Karachi, February 7, 2024 – Pakistan Petroleum Limited (PPL) has taken a significant step towards supporting the development of the Balochistan region by deciding to fund the government’s share of capital contribution in the BLZ Project.
(more…)Author: Shahnawaz Akhter
-
MCB Bank Achieves Record Profits and Dividends in Year 2023
Karachi, February 6, 2024 – MCB Bank, one of Pakistan’s leading financial institutions, has announced its highest-ever profit and dividends for the calendar year 2023, according to analysts at Arif Habib Limited.
(more…) -
FPCCI Opposes Proposed Export Ban on Minerals and Marbles
Karachi, February 7, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has issued a vehement opposition to the proposed export ban on minerals and marbles, as approved by the Senate Standing Committee on Commerce.
(more…) -
Guide on Importing Vehicles into Pakistan during 2024
Pakistan has taken significant strides in streamlining the vehicle importation process for overseas Pakistanis in 2024 through the implementation of the Import Policy Order 2022.
(more…) -
SRB Outlines Tax Rates on Banking Services for Tax Year 2024
Karachi, February 5, 2024 – The Sindh Revenue Board (SRB) has outlined the sales tax rates on various services provided by banks for the tax year 2024.
(more…) -
JS Bank Fined Rs 45.51 Million by SBP for Regulatory Violations
Karachi, February 5, 2024 – JS Bank, a prominent financial institution in Pakistan, has incurred a monetary penalty of Rs 45.51 million for regulatory violations during the calendar year 2023.
(more…) -
Pakistan Source Income Defined for Tax Year 2024 by FBR
Karachi, February 5, 2024 – The Federal Board of Revenue (FBR) in Pakistan has delineated the parameters for Pakistan source income for the tax year 2024, providing a comprehensive framework for the calculation of annual tax liabilities.
(more…) -
New Record High 5.63 Million Active Taxpayers in Pakistan
Karachi, February 5, 2024 – In a significant milestone, the Federal Board of Revenue (FBR) announced on Monday that the number of active taxpayers in Pakistan has reached new record high at 5.63 million, according to the weekly Active Taxpayers List (ATL) for the tax year 2022.
(more…) -
Insurance Services to Incur 13% Sales Tax in Sindh for 2024
Karachi, February 4, 2024 – In a significant development, insurance services offered by insurance companies will be subjected to a 13 percent sales tax in the tax year 2024, as per the updated Sales Tax on Services Act, 2011, released by the Sindh Revenue Board (SRB).
(more…) -
Rupee Likely to Hold Steady Against Dollar Amid General Elections
Karachi, February 4, 2024 – As Pakistan gears up for general elections scheduled for February 8, 2024, financial analysts predict that the Pakistani Rupee (PKR) is likely to maintain its stability against the US dollar in the coming week.
(more…)