Karachi, March 26, 2024 – Unilever Pakistan Foods Limited, in its latest report released on Tuesday, has underscored the daunting economic and operational hurdles expected in the near term.
(more…)Author: Shahnawaz Akhter
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FLYING INVOICES: LTO Karachi Unearths Rs 5 Billion Tax Evasion
Karachi, March 26, 2024 – The Large Taxpayers Office (LTO) Karachi has uncovered a staggering sales tax evasion scheme, amounting to a loss of Rs 5 billion to the national treasury through the issuance of fake and flying invoices.
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Pakistan Amends Policy for Importing New Vehicles
Islamabad, March 25, 2024 – Pakistan has introduced amendments to the policy governing the import of new motor vehicles into the country, signaling significant changes in regulations.
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FBR Transfers 34 Customs Officers in Major Shakeup
In a significant administrative shakeup, the Federal Board of Revenue (FBR) has announced the transfer and appointment of 34 senior customs officers across various positions.
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FBR Records 0.4 Million New Active Taxpayers in March 2024
Karachi, March 25, 2024 – The Federal Board of Revenue (FBR) has announced a significant milestone with the addition of 400,000 new active taxpayers in March 2024.
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NCCPL to Collect February 2024 Capital Gain Tax on March 29
Karachi, March 25, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) has announced that it will be collecting capital gain tax (CGT) on Friday, March 29, 2024.
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Philip Morris Pakistan Faces 86% Decline in Income for 2023
Philip Morris (Pakistan) Limited, a prominent international tobacco company, has reported a staggering 86 percent decline in its total income for the fiscal year 2023.
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PSX Urges Tax Exemption without Sunset Clause to Private Funds
Karachi, March 25, 2024 – The Pakistan Stock Exchange (PSX) urged authorities to provide tax exemption to private funds without the imposition of a sunset clause in the upcoming federal budget 2024-25.
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FBR Initiates Tax Collection under Tajir Dost Scheme from July 15
Karachi, March 24, 2024 – The Federal Board of Revenue (FBR) will initiate tax collection under the newly proposed Tajir Dost Scheme for small traders and shopkeepers starting on July 15, 2024.
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Business Tax Integration Expanded Across Pakistan
Karachi, March 23, 2024 – Pakistan has taken a significant stride in integrating business enterprises in real-time through its portal for documenting transactions nationwide.
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