Karachi, June 13, 2024 – Pakistan has witnessed increase in foreign exchange reserves by a notable $168 million in the week ending June 7, 2024, according to a statement released by the State Bank of Pakistan (SBP) on Thursday.
(more…)Author: Shahnawaz Akhter
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Finance Bill 2024: 5% FED Slapped on Immovable Properties
The government has imposed a Federal Excise Duty (FED) on immovable properties through amendments introduced in the Finance Bill 2024.
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Pakistan Withdraws Duty Exemption on Hybrid Vehicles Import
In a move aimed at bolstering the local automotive industry, Pakistan has announced the withdrawal of customs duty exemptions on the import of hybrid vehicles starting from the fiscal year 2024-25.
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Pakistan Jacks Up Minimum Wage to Monthly Rs 37,000
In a move aimed at providing relief to the lower income segment of society, Pakistan announced a significant increase in the minimum wage, raising it to Rs 37,000 per month.
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Pakistan 2024-25 Tax Calculator for Salary, Business Individuals
In a significant update for the upcoming fiscal year, the Finance Bill 2024 has unveiled revised tax brackets and rates, impacting both salaried individuals and business entities across the country.
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Incomplete Tax Return to Attract Fine and Imprisonment: FBR
The Federal Board of Revenue (FBR) has announced that filing an incomplete income tax return could lead to severe penalties, including a fine and up to one year of imprisonment.
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PBC Questions Massive Salary Increase for Govt Employees
In a critical response to the newly announced budget for the fiscal year 2024-25, the Pakistan Business Council (PBC) has raised significant concerns over the substantial salary increments granted to government employees.
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Pakistan Budget 2024-25 At A Glance
Islamabad: The Federal Government of Pakistan unveiled its budget for the fiscal year 2024-25 on Wednesday, June 12, 2024, totaling an ambitious Rs 18.877 trillion.
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Finance Bill 2024 Redefines Sales Tax Fraud
The federal government, on Wednesday, unveiled the budget for 2024-25, presenting a comprehensive redefinition of sales tax fraud through the Finance Bill, 2024.
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KCCI Rejects 2024-25 Budget, Terms It Anti-Industry
The Karachi Chamber of Commerce and Industry (KCCI) on Wednesday voiced strong opposition to the federal budget for the fiscal year 2024-25, presented by the government.
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