Islamabad, November 20, 2024 – The Federal Board of Revenue (FBR) announced on Wednesday that the last two Saturdays of November 2024 would be observed as normal working days.
(more…)Author: Shahnawaz Akhter
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Pakistan Makes $76.28M Import Payment to India in 4MFY25
Karachi, November 20, 2024 – Pakistan has made an import payment of $76.28 million to India during the first four months (July – October) of the fiscal year 2024-25, according to official data from the State Bank of Pakistan (SBP).
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FTO Assures Resolution of Tax Issues for Builders and Developers
Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah assured the Association of Builders and Developers (ABAD) that their tax-related grievances would be resolved on a priority basis. Speaking during his visit to the ABAD House on Tuesday, he reaffirmed the FTO’s commitment to eliminating irregularities in the tax system, which he described as a core mandate of his office.
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FBR Chairman Briefs World Bank on Transformation Plan
Islamabad, November 19, 2024 – Rashid Mahmood, Chairman of the Federal Board of Revenue (FBR), provided an in-depth briefing to the World Bank team on Tuesday regarding the FBR’s comprehensive transformation plan aimed at enhancing revenue collection and tax compliance in Pakistan.
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SBP Reaffirms Support for Women-Led Business Initiatives
Karachi, November 19, 2024 – The State Bank of Pakistan (SBP) underscored its dedication to enhancing women’s role in the economic landscape by hosting Women Entrepreneurship Day on November 19, 2024, in Karachi. The event brought together key stakeholders, including banks, civil society, international organizations, and successful women entrepreneurs, to promote inclusive financial participation.
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Pakistan Stocks Hit All-Time High as Bulls Add 861 Points
Karachi, November 19, 2024 – Pakistan stocks surged to an all-time high on Tuesday as bullish momentum dominated trading, adding 861 points to the benchmark KSE-100 index. The index closed at 95,857 points, up from the previous day’s 94,996 points.
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November Inflation in Pakistan Expected to Hit Record Low
Karachi, November 19, 2024 – Pakistan’s headline inflation, based on the Consumer Price Index (CPI), is projected to drop to a 78-month low for November 2024, according to analysts at Topline Securities Limited.
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FBR Set to Prosecute Banks for Incomplete Declarations
Karachi, November 19, 2024 – The Federal Board of Revenue (FBR) is preparing to take legal action against banks and other companies for submitting incomplete or inaccurate declarations, a move that underscores the government’s commitment to strengthening compliance within the financial sector.
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FBR Announces Changes in Customs Formation Nomenclature
Islamabad, November 18, 2024 – The Federal Board of Revenue (FBR) has announced a series of changes to the nomenclature of customs formations across Pakistan. These adjustments aim to align the customs framework with modern operational needs, enhancing clarity and efficiency.
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Port Congestion Worsens Amid Green Channel Policy Changes
Karachi, November 18, 2024 – A recent abrupt change in the Green Channel parameters by the Pakistan Customs Department has thrown the nation’s import system into disarray, leaving thousands of containers stranded at ports and causing severe financial repercussions for importers.
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