Karachi, November 18, 2024 – The Pakistan Stock Exchange (PSX) saw a significant milestone on Monday as the benchmark KSE-100 index closed near the 95,000 mark, setting a new all-time high.
(more…)Author: Shahnawaz Akhter
-
International Defense Exhibition IDEAS 2024 Begins November 19
Karachi, November 18, 2024 – The 12th edition of the prestigious International Defense Exhibition and Seminar (IDEAS) 2024 will open its doors on Tuesday, November 19, at the EXPO Centre in Karachi.
(more…) -
MYT Pending, KE Fails to Transmit Financial Statements
Karachi, November 18, 2024 – K-Electric (KE) has faced a setback in transmitting its annual financial statements and holding its Annual General Meeting (AGM) due to the pending determination of its Multi-Year Tariff (MYT) by the National Electric Power Regulatory Authority (NEPRA).
(more…) -
FBR Updates Active Taxpayers List for 2024 to 5.52 Million
The Federal Board of Revenue (FBR) has revised its Active Taxpayers List (ATL) for the tax year 2024, reflecting a significant increase in active taxpayers. As of November 18, 2024, the list includes 5.52 million individuals, a rise from the 5.37 million taxpayers recorded in the initial ATL published on November 1, 2024.
(more…) -
Pakistan Sees 32.3% FDI Growth in 4MFY25 Period
Pakistan experienced a significant 32.3% surge in net Foreign Direct Investment (FDI) during the first four months of FY25, reaching $904.3 million, according to data released by the State Bank of Pakistan (SBP) on Monday. This marks a notable improvement from the $683.5 million recorded during the same period last fiscal year.
(more…) -
Pakistan Posts $349 Million CA Surplus in October 2024
Karachi, November 18, 2024 – Pakistan recorded a current account (CA) surplus of $349 million in October 2024, a notable improvement from a deficit of $287 million in the same month last year, according to data released by the State Bank of Pakistan (SBP).
(more…) -
Pakistan’s Knitwear Exports Surge 19% in 4MFY25
Karachi, November 17, 2024 – Pakistan’s knitwear exports have witnessed an impressive growth of 19% during the first four months (July to October) of the current fiscal year 2024-25, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
(more…) -
Non-Filing of Tax Returns a Punishable Offense in Pakistan: FBR
Karachi, November 17, 2024 – The Federal Board of Revenue (FBR) has reiterated that failing to file an income tax return as mandated by the Income Tax Ordinance, 2001, constitutes a punishable offense. The agency emphasized the legal repercussions associated with non-compliance, underscoring its commitment to enforcing tax regulations.
(more…) -
FBR Highlights Significance of Section 182A for Non-Filers
Karachi, November 17, 2024 – The Federal Board of Revenue (FBR) has clarified the implications of Section 182A of the Income Tax Ordinance, 2001, emphasizing its importance for individuals and entities failing to file their income tax returns within the due date.
(more…) -
RTO Hyderabad Seizes Non-Duty Paid Cigarettes Cache
Hyderabad, November 17, 2024 – In a significant move to combat tax evasion, the Regional Tax Office (RTO) Hyderabad has confiscated a massive quantity of non-duty paid cigarettes.
(more…)