Karachi, April 15, 2024 – The Federal Board of Revenue (FBR) has taken significant steps towards streamlining the operations of international oil suppliers in Pakistan by implementing rules under the Customs Bonded Facilities Rules, 2024.
(more…)Author: Shahnawaz Akhter
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FBR Extends Sales Tax Return Filing Deadline to April 22, 2024
Islamabad, April 15, 2024 – The Federal Board of Revenue (FBR) has announced an extension of the deadline for filing monthly sales tax returns, providing relief to taxpayers across the country.
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Alter Your Income Tax Return Within Five Years
The Federal Board of Revenue (FBR) has granted taxpayers to alter their income tax returns within a five-year timeframe from the date of the original filing for a specific tax year.
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PSX Brokers Call for Tax Relief to Boost Market Competitiveness
Karachi, April 14, 2024 – Brokers at the Pakistan Stock Exchange (PSX) are making a plea for a more lenient tax framework on brokerage and commission as the country prepares for the 2024-25 budget.
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FBR Invites Bids for Sale of Confiscated Diesel Oil
Karachi, April 13, 2024 – The Federal Board of Revenue (FBR) has initiated the process of auctioning a substantial quantity of confiscated diesel oil, inviting sealed bids from interested parties.
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Pakistan Faces 4.8% Drop in Registered Prize Bond Investments
In a concerning development for Pakistan’s financial landscape, data released by the State Bank of Pakistan (SBP) reveals a notable 4.8 percent decline in registered prize bond investments by the end of February 2024 compared to the same period the previous year.
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Check Latest TY2024 Tax Rates on Salary in Pakistan
As tax year 2024 unfolds, citizens of Pakistan who derive their income from salaries are urged to stay updated with the latest tax rates to ensure compliance with tax regulations and accurate filing of income tax returns.
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Staller KSE-100 Performance Still 50% below from 2017 Peak
In the latest turn of events in Pakistan’s financial landscape, the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) has hit record high levels. However, despite this apparent milestone, the index’s performance still lags significantly behind its peak in 2017, especially when measured in dollar terms.
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FBR Set to Launch Income Tax General Order for Non-Filers
Karachi, April 12, 2024 – The Federal Board of Revenue (FBR) is gearing up to launch an Income Tax General Order aimed at identifying and penalizing non-filers who possess taxable income but have failed to file their income tax returns.
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Pakistan Inflation Expected to Ease to 15% in FY2025: ADB Report
Karachi, April 11, 2024 – Pakistan is anticipated to witness a significant contraction in inflation to 15 percent during the next fiscal year 2024-25, according to a report released by the Asian Development Bank (ADB) on Thursday.
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