Karachi, March 23, 2024 – The retail sector in Pakistan is set to receive a significant boost as the Federal Board of Revenue (FBR), the country’s apex tax authority, announced a series of incentives aimed at providing relief to retailers from mandatory online integration with tax authorities.
(more…)Author: Shahnawaz Akhter
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PSX Proposes Tax Credit Restoration for Share Investments
The Pakistan Stock Exchange (PSX) has proposed to the authorities the restoration of tax credits in the budget for 2024-25 concerning investments in shares.
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FBR Unveils New Tax Scheme for Small Traders and Shopkeepers
Islamabad, March 22, 2024 – The Federal Board of Revenue (FBR) has taken a significant step to ease tax burdens on small traders and shopkeepers by introducing a new ‘Tajir Dost Scheme,’ aiming to streamline tax procedures and promote compliance within this sector.
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FBR Exempts Numerous Businesses from Mandatory Integration
Islamabad, March 22, 2024 – In a bid to promote ease of doing business and accommodate diverse sectors of the economy, the Federal Board of Revenue (FBR) introduced exemptions from mandatory online integration for certain businesses.
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FBR Issues Fresh Procedure for Mobile Phone Registration
Islamabad, March 22, 2024 – The Federal Board of Revenue (FBR) unveiled a new procedure for the registration of mobile phones, aiming to streamline the process and ensure compliance with regulatory standards.
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Pakistan Tax Bar Raises Concerns Over SRO 350 of 2024
Karachi, March 22, 2024 – The Pakistan Tax Bar Association (PTBA) has voiced reservations regarding the implications of SRO 350 of 2024, recently notified by the Federal Board of Revenue (FBR).
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PSX Proposes 50% Tax Credit to Listed SMEs in Budget 2024-25
Karachi, March 22, 2024 – The Pakistan Stock Exchange (PSX) has put forward a significant proposal aimed at bolstering the small and medium enterprise (SME) sector in the country.
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FBR Introduces SWAPS Rules for Digital Invoicing Enforcement
Islamabad, March 21, 2024 – The Federal Board of Revenue (FBR) has taken a significant step towards enhancing tax transparency and combating evasion with the introduction of rules for the Synchronized Withholding Administration and Payment System (SWAPS).
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Bank Alfalah Contemplates Quarterly Dividend Payouts
Bank Alfalah Limited, one of Pakistan’s leading banks, is considering a shift towards quarterly dividend payouts, reflecting a move in line with current market dynamics.
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Pakistan Registers $240 Million Increase in Weekly Forex Reserves
Karachi, March 21, 2024 – Pakistan has seen a notable surge in its foreign exchange reserves, recording a $240 million increase for the week ended March 15, 2024.
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