Islamabad, March 19, 2024 – In a move aimed at enhancing tax procedures and fostering business efficiency, the Federal Board of Revenue (FBR) has issued instructions regarding the operation of the Single Sales Tax Return (SSTR) portal.
(more…)Author: Shahnawaz Akhter
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KATI Opposes Gas Tariff Increase, Advocates for Industrial Relief
KARACHI: The Korangi Association of Trade and Industry (KATI) has strongly denounced the proposed increase in gas tariffs for industrial consumers, calling for urgent relief measures to alleviate the burdens faced by manufacturers.
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SBP Maintains Policy Rate at 22% Amid Inflation Uptick Risk
Karachi, March 18, 2024 – The State Bank of Pakistan (SBP) has announced the decision to maintain the benchmark policy rate at 22 percent, citing concerns about the risk of inflation uptick in the country.
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Updated ATL Expands to 3.67 Million Active Taxpayers
Karachi, March 18, 2024 – The Federal Board of Revenue (FBR) has announced that the Updated Active Taxpayers List (ATL) for tax year 2023 has expanded significantly, reaching 3.67 million active taxpayers, according to official data released on Monday.
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PSX Pushes Tax Relief for Foreign Investment in Budget 2024-25
The Pakistan Stock Exchange (PSX) has set its sights on tax relief measures in the upcoming budget for the fiscal year 2024-25, aiming to pave the way for increased foreign investment in the country’s capital market.
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PSX Suggests 5% CGT for All Derivatives and Future Contracts
The Pakistan Stock Exchange (PSX) has put forth a groundbreaking proposal, suggesting a 5% Capital Gains Tax (CGT) for all derivatives and future contracts traded on the stock exchange.
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PSX Proposes Removal of Flat CGT Rate in Budget 2024-25
In a bid to overhaul the tax regime and foster a more balanced investment environment, the Pakistan Stock Exchange (PSX) has put forth a groundbreaking proposal to eliminate the flat rate of Capital Gains Tax (CGT) set at 12.5 percent in the upcoming budget for the fiscal year 2024-25.
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Motor Cars Import into Pakistan Jumps 259% in 8MFY24
Karachi, March 17, 2024 – Pakistan has witnessed an unprecedented surge in the import of motor cars, with figures soaring by a staggering 259 percent during the first eight months (July – February) of the fiscal year 2023-24.
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Pakistan Imports Mobile Phones Worth $1.15 Billion in 8MFY24
Karachi, March 16, 2024 – Official data released by the Pakistan Bureau of Statistics (PBS) indicates that Pakistan has expended a substantial $1.15 billion on the import of mobile phones during the first eight months (July – February) of the fiscal year 2023-24.
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PSX Proposes Tax Relief Measures in Budget 2024-25
The Pakistan Stock Exchange (PSX) has submitted a series of tax proposals to the federal government for consideration in the upcoming budget for the fiscal year 2024-25.
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