KARACHI: State Bank of Pakistan (SBP) may further raise benchmark interest rate by 2 per cent to 18 per cent from existing 16 per cent during next six months owing to high inflation, analysts said on Tuesday.
(more…)Author: Mrs. Anjum Shahnawaz
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FBR issues list of 60 retailers for mandatory tax integration
ISLAMABAD: Federal Board of Revenue (FBR) Tuesday issued a list of 60 big retailers for a mandatory integration under sales tax laws.
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Pakistani bank penalized for frivolous litigation
ISLAMABAD: A Pakistani commercial bank has been penalized by the country’s president for filing frivolous representation.
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State Life Insurance directed to pay interest for delayed payment
KARACHI: State Life Insurance Corporation of Pakistan (SLICP) has been directed to pay interest to a policy holder for delayed payment.
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Tax collection from new car registration surges 67pc to Rs19 billion: FBR
ISLAMABAD: Federal Board of Revenue (FBR) has said that income tax collection from new car registration surged by 67 per cent in fiscal year 2021-2022.
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Quetta Customs announces auction of huge lot of confiscated motor vehicles
ISLAMABAD: Customs Collectorate, Quetta has announced auction of a huge lot of confiscated motor vehicles to be held on January 09, 2023.
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FBR records 45pc growth in payment with income tax returns
ISLAMABAD: Federal Board of Revenue (FBR) has recorded a 45 per cent growth in payment with income tax returns during fiscal year 2021-2022.
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Thousands of fake transactions discovered in taxpayer profile; FTO orders probe
ISLAMABAD: A taxpayer has discovered thousands of fake transactions in his profile. The taxpayer moved to the Federal Tax Ombudsman (FTO) for relief after disappointment from the tax authorities.
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Pakistan assures secure, friendly environment for Chinese investors
ISLAMABAD: Pakistan on Thursday assured a completely secure and conducive business environment for Chinese investors.
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Pakistan’s revenue collection failure: Tax-to-GDP ratio remains single digit in 22 years
ISLAMABAD: Pakistan has failed to achieve a double digit tax-to-GDP ratio during past 22 years despite phenomenal growth in revenue collection over the years.
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