Karachi, December 31, 2024 – The Federal Board of Revenue (FBR) is poised to collect an estimated Rs 70 billion from the banking sector after the promulgation of the Income Tax (Amendment) Ordinance, 2024, a significant development aimed at bolstering revenue collection.
(more…)Author: Mrs. Anjum Shahnawaz
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Karachi to Face More Cold as School Winter Vacations End
Islamabad, December 31, 2024 – Karachi, Pakistan’s largest metropolis and port city, is bracing for colder weather this week as the winter school vacations come to an end. Many schools across Karachi are set to reopen on January 1, 2025, coinciding with a dip in temperatures expected in the coming days.
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IHC Rules in Favor of PTA, Fines FBR Deputy Commissioner
Islamabad, December 30, 2024 – The Islamabad High Court (IHC) on Monday ruled in favor of the Pakistan Telecommunication Authority (PTA), granting its petition against the Federal Board of Revenue (FBR) for the improper deduction of an additional amount under the pretext of advance tax.
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Snowfall Expected in Balochistan and KPK on December 31, 2024
Islamabad, December 30, 2024 – The Pakistan Meteorological Department (PMD) has forecast snowfall in various parts of Balochistan and Khyber Pakhtunkhwa (KPK) for Tuesday, December 31, 2024. Light rain and snow are expected in northern Balochistan, upper KPK, and parts of Gilgit Baltistan, providing much-anticipated winter conditions for these regions.
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FBR Successfully Completes Phase-1 of FCAS Implementation
Karachi, December 30, 2024 – The Federal Board of Revenue (FBR) has achieved a significant milestone by successfully implementing the first phase of the Faceless Customs Assessment System (FCAS), a move that promises to revolutionize Pakistan’s customs clearance process.
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Karachi Sees Drop in Winter Temperatures in Coming Days
Islamabad, December 30, 2024 – The Pakistan Meteorological Department (PMD) has predicted a significant dip in winter temperatures for Karachi over the next three days.
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Expected Petroleum Prices in Pakistan from January 1, 2025
Islamabad, December 30, 2024 – Pakistan is expected to revise the prices of petroleum products for the upcoming fortnight starting from January 1, 2025. The government’s decision on fuel price adjustments is anticipated on December 31, 2024, with significant implications for consumers and industries alike.
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Karachi and Islamabad Shiver Amid Year-End Cold Wave
Islamabad, December 29, 2024 – Karachi and Islamabad, two of Pakistan’s largest cities, are enduring an intense cold wave as the year draws to a close. According to the Pakistan Meteorological Department (PMD), the chilly conditions are expected to persist in both urban centers in the coming days.
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Finance Minister Aurangzeb Hints at Shutting Down PASSCO
Islamabad, December 29, 2024 – Finance Minister Muhammad Aurangzeb has hinted at the possibility of shutting down the Pakistan Agricultural Storage and Services Corporation (PASSCO), as state media reported on Sunday. This announcement signals a major shift in government policy, as Aurangzeb emphasized the need for an alternative mechanism to maintain strategic reserves, potentially involving the private sector.
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Petroleum Prices in Pakistan – Today, December 29, 2024
On Sunday, December 29, 2024, the petroleum prices in Pakistan stand as follows: high-speed diesel at Rs255.38 per litre, petrol at Rs252.10 per litre, kerosene oil at Rs161.66 per litre, and light-speed diesel at Rs148.95 per litre.
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