PkRevenue.com – The Union of Small and Medium Enterprises (UNISAME) has called on the government to empower the Small and Medium Enterprises Development Authority (SMEDA) to effectively address the issues facing the SME sector.
(more…)Author: Shahnawaz Akhter
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Pakistan Stock Braces for Potential Tax Hike in 2024-25 Budget
PkRevenue.com – Pakistan stock market is jittery over rumors of an increase in capital gains tax (CGT) and dividend tax in the upcoming budget.
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Sarim Burney Arrested on Human Trafficking Charges
PkRevenue.com – Sarim Burney, a well-known social activist and chairman of the Sarim Burney Welfare Trust, was arrested by the Anti-Human Trafficking Police upon his arrival in Karachi from the United States.
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FBR Proposes Reduction of Sales Tax Exemptions in Budget
PkRevenue.com – In a significant development ahead of the federal budget for 2024-25, Tax Managers from the Federal Board of Revenue (FBR) have put forward a recommendation to curtail sales tax exemptions.
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FPCCI Demands Lower Interest Rates and Power Tariff
PkRevenue.com – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to reduce interest rates and electricity tariffs to revive the country’s struggling industrial sector.
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IRS Officers Association Elects Office Bearers for Term 2024-26
PkRevenue.com – The Association of Inland Revenue Service (IRS) Officers has elected new office bearers for the term 2024-26. The election, held on Wednesday, saw a robust participation from members, resulting in the election of a dynamic leadership team to steer the association forward.
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KCCI Appeals to PM, Army Chief to Address Karachi Target Killings
PkRevenue.com – The President of the Karachi Chamber of Commerce & Industry (KCCI), Iftikhar Ahmed Sheikh, has voiced grave concerns over the escalating incidents of target killings in Karachi.
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LHC Rules Against Retrospective Super Tax for Tax Year 2022
PkRevenue.com – The Lahore High Court (LHC) has declared that the super tax under Section 4C of the Income Tax Ordinance, 2001, cannot be imposed retrospectively on companies and individuals for the tax year 2022.
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Pakistan Witnesses 9% Dip in Petroleum Sales During 11MFY24
PkRevenue.com — Pakistan has recorded a 9 percent decline in petroleum sales during the first 11 months (July–May) of the fiscal year 2023-24 compared to the same period in the previous fiscal year.
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FBR Portal Glitches Hamper Sales Tax Registration: KTBA
PkRevenue.com — The Karachi Tax Bar Association (KTBA) has raised concerns about technical issues on the Federal Board of Revenue (FBR) portal that are hindering the sales tax registration process.
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