Karachi, January 2, 2024 – Pakistan has released the salary tax rates for the tax year 2024, outlining a progressive taxation structure.
(more…)Author: Shahnawaz Akhter
-
FBR Extends Deadline for HS Code List Recommendations
Islamabad, January 2, 2024 – The Federal Board of Revenue (FBR) has extended the deadline for submitting recommendations for the Harmonized System (HS) Code List until January 10, 2024.
(more…) -
Pakistan’s Import Bill Plunges by 16.28% in 1HFY24
Islamabad, January 2, 2024 – Pakistan’s import bill has witnessed a substantial decline of 16.28 percent during the first half (July – December) of the fiscal year 2023-24, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday.
(more…) -
LTO Karachi Posts 35% Growth in December Tax Collection
Karachi, January 2, 2024 – The Large Taxpayers Office (LTO) in Karachi, the foremost tax collection agency of the Federal Board of Revenue (FBR) in Pakistan, has achieved an outstanding 35 percent growth in revenue collection for the month of December 2023 compared to the same month the previous year.
(more…) -
FBR Recovers Rs 4.5 Billion in Tax From Multinational Company
Karachi, January 2, 2024 – The Federal Board of Revenue (FBR) has successfully recovered an outstanding tax amount of Rs 4.5 billion from a multinational company (MNC).
(more…) -
KSE-100 Index Rings in New Year with Remarkable 3.54% Surge
Karachi, January 1, 2024 – The Pakistan Stock Exchange (PSX) experienced a jubilant start to the New Year as the benchmark index, KSE-100, celebrated with a robust gain of 3.54%, marking the second-highest single-day increase in its history.
(more…) -
Pakistan Customs Unveils Value of Exported Goods for 2024
Karachi, January 1, 2024 – Pakistan Customs has officially released the customs value of exported goods for the tax year 2024, as outlined in the updated Customs Act of 1990.
(more…) -
SRB Achieves Remarkable 35% Growth in Half-Year Collection
Karachi, January 1, 2024 – The Sindh Revenue Board (SRB) has reported an extraordinary 35 percent growth in revenue collection for the first half (July – December) of the fiscal year 2023-24, marking a significant milestone in the province’s fiscal performance.
(more…) -
FBR Achieves Historic Rs 1 Trillion Mark in Single Month
Karachi, December 31, 2023 – The Federal Board of Revenue (FBR), the apex tax collecting agency of Pakistan, has set a historic record by collecting Rs 1 trillion in a single month for the first time in the nation’s history.
(more…) -
FBR Unveils New Car Purchase Tax Rates for 2024
Karachi, December 31, 2023 — The Federal Board of Revenue (FBR) has announced the tax rates applicable to new car purchases for the tax year 2024, with significant disparities between individuals listed on the Active Taxpayers List (ATL) and those not on the list.
(more…)