PkRevenue.com – The Federal Board of Revenue (FBR) has recorded an impressive 31 percent growth in revenue collection during the first eleven months (July-May) of the fiscal year 2023-24.
(more…)Author: Shahnawaz Akhter
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Sindh Plans 47 MW Solar Power for 172 Public Buildings
PkRevenue.com – Sindh Energy Minister Syed Nasir Hussain Shah has announced the launch of an ambitious solar energy project aimed at providing 47 MW of electricity to 172 public sector buildings across the province.
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More than 400 Camels Arrive at Northern Bypass Cattle Market
PkRevenue.com – The influx of cattle from across the country has intensified at the Northern Bypass cattle market as preparations for Eid al-Adha are in full swing. Alongside cows, bulls, and goats, camels have also begun arriving cattle market in large numbers, adding to the market’s diversity and appeal.
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Market Anticipates Policy Rate Cut to 20% as Inflation Plunges
PkRevenue.com – Analysts at Arif Habib Limited on Friday projected a significant policy rate cut by the State Bank of Pakistan (SBP) in its upcoming monetary policy announcement scheduled for June 10, 2024. The market is anticipating a 2% reduction, bringing the policy rate down to 20%, a level last seen in March-April 2023.
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SECP Proposes Revival of Tax Credits on IPO Investments
PkRevenue.com – The Securities and Exchange Commission of Pakistan (SECP) has proposed the revival of tax credits for investments in initial public offerings (IPOs). The proposal is part of SECP’s recommendations for the 2024-25 federal budget.
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FBR Transfers Key Lahore Tax Officers in Surprise Shakeup
PkRevenue.com – In an unexpected move just days before the federal budget presentation, the Federal Board of Revenue (FBR) has transferred key officials from the Large Taxpayers Office (LTO) in Lahore to the administrative pool.
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OCAC Urges Urgent KOIA Repairs Ahead Strong Karachi Monsoon
PkRevenue.com – The Oil Companies Advisory Council (OCAC) has made an urgent appeal to Karachi Mayor Murtaza Wahab for the immediate repair of the Keamari Oil Installation Area (KOIA) in anticipation of a particularly strong monsoon season expected to begin in June 2024.
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KTBA Elects Office Bearers and EC Members for Term 2024
Karachi, May 30, 2024 – The Karachi Tax Bar Association (KTBA) has announced the names of its newly elected office bearers and executive committee (EC) members for the term ending September 30, 2024.
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Steel Industry Representatives Meet Finance Minister
PkRevenue.com – On Thursday, representatives from the steel industry met with Finance Minister Muhammad Aurangzeb to discuss proposals for the upcoming 2024-25 budget.
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FBR Suggests New CGT on Non-Residents’ Capital Assets
PkRevenue.com – In a move aimed at tightening tax regulations, the Federal Board of Revenue (FBR) has proposed the imposition of capital gains tax (CGT) on the disposal of capital assets by non-residents.
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