Karachi, August 28, 2024 – The Federal Board of Revenue (FBR) on Wednesday issued a general order to ease the export process for unmanufactured tobacco, addressing longstanding concerns among exporters regarding the payment of federal excise duty (FED).
(more…)Author: Shahnawaz Akhter
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FBR Mandates Deemed Income Tax for Traders in Simple Return
Karachi, August 28, 2024 – The Federal Board of Revenue (FBR) on Wednesday introduced a simplified return form for traders, making the declaration of deemed income mandatory under the new guidelines.
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Pakistan Equities Drop 91 Points Amidst Uncertainties
Karachi, August 28, 2024 – Pakistan equities experienced a decline on Wednesday, with the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) falling by 91 points. The index closed at 77,993 points, down from the previous day’s close of 78,084 points, reflecting a loss of 0.12%.
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KTBA Highlights Tax Woes of Pharma Sector
Karachi, August 28, 2024 – The Karachi Tax Bar Association (KTBA) has brought attention to the tax challenges faced by Pakistan’s pharmaceutical sector following recent changes in sales tax regulations.
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Traders Paralyze Pakistan in Tax, Power Bill Uproar
Karachi, August 28, 2024 – A nationwide strike led by traders has brought Pakistan to a standstill, protesting against the government’s recent tax reforms and soaring electricity bills.
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SBP Enhances Bank Deposit Protection to Rs 500,000
Karachi, August 28, 2024 – In a significant move to enhance the financial security of depositors, the State Bank of Pakistan (SBP) has doubled the deposit protection limit to Rs 500,000 per account.
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FBR Issues Guidelines on Property Income Tax for TY 2024-25
Karachi, August 28, 2024 – The Federal Board of Revenue (FBR) has provided a comprehensive explanation of the tax implications on income derived from property for the tax year 2024-25.
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Banking Sector Sees Rs 518 Billion Withdrawals After Tax Changes
Karachi, August 28, 2024 – The banking sector in Pakistan has experienced a seismic shift as account holders withdrew a colossal Rs 518 billion in response to recent tax amendments effective from July 1, 2024.
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HBL Anticipates Policy Rate Cut to 14% by June 2025
Karachi, August 27, 2024 – Habib Bank Limited (HBL) has projected a significant reduction in the key policy rate by the State Bank of Pakistan (SBP), expecting it to decrease to 14-15% by June 2025. This forecast was shared by the bank’s management during an analyst briefing hosted by Arif Habib Limited.
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FBR Debunks Rumors of Amnesty for Smuggled Vehicles
Islamabad, August 27, 2024 – The Federal Board of Revenue (FBR) has firmly denied reports circulating in the media regarding an amnesty scheme for smuggled vehicles.
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