Karachi, October 15, 2024 – The Banking Mohtasib of Pakistan (BMP) provided monetary relief totaling Rs 1.06 billion to banking customers during the first nine months of the current calendar year, according to a statement released on Tuesday.
(more…)Author: Shahnawaz Akhter
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FBR Reveals Alarming Surge in Nil-Filers to 37% of Total Returns
Karachi, October 15, 2024 – The latest figures released by the Federal Board of Revenue (FBR) have brought to light a concerning rise in nil-filers, representing a significant portion of income tax returns filed for the tax year 2024.
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FBR Extends Tax Return Filing Deadline to October 31, 2024
Islamabad, October 15, 2024 – The Federal Board of Revenue (FBR) has announced a further extension for the filing of income tax returns for the tax year 2024, moving the deadline to October 31, 2024.
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KTBA Urges FBR to Allow Unconditional Return Filing Extensions
Karachi, October 14, 2024 – The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to accept applications for extensions in return filing deadlines without imposing restrictive conditions. In a formal communication addressed to Badshah Khan Wazir, Member of IR Operations at FBR, KTBA President Syed Zafar Ahmad raised several critical issues regarding the current return filing process and the challenges faced by taxpayers.
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FBR Arrests CFOs in Major Crackdown Against Sales Tax Fraud
Islamabad, October 14, 2024 – In an aggressive push against tax evasion, the Federal Board of Revenue (FBR) has arrested several Chief Financial Officers (CFOs) linked to large-scale sales tax fraud.
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PPL Commences Oil and Gas Production from Adhi South-9
Karachi, October 14, 2024 – Pakistan Petroleum Limited (PPL) has successfully commenced oil and gas production from its new development well, Adhi South-9, located within the Adhi Mining Lease. This marks a significant step in the company’s ongoing efforts to boost the country’s domestic oil and gas output.
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SBP Launches Challenge Fund to Boost SME Financing
Karachi, October 14, 2024 – The State Bank of Pakistan (SBP) has introduced a new challenge fund aimed at improving access to finance for small and medium-sized enterprises (SMEs).
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No More Extensions: FBR Confirms Final Deadline for Return Filing
The Federal Board of Revenue (FBR) has confirmed that October 14, 2024, will be the final deadline for filing income tax returns for the 2024 tax year. In its latest statement on Monday, the FBR clarified that there will be no further extensions granted beyond this date, urging taxpayers to complete their submissions promptly.
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FBR Explains How to Obtain Extension for Tax Return Filing
Karachi, October 13, 2024 – The Federal Board of Revenue (FBR) has announced a clear process for taxpayers who are unable to meet the income tax filing deadline, offering a pathway to secure an extension.
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FBR May Extend Return Filing Deadline Amid Islamabad Holidays
Karachi, October 13, 2024 – The Federal Board of Revenue (FBR) is likely to further extend the deadline for filing income tax returns for the tax year 2024 due to the public holidays declared in Islamabad.
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