Karachi, April 19, 2024 – Ambassador of Azerbaijan to Pakistan, Khazar Farhadov, emphasized the critical need for enhancing economic collaboration between Azerbaijan and Pakistan during a meeting at the Karachi Chamber of Commerce & Industry (KCCI).
(more…)Author: Shahnawaz Akhter
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Pakistan Customs Assures LIVE System to Safeguard Trade
In a bid to bolster transparency and efficiency in trade operations, Pakistan Customs has rolled out the LIVE System, a cutting-edge initiative aimed at protecting the interests of the business community and ensuring a conducive environment for economic growth.
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FBR Removes Balance Sheet Requirement for Tax Return Filing
In a move aimed at reducing administrative burdens and facilitating compliant taxpayers, the Federal Board of Revenue (FBR) has eliminated the requirement of submitting balance sheets detailing assets and liabilities alongside monthly sales tax returns for those already enlisted with the sales tax department.
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All You Need to Know About Filing Tax Appeals with FBR
Any person dissatisfied with any order passed by a Commissioner of Inland Revenue has the right of appeal before the Federal Board of Revenue (FBR).
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Pakistan Set to Deregulate Petroleum Prices: Reports
Pakistan is poised to deregulate petroleum prices in response to concerns raised by the oil industry regarding the influx of smuggled oil products and the escalating fuel prices, according to recent reports.
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KTBA Criticizes FBR’s Half-hearted Documentation Efforts
In a seminar held on April 18, 2024, the Karachi Tax Bar Association (KTBA) voiced its concerns over what it perceives as half-hearted efforts by the Federal Board of Revenue (FBR) towards the documentation of the economy.
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FBR Raises CNG Value by 48% for Sales Tax Charging
The Federal Board of Revenue (FBR) Thursday announced a significant increase in the value of Compressed Natural Gas (CNG) by 48 percent for the purpose of charging sales tax.
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New Provisions Disrupt Sales Tax Return Filing
Karachi, April 18, 2024 – The implementation of new provisions in the sales tax laws by the Federal Board of Revenue (FBR) has significantly disrupted the process of return filing for the month of March 2024.
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Meezan Bank Reports Profit Growth of 64.46% in 1QCY24
Meezan Bank Limited, the largest Islamic bank in Pakistan, Thursday announced a staggering 64.46 percent surge in profit, reaching Rs 25.54 billion in the first quarter of calendar year 2024.
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Pakistan Anticipates New IMF Loan Deal by June-end
Pakistan is poised to secure a new loan deal with the International Monetary Fund (IMF) by the end of June or early July, according to the country’s Finance Minister for Finance and Revenue, Muhammad Aurangzeb.
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