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Author: Mrs. Anjum Shahnawaz

Tax Budget

Pakistan Takes Major Stride in Tax Reform: Unveils Draft Changes for Harmonization and Simplification

July 22, 2023July 22, 2023Mrs. Anjum Shahnawaz

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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Petrol-02

Updated Petroleum Prices in Pakistan Effective From July 22, 2023

July 22, 2023July 22, 2023Mrs. Anjum Shahnawaz

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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Thudershower

Thundershower Expected in Multiple Regions – Islamabad Weather Report – July 22, 2023

July 22, 2023January 28, 2024Mrs. Anjum Shahnawaz

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 logo

FBR Imposes Sales Tax on Bulk Goods Sold Under Brand Names and Trademarks

July 21, 2023July 21, 2023Mrs. Anjum Shahnawaz

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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SEC Pakistan

SECP Registers 27,746 New Companies in 2022-23

July 21, 2023July 21, 2023Mrs. Anjum Shahnawaz

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 Meeting

World Bank and FBR Review Pakistan Revenue Program, Acknowledge Significant Achievements

July 20, 2023July 20, 2023Mrs. Anjum Shahnawaz

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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Election Commission of Pakistan

Pakistan Approves Rs 42.53 Billion for General Elections

July 20, 2023July 20, 2023Mrs. Anjum Shahnawaz

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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Pakistan Floods

Alert Issued for Heavy Rains and Urban Flooding: Pakistan Weather Report – July 20, 2023

July 20, 2023July 20, 2023Mrs. Anjum Shahnawaz

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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wheat exemption

Pakistan Rules Out Additional Tax on Agriculture Income

July 19, 2023July 19, 2023Mrs. Anjum Shahnawaz

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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BMW i7

Pakistan Introduces Conditional Import Tax on Motor Vehicles for Foreign Diplomats

July 18, 2023July 18, 2023Mrs. Anjum Shahnawaz

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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