Karachi, April 29, 2024 – Banking Mohtasib Pakistan (BMP) revealed a 21% increase in complaints against commercial banks for the year 2023, as reported in a press conference held at the Institute of Bankers Pakistan.
(more…)Author: Shahnawaz Akhter
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Pakistan Faces Rs 800 Billion Loss from IPR Violations
Karachi, April 29, 2024 – Pakistan economy suffered a substantial loss of approximately Rs 800 billion last year due to violations of intellectual property rights (IPR), according to a recent survey conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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APCMA Seeks Tax Rebate After Track and Trace System Fails
Karachi, April 29, 2024 – The All Pakistan Cement Manufacturers’ Association (APCMA) has called for a tax rebate from the government to compensate for the substantial investments made in the unsuccessful track and trace system (TTS).
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SBP Holds Policy Rate Steady at 22% Amid Economic Recovery
Karachi, April 29, 2024 – The State Bank of Pakistan (SBP) has decided to maintain its benchmark policy rate at 22 percent, the bank’s Monetary Policy Committee (MPC) announced after its meeting today.
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FBR Lists 4.07 Million Active Taxpayers, Reflecting Compliance
Islamabad, April 29, 2024 – In a significant development on Monday, the Federal Board of Revenue (FBR) published the names of 4.07 million citizens who have successfully filed their income tax returns, thereby securing their positions on the Active Taxpayers List (ATL) for the tax year 2023.
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Veteran Journalists Appointed to FPCCI Media Committee
Karachi, April 29, 2024 – In a significant move aimed at strengthening its media relations and public outreach, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has made key appointments to its Central Standing Committee on ‘Press and Electronic Media’ for the year 2024-2025.
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Pakistan Mulls Mandatory Tax Returns for Agricultural Income
In a move poised to overhaul the taxation system for agricultural income, Pakistan is strongly considering making it mandatory for earners of agricultural income to file their annual tax returns along with wealth statements.
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SBP Calls for Unpopular but Necessary Economic Measures
KARACHI: In a candid address during the Members Convocation of the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan), Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), stressed the urgent need for unpopular yet necessary measures to bolster the nation’s economy.
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FBR Inducts BS-20 Officer as Member IR Policy in Major Reshuffle
Islamabad, April 28, 2024 – In a significant reshuffling that has raised eyebrows across financial and governmental sectors, the Federal Board of Revenue (FBR) has appointed a relatively inexperienced BS-20 officer, Ms. Amna Faiz, as the new Member of Inland Revenue (IR) Policy.
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FTO Orders FBR to Withdraw Petitions After Presidential Directives
In a notable move, the Federal Tax Ombudsman (FTO) has issued directives to the Federal Board of Revenue (FBR) to withdraw all writ petitions filed in high courts that contradict the orders previously issued by the President of Pakistan.
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