Karachi, May 23, 2024 – The Fruit Juice Council (FJC) has urgently appealed to the Federal Board of Revenue (FBR) for the elimination of the 20% Federal Excise Duty (FED) in the forthcoming budget for 2024-25.
(more…)Author: Shahnawaz Akhter
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MTO Karachi Recovers Super Tax of Rs 607 Million from Maersk
Karachi, May 23, 2024 – In a landmark fiscal achievement, the Medium Tax Office (MTO) Karachi has effectuated the recovery of a colossal sum of Rs 607 million in super tax from Maersk, the globally eminent shipping and logistics conglomerate.
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UNISAME Calls for Bringing PayPal and Stripe to Pakistan
Karachi, May 23, 2024 – The Union of Small and Medium Enterprises (UNISAME) has urged the Pakistani government to expedite the introduction of PayPal and Stripe in the country to address the payment issues faced by start-ups and freelancers.
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SBP Weekly Forex Reserves Inch Up by $22 Million
Karachi, May 23, 2024 – The State Bank of Pakistan (SBP) has reported a modest increase in its official foreign exchange reserves, which rose by $22 million over the past week.
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FBR Issues List of Unverified Dates of Birth for Customs Officers
Karachi, May 23, 2024 — The Federal Board of Revenue (FBR) on Thursday released a list of customs officers whose dates of birth (DOB) remain unverified in official records.
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KCCI Proposes Measures to Combat Fraud by Foreign Suppliers
Karachi, May 23, 2024 — In a bid to protect importers from fraudulent activities by foreign suppliers, the Karachi Chamber of Commerce and Industry (KCCI) has presented a comprehensive plan to the tax authorities.
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ATIR Rules Super Tax Not Payable on FTR Income
Karachi, May 23, 2024 — In a significant ruling, the Appellate Tribunal Inland Revenue (ATIR), Karachi, has determined that super tax is not applicable to income falling under the Final Tax Regime (FTR) for exporters.
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OICCI Recommends Withholding Tax Exemption for Milk
Karachi, May 22, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended exempting milk from withholding tax in its proposals for the 2024-25 budget.
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OICCI Urges Revival of Zero-Rated Regime for Pharma Industry
Karachi, May 22, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has called for the restoration of the zero-rated regime for the pharmaceutical industry in its proposals for the upcoming budget 2024-25.
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FBR Directs IR Officials to Submit Documents for Age Verification
Islamabad, May 22, 2024 – The Federal Board of Revenue (FBR) has issued a directive on Wednesday, instructing officials of Inland Revenue (IR) to submit attested documents for age verification purposes.
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