Karachi, July 8, 2024 – Pakistan Customs pledged to expedite customs clearance procedures during a meeting with representatives from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday.
(more…)Author: Shahnawaz Akhter
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KSE-100 Soars to New Heights Despite Mid-Day Fire Disruption
Karachi, July 8, 2024 – In a day marked by both triumph and temporary setbacks, Pakistan’s benchmark stock index, the KSE-100, scaled new heights, reaching an all-time high of 80,566 points.
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Finance Act 2024 Unveils Best Judgement Assessment for ST
Karachi, July 7, 2024 – The Finance Act, 2024 has introduced significant changes to the best judgement assessment process under sales tax laws in Pakistan. A new section, 11D, has been added to the Sales Tax (ST) Act, 1990, aiming to streamline and strengthen tax compliance.
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Pakistan Strengthens Oversight of Foreign Gifts and Donations
Karachi, Pakistan – July 7, 2024 – The Pakistan government has implemented stricter regulations governing the receipt of foreign gifts and donations by public officials and organizations.
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Customs Appellate Tribunal Revamped for Faster Case Resolution
Karachi, Pakistan – July 7, 2024 – The Finance Act, 2024 has ushered in a significant change aimed at expediting the resolution of customs-related disputes. The Act amends Section 194 of the Customs Act, 1969, outlining a revised structure for the Customs Appellate Tribunal (CAT).
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Tax Return Filing Season 2024 Begins in Pakistan
Karachi, July 7, 2024 – The commencement of the annual income tax return filing for tax year 2024 marks a pivotal moment for taxpayers in Pakistan as the Federal Board of Revenue (FBR) has officially launched the finalized return forms.
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Petroleum Dealers Win Tax Dispute with Government
Karachi, July 7, 2024 – Pakistan’s petroleum dealers have successfully convinced the government to reverse a new tax regulation after arguing it amounted to double taxation.
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Pakistan Cracks Down on Nuclear Smuggling with New Laws
Karachi, July 6, 2024 – Pakistan has taken a significant step towards bolstering national and international security by introducing stricter penalties for the smuggling of nuclear and radioactive materials.
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Pakistan Customs Gets Teeth to Fight Money Laundering in Trade
Karachi, July 5, 2024 – Pakistan is taking a significant step towards combating money laundering in foreign trade with the establishment of a new directorate within the Pakistan Customs department.
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Standard Chartered Bank Sees Greater Potential in Pakistan
KARACHI, July 5, 2024 – Bill Winters, Group CEO of Standard Chartered Bank, expressed optimism about Pakistan’s potential and reaffirmed the bank’s commitment to continued investment during his visit to the Overseas Investors Chamber of Commerce and Industry (OICCI) on Friday.
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