Karachi, November 27, 2024 – The Federal Board of Revenue (FBR) has reported a significant increase in tax collection from new car registrations, reflecting a 111% surge in the first four months of the fiscal year 2024-25 (July–October).
(more…)Author: Shahnawaz Akhter
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Tax Collection from Cash Withdrawals Drops 21% in October 2024
Islamabad, November 27, 2024 – Tax revenue from cash withdrawals in Pakistan witnessed a sharp decline, plunging 21% year-on-year (YoY) in October 2024.
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KAPCO Secures Lowest Bid for KE Solar Project
Karachi, November 27, 2024 – Kot Addu Power Company Limited (KAPCO) has achieved a significant milestone by submitting the lowest bid for K-Electric’s (KE) proposed solar power project, furthering Pakistan’s shift towards renewable energy solutions.
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Advance Tax Imposed on Foreign Domestic Workers in Pakistan
KARACHI, November 26, 2024 – Pakistan has introduced an advance income tax requirement on individuals and agencies hiring foreign nationals for domestic work.
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Foreign Investors Withdraw $807 Million from Pakistan in 4MFY25
Karachi, November 26, 2024 – Foreign investors operating in Pakistan repatriated over $807 million under the head of profit and dividends during the first four months (July–October) of the fiscal year 2024-25, according to official data released on Tuesday.
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PSX Records Largest Single-Day Decline Amid Political Crisis
Karachi, November 26, 2024 – The Pakistan Stock Exchange (PSX) witnessed its largest single-day drop on Tuesday, with the benchmark KSE-100 index plummeting by 3,506 points, or 3.57%, due to the escalating political crisis in the country.
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Political Unrest Sinks Pakistan Stocks by 2.5%
Karachi, November 26, 2024 – The Pakistan stocks plunged sharply by 2,450 points, or 2.50%, in the latest trading session on Tuesday, as political turmoil rattled investor confidence.
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KSE-100 Tumbles 1.74% Midday on Heightened Political Tensions
Karachi, November 26, 2024 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) dropped sharply by 1,706 points, or 1.74%, during midday trading on Tuesday, reflecting heightened political unrest in the country.
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SBP Revises Guidelines on Minimum Profit Rate for Deposits
Karachi, November 26, 2024 – The State Bank of Pakistan (SBP) announced updated instructions on Tuesday regarding the minimum profit rate requirement for deposits.
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FBR Struggles as Political Protests Undermine Revenue Goals
Islamabad, November 26, 2024 – Political instability is posing significant challenges for the Federal Board of Revenue (FBR) in achieving its tax collection target for November 2024, according to sources within the department.
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