Karachi, February 9, 2024 – The Sindh Revenue Board (SRB) has reported a noteworthy milestone in its fiscal year 2022-23 collections, with sales tax from port services emerging as the leading contributor, totaling Rs. 23.58 billion.
(more…)Author: Shahnawaz Akhter
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Customs Seeks Powers to Tackle Imports under Baggage Rules
Karachi, February 9, 2024 – In a bid to curb the misuse of the Baggage Rules, Pakistan Customs is actively seeking enhanced powers to confiscate goods imported in commercial quantities.
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Basic Requirements for 2024 Income Tax Registration in Pakistan
As the tax season approaches in Pakistan for the year 2024, the Federal Board of Revenue (FBR), the apex tax agency of the country, has outlined the basic requirements for income tax registration.
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FTO Orders Probe into Tax Data Breach
Islamabad, February 7, 2024 – The Federal Tax Ombudsman (FTO) has directed an immediate investigation into a case of unauthorized access to tax data, revealing a concerning breach in the system.
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Pakistan Set to Unveil Federal Budget 2024-25 in Early June
In a significant move towards fiscal transparency and governance, Pakistan is gearing up to present its federal budget for the fiscal year 2024-25 in the first week of June.
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PTBA Urges SECP to Revamp Guidelines for Procedural Alleviation
Karachi, February 7, 2024 – The Pakistan Tax Bar Association (PTBA) has fervently called upon the Securities and Exchange Commission of Pakistan (SECP) to proactively update its guidelines and eliminate procedural hurdles, fostering a more conducive environment for all facets of the business realm.
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BMG Chairman Pledges Advocacy for Karachi Small Traders
Karachi, February 7, 2024 – Zubair Motiwala, Chairman of Business Group (BMG), has affirmed his commitment to champion the rights of small traders in Karachi across all platforms.
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FBR Introduces New Rules for International Oil Suppliers
Islamabad, February 7, 2024 – The Federal Board of Revenue (FBR) in Pakistan has unveiled new rules for international oil suppliers, specifically addressing the import of crude oil and other petroleum products through customs bonded storage facilities.
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SRB Unveils 2024 Tax Rates for Professional Services in Sindh
Karachi, February 7, 2024 – The Sindh Revenue Board (SRB) has released the tax rates applicable to services provided by professionals and consultants for the tax year 2024.
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Attock Petroleum Records 41% Profit Growth in 1HFY24
Karachi, February 6, 2024 – Attock Petroleum Limited (APL) announced a substantial 41% growth in profit for the first half (July – December) of the fiscal year 2023-24, showcasing robust financial performance and strategic resilience in a dynamic market.
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