Karachi, April 8, 2024 – In a bid to enhance tax compliance and integrate businesses with the Federal Board of Revenue (FBR), the Regional Tax Office (RTO) – I Karachi undertook midnight operations on Monday.
(more…)Author: Shahnawaz Akhter
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Pakistan Remittances Surge by 31% MoM in March 2024
Karachi, April 8, 2024 – Pakistan has witnessed a significant surge of 31 percent in remittances on a month-on-month (MoM) basis in March 2024.
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Pakistan Customs Levies 20% Duty on Chocolate Crumbs
Islamabad, April 8, 2024- In a recent development, the classification committee of Pakistan Customs has announced the imposition of a 20 percent customs duty on the import of “CDM MAS CRUMBS,” a milk-based mixture with cocoa used in chocolates.
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SRB Extends Deadline for March 2024 Tax Filings and Payments
In response to the evolving circumstances, the Sindh Revenue Board (SRB) has announced an extension of the deadline for filing monthly sales tax returns and the associated tax payments for March 2024.
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FBR Discloses Names of 3.91 Million Active Taxpayers
Karachi, April 8, 2024 – In a significant development, the Federal Board of Revenue (FBR) has unveiled the names of 3.91 million active taxpayers, marking a substantial surge in tax compliance.
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UNISAME Urges Anomaly Removal for Commercial Imports
In a bid to foster fair trade practices and remove existing disparities in raw material clearance, the Union of Small and Medium Enterprises (UNISAME) has directed a fervent appeal towards the commerce ministry. The plea emphasizes the urgent need to rectify an anomaly that discriminates against commercial importers in comparison to their industrial counterparts.
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SBP Directs Banks to Open Accounts for BISP Beneficiaries
Karachi, April 8, 2024 – The State Bank of Pakistan (SBP) has issued directives to banks to open bank accounts for beneficiaries of the Benazir Income Support Program (BISP), aiming to streamline the disbursement process of financial assistance directly into their accounts.
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Abu Dhabi Ports Announces Major Investments for Karachi Port
Abu Dhabi Ports Group has revealed its ambitious investments for Pakistan’s Karachi port, aimed at enhancing foreign trade and bolstering maritime infrastructure.
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Banks Close 3 Days for Eid-ul-Fitr 2024: Plan Your Transactions
As the joyous occasion of Eid-ul-Fitr approaches, citizens in Pakistan are reminded to plan their financial transactions in advance due to the closure of banks for three consecutive days.
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How to Claim Income Tax Refund in Pakistan?
Claiming income tax refunds in Pakistan has become a streamlined process, ensuring ease and efficiency for taxpayers. The Federal Board of Revenue (FBR), Pakistan’s premier tax authority, has delineated the steps necessary for obtaining income tax refunds.
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