Karachi, July 24, 2024 – The Sindh Revenue Board (SRB) has unveiled a tax card detailing the sales tax rates on banking services for the tax year 2024-25. This release follows amendments made through the provincial Finance Act, 2024.
(more…)Author: Shahnawaz Akhter
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SRB Slaps 15% Sales Tax on Insurance Services
Karachi, July 24, 2024 – The Sindh Revenue Board (SRB) has imposed a 15 percent sales tax on insurance services provided within the Sindh province, effective immediately.
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PBC Raises Concerns Over Ambitious $65 Billion Export Target
Karachi, July 24, 2024 – The Pakistan Business Council (PBC), a leading advocacy group for Pakistani businesses, has expressed reservations about the government’s ambitious export target of $65 billion to be achieved within the next three years.
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Salaried Class Takes to Streets Against Tax Hikes in Pakistan
Karachi – Members of the newly formed Salaried Class Alliance staged a protest in Karachi on Tuesday, July 22, 2024, denouncing the increased tax burden imposed on salaried individuals in the recently unveiled budget.
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FBR Unveils Fixed Tax Rates for Karachi Shopkeepers
Karachi, July 23, 2024 – The Federal Board of Revenue (FBR) has announced fixed tax rates for shopkeepers in various areas of Karachi under the Tajir Dost Scheme. The rates were formalized through SRO 1064(I)/2024 issued on July 22, 2024.
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SBP Outlines Monetary Policy Meeting Schedule Till Dec 2024
Karachi, July 23, 2024 – The State Bank of Pakistan (SBP) has unveiled the schedule for its Monetary Policy Committee (MPC) meetings until December 2024, setting the stage for key decisions that will shape the country’s economic landscape. The central bank is scheduled to convene four times during this period.
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FBR Mandates Submission of FY24 Asset Declarations for Officials
Islamabad, July 23, 2024 – The Federal Board of Revenue (FBR) on Tuesday issued a directive requiring all its officers and officials to submit their declarations of assets and liabilities for the fiscal year 2023-24.
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Bulls Return to PSX with 448-Point Gain in KSE-100 Index
Karachi, July 23, 2024 – The Pakistan Stock Exchange (PSX) saw a resurgence of bullish sentiment on Tuesday, with the benchmark KSE-100 index recording a significant gain of 448 points.
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Digital Payments Enjoy 8% Sales Tax Benefit: SRB
Karachi, July 23, 2024 – The Sindh Revenue Board (SRB) has issued a clarification today, dispelling rumors about the withdrawal of the reduced 8% sales tax rate for restaurant services paid through digital channels.
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Sindh Grants Conditional Sales Tax Exemption to Beauty Parlors
Karachi, July 23, 2024 – The Sindh government has announced a conditional sales tax exemption for services provided by beauty parlors and beauty clinics, according to the Sindh Revenue Board (SRB).
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