PkRevenue.com – The Karachi Chamber of Commerce and Industry (KCCI) on Monday expressed disappointment over the State Bank of Pakistan’s (SBP) recent rate cut, describing it as a meager reduction.
(more…)Author: Shahnawaz Akhter
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KTBA Alerts: IRS Portal Glitch Halts Reference Numbers
PkRevenue.com – The Karachi Tax Bar Association (KTBA) has recently spotlighted a significant glitch in the IRS Portal, causing the cessation of displaying reference order numbers. This technical issue has created considerable inconvenience for taxpayers attempting to revise their sales tax returns.
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FPCCI Demands Larger Rate Cut, Rejects 150bps Reduction
Karachi, June 10, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed strong dissatisfaction with the State Bank of Pakistan’s (SBP) recent decision to cut the key policy rate by 150 basis points.
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SBP Announces 150bps Cut in Benchmark Policy Rate to 20.5%
Karachi, June 10, 2024 – In a move aimed at providing much-needed relief to the economy, the State Bank of Pakistan (SBP) has announced a reduction in the benchmark policy rate by 150 basis points, bringing it down to 20.5 percent.
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Karachi Port in Gridlock: Thousands of Containers Stranded
Karachi, June 9, 2024 — Khurram Ejaz, former president of the Karachi Customs Agents Association, has sharply criticized port authorities for their lack of preparation in clearing thousands of containers stuck at Karachi Port.
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ICAP Suggests Tax Exemption on Annual Salary up to Rs 1 Million
PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has put forth a significant proposal for the upcoming budget of 2024-25, suggesting an increase in the income threshold for tax exemption on salaries.
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FPCCI Estimates Rs 50 Trillion Untaxed Money in Pakistan
PkRevenue.com – Pakistan’s top trade body, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has unearthed a colossal amount of untaxed money circulating within the country – a staggering Rs 50 trillion.
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SBP Poised for Crucial Policy Rate Decision on June 10
PkRevenue.com – The State Bank of Pakistan (SBP) is poised to make a pivotal decision regarding the benchmark policy rate on Monday, June 10, 2024.
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Stable Rupee Expected Against Dollar Next Week Starting June 10
PkRevenue.com – The Pakistani Rupee is anticipated to maintain its stability against the US dollar in the upcoming week beginning June 10, 2024.
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FPCCI Strongly Opposes Section 7E, Demands Deletion in Budget
PkRevenue.com – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has vehemently criticized the deemed income tax imposed under Section 7E of the Income Tax Ordinance, 2001, and called for its removal in the upcoming 2024-25 budget.
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