Islamabad, May 11, 2024 – Pakistan International Airlines (PIA) is gearing up to spread its wings to Europe, marking a significant milestone in its service expansion.
(more…)Author: Shahnawaz Akhter
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Pakistan Commits No Tax Amnesty in 2024-25
Islamabad, May 11, 2024: Pakistan has pledged not to launch any tax amnesty schemes in fiscal year 2024-25 as part of its commitment to bolster the country’s fiscal sustainability and ensure continuous fiscal consolidation.
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Telecom Operators Begin Blocking SIMs of Non-Filers in Pakistan
Islamabad, May 10, 2024 – Pakistan’s telecom operators have begun the process of blocking mobile phone SIM cards belonging to individuals who have not filed their income tax returns.
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IMF Flags High Economic Risks in Pakistan Amid Uncertainty
Karachi, May 10, 2024 – The International Monetary Fund (IMF) on Friday issued a warning that Pakistan faces “exceptionally high” downside risks to its economic stability.
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PTBA Proposes Comprehensive Digitalization in Budget 2024-25
Karachi, May 10, 2024 – The Pakistan Tax Bar Association (PTBA) has officially presented a set of proposals to Finance Minister Muhammad Aurangzeb for the upcoming 2024-25 budget, placing significant emphasis on the digitalization of the economy.
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Pakistan Reports $1.143 Billion Surge in Weekly Forex Reserves
Karachi, May 9, 2024 – Pakistan has seen a robust increase in foreign exchange reserves this week, with an infusion of $1.143 billion, boosting the total reserves to $14.459 billion as of May 3, 2024, according to data released by the State Bank of Pakistan (SBP).
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FBR Receives Proposals to Clamp Down Benami Car Purchases
KARACHI, May 9, 2024 – The Federal Board of Revenue (FBR) is considering new measures for the 2024-25 budget to combat benami (anonymous) transactions in the automobile sector and to enhance tax collection across various sectors.
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Pakistan Borrows Record Rs 6 Trillion from Commercial Banks
KARACHI, May 9, 2024 – Pakistan has set a new record in domestic borrowing, securing approximately Rs 6 trillion from commercial banks during the first ten months of fiscal year 2023-24, primarily to finance its burgeoning budget deficit.
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FBR Initiates Date of Birth Verification for Customs Officials
Islamabad, May 8, 2024 – The Federal Board of Revenue (FBR) has commenced a comprehensive verification of date of birth records for officials within Pakistan Customs, aiming to streamline the process of managing retirement cases and other related administrative matters.
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Proposal to Lift Import Tax for Manufacturers in Budget 2024-25
The business community has recently put forth a significant proposal for budget 2024-25 aimed at boosting efficiency of manufacturers within Pakistan.
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