Karachi, April 1, 2024 – The Federal Board of Revenue (FBR) has initiated a comprehensive income tax registration process targeting shopkeepers and traders in six major cities across Pakistan.
(more…)Author: Shahnawaz Akhter
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Pakistan’s Trade Deficit Widens 56% YoY in March 2024
Islamabad, April 1, 2024 – Official data released on Monday revealed that Pakistan’s trade deficit widened significantly by 56.30 percent on a year-on-year basis in March 2024, highlighting ongoing challenges in the country’s trade balance.
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Pakistan’s Headline Inflation Rises by 20.7% YoY in March 2024
Islamabad, April 1, 2024 – Official data released on Monday revealed that Pakistan’s headline inflation surged by 20.7 percent year on year (YoY) in March 2024, reflecting ongoing challenges in the country’s economic landscape.
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FBR Surpasses Targets, Collects Rs 6.71 Trillion in 9MFY24
Islamabad, March 31, 2024 – The Federal Board of Revenue (FBR) announced a significant achievement on Sunday, revealing that it had successfully collected Rs 6.71 trillion in tax revenue during the first nine months (July – March) of the fiscal year 2023-24.
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FBR Issues SRO to Implement Tax Scheme for Small Traders and Shopkeepers
Karachi, March 30, 2024 – The Federal Board of Revenue (FBR) has taken a significant step towards facilitating small traders and shopkeepers with the issuance of SRO 457(I)/2024 to implement the Tajir Dost (Special) Procedure, 2024.
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SBP Extends Deadline for Import of Cash Dollars till June 30
Karachi, March 29, 2024 – The State Bank of Pakistan (SBP) has announced an extension to the deadline for the import of Cash US Dollars by exchange companies.
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LTO Karachi Achieves Historic Rs 13 Billion Single Tax Recovery
Karachi, March 28, 2024 – In a historic milestone for the Federal Board of Revenue (FBR), the Large Taxpayers Office (LTO) Karachi made biggest-ever tax recovery, amounting to approximately Rs 13 billion, from a taxpayer for defaulting on advance tax payments.
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SBP Grants Waiver of Biometric for Asaan Mobile Accounts
Karachi, March 28, 2024 – In a bid to enhance financial inclusivity and streamline digital banking processes, the State Bank of Pakistan (SBP) announced on Thursday a temporary waiver of biometric verification for Asaan Mobile Accounts (AMAs), marking a significant move towards facilitating easier access to financial services, particularly for women.
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Profit Repatriation by Foreign Investors Surges 237% in 8MFY24
Karachi, March 27, 2024 – The repatriation of profit and dividends by foreign investors operating in Pakistan has witnessed a remarkable surge, soaring by 237 percent during the first eight months (July – February) of the fiscal year 2023-24, according to official data released on Wednesday.
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FBR Declares Full Weekend Revenue Operations for March
Karachi, March 27, 2024 – In a move aimed at bolstering revenue collection efforts, the Federal Board of Revenue (FBR) has declared full working days during the last weekend of March 2024, suspending the usual observance of weekly holidays.
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