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.
(more…)Author: Mrs. Anjum Shahnawaz
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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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Alert Issued for Heavy Rains and Urban Flooding: Pakistan Weather Report – July 20, 2023
The Pakistan Meteorological Department (PMD) has issued an alert for urban flooding due to heavy rains in various cities across the country.
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Pakistan Rules Out Additional Tax on Agriculture Income
Islamabad, July 19, 2023: Coordinator to Prime Minister on Economy and Energy, Bilal Azhar Kayani, categorically stated on Wednesday that the government has no intentions of imposing additional taxes on the income of the agriculture sector.
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Pakistan Introduces Conditional Import Tax on Motor Vehicles for Foreign Diplomats
Islamabad, July 18, 2023 – Pakistan has imposed conditional duties and taxes on the import of motor vehicles by foreign diplomats. The Federal Board of Revenue (FBR) issued SRO 923(I)/2023 on Tuesday, notifying changes to the regime governing the import of motor vehicles by diplomats.
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OCAC Accuses Regulatory Body of Manipulating Diesel Price Reduction
ISLAMABAD: The Oil Companies Advisory Council (OCAC) has leveled accusations against the Pakistan regulatory body, claiming that the recent forced reduction and manipulation of high-speed diesel (HSD) prices has resulted in an inventory loss of Rs11 billion for the industry.
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SECP Implements Changes to Regulations for Election of Independent and Female Directors
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has recently made amendments to the Listed Companies (Code of Corporate Governance) Regulations, 2019, and the Companies (Postal Ballot) Regulations, 2018.
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Fresh Petroleum Prices in Pakistan Updated Up to July 18, 2023
Islamabad, July 18, 2023: The government of Pakistan has recently announced revised petroleum prices that will be effective from July 18, 2023, until July 31, 2023. These updated prices come as welcome news for consumers as they reflect a reduction in the cost of petrol and high-speed diesel (HSD).
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