Pakistan Revenue
Islamabad, September 28, 2023 – The Islamabad Chamber of Commerce and Industry (ICCI) has issued a call to authorities for the withdrawal of Section 7E from the Income Tax Ordinance, 2001, with the aim of revitalizing investment in the real estate and construction sector.
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In a recent development, an inquiry committee appointed by former Prime Minister Shahbaz Sharif to oversee the implementation of the Track and Trace System (TTS) has unveiled critical shortcomings in the system’s effectiveness, particularly in four major sectors: sugar, cement, fertilizer, and tobacco.
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Islamabad, September 28, 2023 – The Pakistan Meteorological Department (PMD) has issued a weather forecast predicting the onset of thunderstorms in most parts of the country starting Thursday, September 28, 2023.
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Islamabad, September 27, 2023 – The government of Pakistan has announced the latest prices of petroleum products, which will remain in effect until the end of the month.
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Islamabad, September 26, 2023 – Pakistan and Germany have taken significant steps toward strengthening their economic ties by initiating renegotiations on the Agreement for the Elimination of Double Taxation.
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Islamabad, September 26, 2023 – The Pakistan Meteorological Department (PMD) has issued a weather forecast for September 27, 2023, indicating mainly dry weather across the country.
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Islamabad, September 25, 2023 – The Securities and Exchange Commission of Pakistan (SECP) has issued a stern warning to the general public, cautioning them against investing in fraudulent investment schemes promoted by the ISMMART Group.
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The Pakistan Meteorological Department (PMD) has predicted the possibility of thundershower in southern Punjab on Tuesday, September 26, 2023. According to the PMD’s daily weather update, while most parts of the country will experience dry weather, rain, wind, and thundershower are expected in south Punjab and Gilgit-Baltistan during the evening and night.
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Karachi, September 25, 2023 – The Federal Board of Revenue (FBR) has introduced updates to the Standard Operating Procedure (SOP) governing the processing of cases involving the Tax Ombudsman.
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Karachi, September 25, 2023 – Pakistan likely to contemplate a reduction in petroleum prices for the first half of October 2023, given the appreciation of the Pakistani Rupee (PKR) and a decline in international oil prices.
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