Lahore, July 23, 2023 — The Punjab Revenue Authority (PRA) is intensifying efforts to meet its ambitious tax collection target of Rs 240 billion for the fiscal year 2023-24 by expanding into unexplored sectors, especially the booming real estate industry.
(more…)Author: Mrs. Anjum Shahnawaz
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NDMA Urges Preemptive Actions as Heavy Rainfall Poses Flood Risks
Islamabad, July 23, 2023 – The National Disaster Management Authority (NDMA) has issued a warning and advised relevant departments to take immediate preemptive measures to cope with potential land sliding, urban flooding, and flash flooding incidents that may arise due to heavy rainfall and floods.
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Sales Tax Reduced to 5% for Islamabad Restaurants
Islamabad, July 23, 2023 – In a move to promote digital transactions and bolster tax compliance, the Federal Board of Revenue (FBR) has announced a significant reduction in the sales tax rate for restaurants in Islamabad.
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Pakistan Takes Major Stride in Tax Reform: Unveils Draft Changes for Harmonization and Simplification
Islamabad, July 22, 2023 – In a significant move towards tax reform, Pakistan has unveiled draft changes to inland tax laws aimed at harmonization and simplification.
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Updated Petroleum Prices in Pakistan Effective From July 22, 2023
Islamabad, July 22, 2023 – Pakistan has revealed the revised petroleum prices, effective from July 22, 2023, until July 31, 2023. This latest update comes as a significant measure to alleviate the burden of inflation on the public.
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Thundershower Expected in Multiple Regions – Islamabad Weather Report – July 22, 2023
Thundershowers are likely to occur in multiple regions of the country today, July 22, 2023. Monsoon currents from the Bay of Bengal and a westerly trough affecting the upper regions will contribute to the weather conditions.
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FBR Imposes Sales Tax on Bulk Goods Sold Under Brand Names and Trademarks
Islamabad, July 21, 2023 – The Federal Board of Revenue (FBR) has taken the decision to apply sales tax on goods supplied under brand names and trademarks.
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SECP Registers 27,746 New Companies in 2022-23
Islamabad, July 21, 2023 – In a positive sign for Pakistan’s economy, the Securities and Exchange Commission of Pakistan (SECP) has announced the registration of 27,746 new companies in the fiscal year 2022-23.
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World Bank and FBR Review Pakistan Revenue Program, Acknowledge Significant Achievements
Islamabad, July 20, 2023 – The Country Director of the World Bank, Najy Benhassine, and the Chairman of the Federal Board of Revenue (FBR), Asim Ahmad, held a meeting at the FBR Headquarters to evaluate the progress of the Pakistan Raises Revenue (PRR) Program during the last financial year.
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Pakistan Approves Rs 42.53 Billion for General Elections
Islamabad, July 20, 2023 – Pakistan’s Economic Coordination Committee (ECC) has given the green light to a grant of Rs 42.53 billion for conducting the upcoming general elections scheduled for this year.
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