Karachi, January 6, 2024 – Recent data released by the State Bank of Pakistan (SBP) indicates a significant shift in Pakistan’s financial landscape, with the country increasingly adopting digital payments and moving away from traditional paper or cash-based transactions.
(more…)Author: Shahnawaz Akhter
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RTO Lahore Leads Highest Number of Active Taxpayers in 2023
Karachi, January 6, 2024 – The Regional Tax Office (RTO) Lahore has emerged as the frontrunner in registering the highest number of active taxpayers, securing the top spot among various tax offices in Pakistan.
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LTO Karachi Emerges as Top Performer in Tax Collection in 2023
Karachi, January 6, 2024 – In a remarkable achievement, the Large Taxpayers Office (LTO) Karachi has secured the top position in tax collection among the offices of the Federal Board of Revenue (FBR) in Pakistan.
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FBR’s 2023 Audit Performance: Bleak with 1% Recovery
Karachi, January 5, 2024 – The annual performance report of the Federal Board of Revenue (FBR) for the tax year 2023 has revealed a bleak picture, indicating only a one percent recovery out of the total demand created through audits.
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Pakistan Central Government Debt Reaches Rs 63.4 Trillion
Karachi, January 5, 2024 – Pakistan Central Government’s debt situation has been revealed in the latest figures, indicating a total debt of Rs 63.4 trillion as of November 2023.
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Pakistan Customs Unveils Conditions for Drawback Repayment
Karachi, January 5, 2024 – Pakistan Customs has established a set of conditions for the repayment of drawback on the export of imported goods during the tax year 2024.
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FBR Unveils 2024 Tax Rates on Rental Income
Karachi, January 5, 2024 – The Federal Board of Revenue (FBR) has released the much-anticipated tax rates on rental income for the tax year 2024, outlining a progressive structure aimed at ensuring a fair and equitable taxation system.
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SRB Issues Fresh Guidelines to Banks on Sales Tax Payment
Karachi, January 4, 2024 – The Sindh Revenue Board (SRB) has recently issued updated guidelines to banks concerning the payment of sales tax on services in the province.
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SBP Witnesses $1.26 Billion Fortnight Surge in Forex Reserves
Karachi, January 4, 2024 – The State Bank of Pakistan (SBP) has reported a remarkable surge in foreign exchange reserves, with an increase of $1.26 billion in just 15 days.
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FBR Sets Strict Deadline for Customs Duty Refund Claims
Karachi, January 4, 2024 – The Federal Board of Revenue (FBR) has taken a decisive step by announcing that it will reject refund claims of customs duty if filed after one year.
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