Karachi, July 10, 2024 – The Inland Revenue Service Officers Association (IRSOA) has vehemently condemned the recent actions of the Federal Board of Revenue (FBR) regarding the transfer of senior officers to an administrative pool.
(more…)Author: Shahnawaz Akhter
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Karachi Port Reports 23.43% Cargo Handling Surge in FY24
Karachi, July 9, 2024 – Karachi Port Trust (KPT) reported a significant performance boost in cargo handling, witnessing a 23.43 percent surge during the fiscal year 2023-24.
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SRO 350 Sparks Controversy as PBC Raises Tax Return Concerns
Karachi, July 9, 2024 – The Pakistan Business Council (PBC) has raised significant concerns regarding recent amendments to the Sales Tax Rules, 2006, introduced through SRO 350(I)/2024 by the Federal Board of Revenue (FBR).
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FBR Gathers Dual Nationality Information of Customs Officials
Karachi, July 9, 2024 – The Federal Board of Revenue (FBR) has initiated the process of collecting information regarding dual nationality from customs officials across Pakistan. This move comes as part of a directive issued by the FBR under the Right of Information Act, 2017.
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Karachi Chamber Demands FBR Address Controversial SRO 350
Karachi, July 9, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the Federal Board of Revenue (FBR) to promptly resolve the ongoing issues related to SRO 350 (I)/2004, which have been a source of significant concern for the business community.
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Pakistan Receives $30.25 Billion in Workers’ Remittances in FY24
Karachi, July 9, 2024 – Pakistan received $30.25 billion in workers’ remittances during the fiscal year 2023-24, according to a report by the State Bank of Pakistan (SBP) released on Tuesday. This represents an 11 percent increase compared to the $27.33 billion received in the preceding fiscal year.
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Finance Act 2024 Limits FBR in Issuing Assessment Notices
Karachi, July 9, 2024 – The Finance Act 2024 has introduced significant changes, imposing limitations on the Federal Board of Revenue (FBR) regarding the issuance of assessment notices. This move aims to streamline tax processes and provide clarity to taxpayers.
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FBR Records Nearly 5 Million Active Taxpayers for Tax Year 2023
Islamabad, July 8, 2024 – The Federal Board of Revenue (FBR) has reported a significant milestone, with nearly 5 million active taxpayers recorded for the tax year 2023 as of July 7, 2024.
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IR Officers Gain Authority to Recover Unpaid Taxes in Pakistan
Karachi, July 8, 2024 – The Finance Act of 2024 has granted new powers to Inland Revenue (IR) officers in Pakistan, significantly enhancing their authority to recover unpaid or underpaid taxes from individuals and businesses.
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CEEJ Demands Action After Journalist Assault at PSX
Karachi, July 8, 2024 – The Council of Economic and Energy Journalists (CEEJ) has erupted in condemnation following a reported assault on ARY News reporter Afzal Khan by security personnel at the Pakistan Stock Exchange (PSX) on Monday.
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