Karachi, November 28, 2023 – Aamir Ghaziani, the Chief Financial Officer of K-Electric, expressed the company’s dedication to providing high-quality services as he announced the planned Rs 484 billion investment and the proposed addition of 1,200 MW of renewable energy.
(more…)Author: Shahnawaz Akhter
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Foreign Investors Confidence in Pakistan Remains Negative but Shows Improvement
Karachi, November 28, 2023 – The business confidence index of foreign investors in Pakistan continues to register negativity, according to a survey released on Tuesday.
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FBR Directs Stock Investors to Maintain Records for Verification in Tax Year 2024
Karachi, November 28, 2023 – The Federal Board of Revenue (FBR) has issued a directive to all investors in the Pakistan Stock Exchange (PSX) to maintain comprehensive records for the verification of liability discharge during the tax year 2024.
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FBR Unveils Sales Tax Recovery Procedure for Tax Year 2024
Karachi, November 28, 2023 – The Federal Board of Revenue (FBR) has announced the comprehensive procedure for the recovery of sales tax for the upcoming tax year 2024.
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Foreign Companies Repatriate Record $485.40 Million in Profits in 4MFY24, Marking 584% YoY Surge
Karachi, November 27, 2023 – Foreign companies operating in Pakistan have repatriated a staggering $485.40 million in profits and dividends during the first four months (July – October) of the fiscal year 2023-2024.
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Weekly Active Taxpayers List Hits Record High at 5.2 Million
KARACHI, November 27, 2023 – The Federal Board of Revenue (FBR) announced the release of the weekly Active Taxpayers List (ATL) on Monday, revealing a significant surge in the number of active taxpayers, setting a new record at 5.2 million by the week ending November 26, 2023.
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Rules Notified for Computation of Capital Gain or Loss in Pakistan for Tax Year 2024
Karachi, November 27, 2023 – Rules have been notified for computing capital gain or loss in Pakistan during tax year 2024. The Federal Board of Revenue (FBR) has announced the updated Income Tax Rule, 2002 for the tax year 2024, specifying the methodology for computing capital gains or losses in Pakistan.
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Sales Tax Act Empowers Taxpayers with Right to Appeal Against Inland Revenue Orders
Karachi, November 27, 2023 – The Federal Board of Revenue (FBR) has unveiled the updated Sales Tax Act, 1990 for the upcoming tax year 2024, providing taxpayers with the right to appeal against decisions or orders made by officers of the Inland Revenue.
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State Bank of Pakistan Aims to Implement Flexible Inflation Targeting Regime
Karachi, November 26, 2023 – The State Bank of Pakistan (SBP) has declared its intention to implement a flexible inflation targeting regime. This decision, outlined in the recently released five-year plan, underscores the SBP’s commitment to prioritizing price stability as the primary objective of monetary policy.
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FBR Releases Comprehensive List of Particulars for Depreciation Deduction in Tax Year 2024
Karachi, November 26, 2023 – The Federal Board of Revenue (FBR) has taken a significant step towards enhancing transparency and accuracy in tax reporting by issuing a detailed list of particulars required for claiming depreciation deduction during the tax year 2024.
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