Islamabad, February 7, 2024 – The Federal Board of Revenue (FBR) in Pakistan has unveiled new rules for international oil suppliers, specifically addressing the import of crude oil and other petroleum products through customs bonded storage facilities.
(more…)Author: Shahnawaz Akhter
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SRB Unveils 2024 Tax Rates for Professional Services in Sindh
Karachi, February 7, 2024 – The Sindh Revenue Board (SRB) has released the tax rates applicable to services provided by professionals and consultants for the tax year 2024.
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Attock Petroleum Records 41% Profit Growth in 1HFY24
Karachi, February 6, 2024 – Attock Petroleum Limited (APL) announced a substantial 41% growth in profit for the first half (July – December) of the fiscal year 2023-24, showcasing robust financial performance and strategic resilience in a dynamic market.
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PPL Commits to Funding Balochistan’s Share in BLZ Project
Karachi, February 7, 2024 – Pakistan Petroleum Limited (PPL) has taken a significant step towards supporting the development of the Balochistan region by deciding to fund the government’s share of capital contribution in the BLZ Project.
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MCB Bank Achieves Record Profits and Dividends in Year 2023
Karachi, February 6, 2024 – MCB Bank, one of Pakistan’s leading financial institutions, has announced its highest-ever profit and dividends for the calendar year 2023, according to analysts at Arif Habib Limited.
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FPCCI Opposes Proposed Export Ban on Minerals and Marbles
Karachi, February 7, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has issued a vehement opposition to the proposed export ban on minerals and marbles, as approved by the Senate Standing Committee on Commerce.
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Guide on Importing Vehicles into Pakistan during 2024
Pakistan has taken significant strides in streamlining the vehicle importation process for overseas Pakistanis in 2024 through the implementation of the Import Policy Order 2022.
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SRB Outlines Tax Rates on Banking Services for Tax Year 2024
Karachi, February 5, 2024 – The Sindh Revenue Board (SRB) has outlined the sales tax rates on various services provided by banks for the tax year 2024.
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JS Bank Fined Rs 45.51 Million by SBP for Regulatory Violations
Karachi, February 5, 2024 – JS Bank, a prominent financial institution in Pakistan, has incurred a monetary penalty of Rs 45.51 million for regulatory violations during the calendar year 2023.
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Pakistan Source Income Defined for Tax Year 2024 by FBR
Karachi, February 5, 2024 – The Federal Board of Revenue (FBR) in Pakistan has delineated the parameters for Pakistan source income for the tax year 2024, providing a comprehensive framework for the calculation of annual tax liabilities.
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