Karachi, April 5, 2024 – The Federal Board of Revenue (FBR) has issued a directive prohibiting its officials from engaging directly with the media, sparking debates over transparency and accountability within the organization.
(more…)Author: Shahnawaz Akhter
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Gallup Survey Finds Improved Business Confidence on New Govt
Karachi, April 5, 2024 – A survey conducted by Gallup Pakistan has unveiled a notable uptick in business confidence attributed to the efforts of the new government in Pakistan towards economic revival.
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IMF Board to Decide on $1.1 Billion Tranche for Pakistan Late April
The International Monetary Fund (IMF) is poised to make a crucial decision regarding Pakistan’s financial assistance, with the Executive Board set to deliberate on the approval of a $1.1 billion tranche by the end of April.
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FBR Grants Electricity Tax Adjustment Under Tajir Dost Scheme
In a bid to provide relief to small-scale retailers and traders, the Federal Board of Revenue (FBR) has announced a significant tax adjustment on electricity bills.
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Pakistan’s Foreign Exchange Reserves Decline by $49 Million
Karachi, April 4, 2024 – Pakistan has experienced a decline of $49 million in its foreign exchange reserves for the week ending March 29, 2024, according to official data released on Thursday.
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PTBA Urges Early Appointments of Tribunal Members
Karachi, April 4, 2024 – The Pakistan Tax Bar Association (PTBA) on Thursday called upon the government to expedite the process of appointing members to the Appellate Tribunal of Inland Revenue (ATIR), highlighting concerns over the impending vacancies and its potential impact on the dispensation of justice and economic activities.
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FBR Launches Pakistan Honour Card Scheme for Taxpayers
The Federal Board of Revenue (FBR) has introduced a groundbreaking initiative aimed at recognizing and rewarding the nation’s diligent taxpayers. In a recent development, the FBR issued a Statutory Regulatory Order (SRO) on Thursday, marked as SRO 469(I)/2024 dated April 3, 2024, to inaugurate the “Pakistan Honour Card Scheme.”
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Engro Strikes Deal for Sale of Thermal Energy Assets
April 04, 2024, Karachi: Engro Energy Limited, a subsidiary of Engro Corporation Limited, has recently inked a significant Share Purchase Agreement (SPA) with Liberty Power Holding (Pvt.) Limited and a consortium, marking the sale of its thermal energy assets portfolio.
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SBP Sells Rs 558 Billion Treasury Bills, 148% Above Target
Karachi, April 3, 2024 – The State Bank of Pakistan (SBP) made waves in the financial market on Wednesday as it conducted a highly successful auction, selling treasury bills worth a staggering Rs 558 billion.
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FBR to Penalize Shopkeepers and Traders for Registration Failure
Karachi, April 3, 2024 – The Federal Board of Revenue (FBR) has instituted a penalty of Rs 10,000 for shopkeepers and traders who fail to comply with income tax registration requirements, as part of its concerted efforts to bring the large undocumented retail sector into the tax net.
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