Islamabad, March 22, 2024 – The Federal Board of Revenue (FBR) unveiled a new procedure for the registration of mobile phones, aiming to streamline the process and ensure compliance with regulatory standards.
(more…)Author: Shahnawaz Akhter
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Pakistan Tax Bar Raises Concerns Over SRO 350 of 2024
Karachi, March 22, 2024 – The Pakistan Tax Bar Association (PTBA) has voiced reservations regarding the implications of SRO 350 of 2024, recently notified by the Federal Board of Revenue (FBR).
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PSX Proposes 50% Tax Credit to Listed SMEs in Budget 2024-25
Karachi, March 22, 2024 – The Pakistan Stock Exchange (PSX) has put forward a significant proposal aimed at bolstering the small and medium enterprise (SME) sector in the country.
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FBR Introduces SWAPS Rules for Digital Invoicing Enforcement
Islamabad, March 21, 2024 – The Federal Board of Revenue (FBR) has taken a significant step towards enhancing tax transparency and combating evasion with the introduction of rules for the Synchronized Withholding Administration and Payment System (SWAPS).
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Bank Alfalah Contemplates Quarterly Dividend Payouts
Bank Alfalah Limited, one of Pakistan’s leading banks, is considering a shift towards quarterly dividend payouts, reflecting a move in line with current market dynamics.
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Pakistan Registers $240 Million Increase in Weekly Forex Reserves
Karachi, March 21, 2024 – Pakistan has seen a notable surge in its foreign exchange reserves, recording a $240 million increase for the week ended March 15, 2024.
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Foreign Direct Investment Plummets 17% in 8MFY24, Says SBP
Karachi, March 20, 2024 – The State Bank of Pakistan (SBP) announced on Wednesday that the foreign direct investment (FDI) into the country has witnessed a significant decline of 17.1 percent during the first eight months (July – February) of the fiscal year 2023-24.
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PSX Seeks Tax Rates Rationalization for Listed Companies
Karachi, March 20, 2024 – The Pakistan Stock Exchange (PSX) has emphasized the need for tax rate rationalization for listed companies in the upcoming budget of 2024-25.
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Pakistan’s CAD Shrinks 74% to $999M in 8MFY24
Karachi – Pakistan’s economic landscape shows promising signs as the country’s Current Account Deficit (CAD) has seen a substantial reduction by 74 percent, dwindling to $999 million during the initial eight months (July – February) of fiscal year 2023-24, according to recent data unveiled by the State Bank of Pakistan (SBP) on Tuesday.
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FBR Promotes 37 IRS Officers to Higher Scale of BS-18
Islamabad, March 19, 2024 – In a significant development within the Federal Board of Revenue (FBR), 37 officers of the Inland Revenue Service (IRS) have been granted promotion to the higher scale of BS-18.
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