Karachi, April 17, 2024 – The State Bank of Pakistan (SBP) has wielded its regulatory authority, imposing a hefty penalty of Rs 776 million on several banks and an exchange company for breaching regulations during the first quarter of 2024, which ended on March 31.
(more…)Author: Shahnawaz Akhter
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United Bank Reports 11.54% Profit Growth in First Quarter of 2024
Karachi, April 17, 2024 – United Bank Limited (UBL) announced an 11.54 percent increase in profit after tax for the first quarter ending March 31, 2024, according to consolidated financial results submitted to the Pakistan Stock Exchange (PSX) on Wednesday.
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Pakistan Sets $0.50 per kg Customs Value for Soyabean Meal
Karachi, April 16, 2024 – In a significant move aimed at regulating the import of soyabean meal into Pakistan, authorities have announced the establishment of a customs value of $0.50 per kg for the determination of duty and taxes.
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How to Pay FBR Surcharge Online for ATL Inclusion
The Federal Board of Revenue (FBR) has introduced a streamlined process to assist taxpayers in fulfilling their obligations and securing a spot on the coveted Active Taxpayers List (ATL).
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ATL Surges to 3.93 Million Amidst Crackdown Fear
Islamabad, April 16, 2024 – In a recent update from the Federal Board of Revenue (FBR), the active taxpayers list (ATL) has seen a substantial surge, reaching a notable 3.93 million individuals.
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Pakistan’s Forex Reserves Witness Growth, Reach $13.44 Billion
Karachi – Pakistan’s foreign exchange reserves have seen a notable increase, rising by $62 million to $13.44 billion by the week ending April 5, 2024.
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FBR Implements Rules for International Oil Suppliers
Karachi, April 15, 2024 – The Federal Board of Revenue (FBR) has taken significant steps towards streamlining the operations of international oil suppliers in Pakistan by implementing rules under the Customs Bonded Facilities Rules, 2024.
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FBR Extends Sales Tax Return Filing Deadline to April 22, 2024
Islamabad, April 15, 2024 – The Federal Board of Revenue (FBR) has announced an extension of the deadline for filing monthly sales tax returns, providing relief to taxpayers across the country.
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Alter Your Income Tax Return Within Five Years
The Federal Board of Revenue (FBR) has granted taxpayers to alter their income tax returns within a five-year timeframe from the date of the original filing for a specific tax year.
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PSX Brokers Call for Tax Relief to Boost Market Competitiveness
Karachi, April 14, 2024 – Brokers at the Pakistan Stock Exchange (PSX) are making a plea for a more lenient tax framework on brokerage and commission as the country prepares for the 2024-25 budget.
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