PkRevenue.com – The Federal Board of Revenue (FBR) has proposed a 100 percent increase in tax on bonus shares for individuals who are not listed on the Active Taxpayers List (ATL). The tax managers at the FBR have recommended amendments to the Income Tax Ordinance, 2001, to be implemented in the forthcoming budget for 2024-25.
(more…)Author: Shahnawaz Akhter
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Karachi Industrialists Demand Full Restoration of Electricity
PkRevenue.com – Karachi industrialists on Saturday called upon K-Electric to fully restore electricity to factories and manufacturing units in the city.
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Expected Tax Measures in 2024-25 Budget to Raise Rs 600 Billion
PkRevenue.com – Analysts at Topline Securities Limited have projected a series of key tax measures that the government is likely to announce in the 2024-25 budget to generate approximately Rs 600 billion in additional revenue.
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Strict Measures Likely in 2024-25 Budget Ahead of IMF Program
PkRevenue.com – Analysts at Topline Securities Limited have predicted that strict fiscal measures will be implemented in the forthcoming federal budget for 2024-25 to align with the requirements of the new loan program with the International Monetary Fund (IMF).
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FBR Achieves 31% Revenue Collection Growth in 11MFY24
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.
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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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