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.
(more…)Author: Shahnawaz Akhter
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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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UNISAME Fears More Tax Burden Will Cripple SME Sector
PkRevenue.com – Zulfikar Thaver, President of the Union of Small and Medium Enterprises (UNISAME), has expressed grave concerns over potential new tax burdens in the upcoming 2024-25 budget, warning that additional taxes could severely cripple the already struggling SME sector.
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Government Borrowing from Banks Nears Rs 7 Trillion Mark
PkRevenue.com – Government borrowing from banks in Pakistan has surged to unprecedented levels, nearing a staggering Rs 7 trillion. Data from the State Bank of Pakistan (SBP) revealed that between July 1, 2023, and May 17, 2024, the federal government borrowed Rs 6.795 trillion.
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IRS Comrades Pledge Dedication to FBR Officers’ Welfare
PkRevenue.com – The Comrades Panel of the Inland Revenue Service (IRS) Officers Group, vying in the upcoming organizational election for the 2024-26 term, has vowed to champion the welfare of Federal Board of Revenue (FBR) officers.
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Hutchison Ports Pakistan Welcomes Largest Container Vessel
PkRevenue.com – Hutchison Ports Pakistan marked a historic milestone as it welcomed the maiden call of the CV MSC ANNA, the largest container vessel ever to berth in Pakistan.
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Sindh Minister Discloses Rs 20 Billion Excess Billing by K-Electric
PkRevenue.com – Sindh Minister for Energy Nasir Hussain Shah revealed on Wednesday that K-Electric has charged an excess of Rs 20 billion in billing to provincial government departments over the past decade.
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FBR Proposes Major Penalty Hikes for Sales Tax Violations
PkRevenue.com – In a bold move aimed at bolstering tax compliance, the Federal Board of Revenue (FBR) has proposed an unprecedented escalation in penalties for violations of sales tax regulations.
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