Karachi, January 29, 2024 – Mari Petroleum Company Limited (MPCL) has reported a remarkable 57% increase in net profit for the first half (July – December) of the fiscal year 2023-24.
(more…)Author: Shahnawaz Akhter
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Analysts Anticipate Inflation Easing to 27.3% in January 2024
Karachi, January 29, 2024 – Analysts from Arif Habib Limited are forecasting a decline in the year-on-year (YoY) headline inflation rate for January 2024 to 27.3%.
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Pakistan Achieves New Record of 5.6 Million Active Taxpayers
Karachi, January 29, 2024 – In a milestone for fiscal governance, official data released on Monday revealed that the number of active taxpayers in Pakistan has soared to a new high of 5.6 million, as per the updated weekly Active Taxpayers List (ATL) for tax year 2022.
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Guide to Filing Appeals Before Customs Appellate Tribunal
Karachi, January 28, 2024 – The revised Customs Act, 1969 has outlined a comprehensive procedure for filing appeals before the Customs Appellate Tribunal, offering clear guidelines for individuals and Customs officers aggrieved by certain orders.
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Tax Year 2024 Return Forms Set for Release by January 31
Karachi, January 28, 2024 – The Federal Board of Revenue (FBR) is mandated by income tax laws to release the final return forms for Tax Year 2024 by January 31, 2024.
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PTBA Warns FBR Against Abuse of Assessment Powers
Karachi, January 27, 2024 – The Pakistan Tax Bar Association (PTBA) has issued a stern warning to the Federal Board of Revenue (FBR) concerning the alleged abuse of assessment powers by tax authorities.
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Updated Customs Act Unveils Prerequisites for Appellate Tribunal
Karachi, January 27, 2024 – The recently updated Customs Act, 1969, for the Tax Year 2024, has brought forth crucial details regarding the establishment of the Customs Appellate Tribunal.
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Foreign Profit Repatriation Surges 161% Before Pakistan Elections
Karachi, January 27, 2024 – In a startling revelation, official data released by the State Bank of Pakistan (SBP) on Friday disclosed a staggering 161 percent surge in foreign profit and dividend repatriation from Pakistan in the first half of the fiscal year 2023-24.
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Pakistan Reduces Profit Rates on Key Saving Certificates
Karachi, January 26, 2024 – In a move that has financial circles buzzing, the Pakistan has announced a significant reduction in profit rates on key saving certificates, effective from Friday, January 26, 2024.
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Sindh Sales Tax Rates on Shipping Services in 2024
Karachi, January 26, 2024 – The Sindh Revenue Board (SRB) has recently released the updated sales tax rates on services provided or rendered by shipping agents in the province of Sindh for the tax year 2024.
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