Islamabad, July 28, 2024 – Business individuals are required to file their annual returns for the tax year 2024 based on the tax rates updated until June 30, 2024, as released by the Federal Board of Revenue (FBR).
(more…)Author: Shahnawaz Akhter
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FBR Notifies Tax Rates on Electricity Consumption for 2024-25
Karachi, July 27, 2024 – The Federal Board of Revenue (FBR) has announced the new income tax rates on electricity consumption for the fiscal year 2024-25. The updated rates are part of the amendments made to the Income Tax Ordinance, 2001 through the Finance Act, 2024.
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Salary Income Slabs for Tax Year 2024 Return Filing
Karachi, July 27, 2024 – As the deadline for filing income tax returns for the tax year 2024 approaches, salaried individuals are grappling with understanding which salary slabs to apply.
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Pakistan Stocks Likely to Stay Positive on Rate Cut Anticipation
Karachi, July 27, 2024 – Analysts at Arif Habib Limited forecast a positive outlook for Pakistan stocks in the upcoming week, driven by the expectation of a policy rate cut at the monetary policy meeting scheduled for July 29, 2024.
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FBR Simplifies Active Taxpayer Status Verification
Karachi, July 27, 2024 – The Federal Board of Revenue (FBR) has implemented new, streamlined methods for taxpayers to verify their active status, which is essential for availing tax benefits. Individuals and businesses can now easily confirm their eligibility through several accessible channels.
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Policy Announcement: SBP May Surprise Market
Karachi, July 27, 2024 – The State Bank of Pakistan (SBP) is poised to potentially surprise market expectations with a rate cut in its upcoming policy announcement on July 29, 2024.
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Pakistan Stock Exchange Extends Losses with 440 Points Drop
Karachi, July 26, 2024 – The Pakistan Stock Exchange (PSX) witnessed a further decline on Friday, with the benchmark KSE-100 index falling by 440 points. The index closed at 78,029 points, down from the previous day’s closing of 78,469 points, marking a significant drop of -0.56%.
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SSGC Completes Dedicated Gas Pipeline for SITE Industries
Karachi, July 26, 2024 – Sui Southern Gas Company (SSGC) has achieved a significant milestone by laying a dedicated 24-inch diameter, 31-kilometer-long high-pressure gas pipeline exclusively for the industrial consumers in the SITE area of Karachi.
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SRB Imposes 15% Sales Tax on Call Center Services
Karachi, July 26, 2024 – The Sindh Revenue Board (SRB) has announced the imposition of a 15% sales tax on services provided by call centers for the tax year 2024-25.
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Sindh Grants Sales Tax Exemption for Construction Services
Karachi, July 26, 2024 – The Sindh government has announced a significant exemption of sales tax on services rendered by construction companies, subject to specific conditions, in a move aimed at stimulating the construction sector and facilitating growth.
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