Karachi – Members of the newly formed Salaried Class Alliance staged a protest in Karachi on Tuesday, July 22, 2024, denouncing the increased tax burden imposed on salaried individuals in the recently unveiled budget.
(more…)Author: Shahnawaz Akhter
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FBR Unveils Fixed Tax Rates for Karachi Shopkeepers
Karachi, July 23, 2024 – The Federal Board of Revenue (FBR) has announced fixed tax rates for shopkeepers in various areas of Karachi under the Tajir Dost Scheme. The rates were formalized through SRO 1064(I)/2024 issued on July 22, 2024.
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SBP Outlines Monetary Policy Meeting Schedule Till Dec 2024
Karachi, July 23, 2024 – The State Bank of Pakistan (SBP) has unveiled the schedule for its Monetary Policy Committee (MPC) meetings until December 2024, setting the stage for key decisions that will shape the country’s economic landscape. The central bank is scheduled to convene four times during this period.
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FBR Mandates Submission of FY24 Asset Declarations for Officials
Islamabad, July 23, 2024 – The Federal Board of Revenue (FBR) on Tuesday issued a directive requiring all its officers and officials to submit their declarations of assets and liabilities for the fiscal year 2023-24.
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Bulls Return to PSX with 448-Point Gain in KSE-100 Index
Karachi, July 23, 2024 – The Pakistan Stock Exchange (PSX) saw a resurgence of bullish sentiment on Tuesday, with the benchmark KSE-100 index recording a significant gain of 448 points.
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Digital Payments Enjoy 8% Sales Tax Benefit: SRB
Karachi, July 23, 2024 – The Sindh Revenue Board (SRB) has issued a clarification today, dispelling rumors about the withdrawal of the reduced 8% sales tax rate for restaurant services paid through digital channels.
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Sindh Grants Conditional Sales Tax Exemption to Beauty Parlors
Karachi, July 23, 2024 – The Sindh government has announced a conditional sales tax exemption for services provided by beauty parlors and beauty clinics, according to the Sindh Revenue Board (SRB).
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FBR Releases Tax Valuation Tables for Shopkeepers in 42 Cities
Islamabad, July 22, 2024 – The Federal Board of Revenue (FBR) on Monday released valuation tables for the collection of income tax from shopkeepers and retailers located in 42 major cities of Pakistan.
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PYMA Warns of Industry Collapse Amid Skyrocketing IPP Charges
Karachi, July 22, 2024 – The Pakistan Yarn Merchants Association (PYMA) on Monday voiced serious concerns over the high payments of capacity charges to Independent Power Producers (IPPs), warning that these could lead to an industry shutdown.
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SBP May Cut Benchmark Policy Rate by 100 Basis Points: Analysts
Karachi, July 22, 2024 – As the State Bank of Pakistan’s (SBP) monetary policy meeting approaches on July 29, 2024, analysts are anticipating a significant policy shift.
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