr-through-onewindow-
facility/131247?fbclid=IwAR0nRCDVUQD72Hd4miuAzmq864HVj9KFM95gONQuVgkV7B85SRcKl
WebLk4
 Credit card bill payment services
http://www.sbp.org.pk/psd/2018/CL2.htm?fbclid=IwAR3BWCqDMhuhIb9rZL11mqjiAyUhFzjkd1
VENyTqrUrMIeftJNkx_E4b-Y8
 Fake bank account

Sindh Health Ministry’s Naib Qasid (peon) who was found to be the owner of a company
worth millions came under the Federal Bureau of Revenue’s (FBR) watch for tax evasion.
After the emergence of several fake bank accounts across the country, this time it is a
government employee who has been found to be the owner of a bogus multimillion-rupee
firm. Now, it has emerged that a health ministry worker, who has been identified as
Muhammad Zahid Nawaz, is the owner of a fake company, which he claimed to be unaware
of Nawaz has now been sent an income tax bill of Rs160 million by authorities. The FBR has
now begun proceedings against the accused, as well as, freezing his current salaried bank
account.

 CAF – 5 study pack

Study Pack of CAF-5 Financial Accounting and Reporting–I 2018 is now available at ICAP
Lahore Centre.

ICMAP UPDATES:

 New Release:
 Job vacancies update
https://www.icmap.com.pk/jma_logins.aspx
 FRED 2018 update
https://www.icmap.com.pk/NewsDetail.aspx

 Upcoming Events:

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GCA Consultants -Weekly Updates (November 05) 2018

No update this week

 Student notice board:
 Exam notice
 Admit card
https://www.icmap.com.pk/ExamNoticeDetail.aspx?Notename=415

JOB UPDATES:

 For job updates, please click here jobs page.

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