PkRevenue.com – The Securities and Exchange Commission of Pakistan (SECP) has proposed the revival of tax credits for investments in initial public offerings (IPOs). The proposal is part of SECP’s recommendations for the 2024-25 federal budget.
(more…)Author: Shahnawaz Akhter
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FBR Transfers Key Lahore Tax Officers in Surprise Shakeup
PkRevenue.com – In an unexpected move just days before the federal budget presentation, the Federal Board of Revenue (FBR) has transferred key officials from the Large Taxpayers Office (LTO) in Lahore to the administrative pool.
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OCAC Urges Urgent KOIA Repairs Ahead Strong Karachi Monsoon
PkRevenue.com – The Oil Companies Advisory Council (OCAC) has made an urgent appeal to Karachi Mayor Murtaza Wahab for the immediate repair of the Keamari Oil Installation Area (KOIA) in anticipation of a particularly strong monsoon season expected to begin in June 2024.
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KTBA Elects Office Bearers and EC Members for Term 2024
Karachi, May 30, 2024 – The Karachi Tax Bar Association (KTBA) has announced the names of its newly elected office bearers and executive committee (EC) members for the term ending September 30, 2024.
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Steel Industry Representatives Meet Finance Minister
PkRevenue.com – On Thursday, representatives from the steel industry met with Finance Minister Muhammad Aurangzeb to discuss proposals for the upcoming 2024-25 budget.
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FBR Suggests New CGT on Non-Residents’ Capital Assets
PkRevenue.com – In a move aimed at tightening tax regulations, the Federal Board of Revenue (FBR) has proposed the imposition of capital gains tax (CGT) on the disposal of capital assets by non-residents.
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UNISAME Fears More Tax Burden Will Cripple SME Sector
PkRevenue.com – Zulfikar Thaver, President of the Union of Small and Medium Enterprises (UNISAME), has expressed grave concerns over potential new tax burdens in the upcoming 2024-25 budget, warning that additional taxes could severely cripple the already struggling SME sector.
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Government Borrowing from Banks Nears Rs 7 Trillion Mark
PkRevenue.com – Government borrowing from banks in Pakistan has surged to unprecedented levels, nearing a staggering Rs 7 trillion. Data from the State Bank of Pakistan (SBP) revealed that between July 1, 2023, and May 17, 2024, the federal government borrowed Rs 6.795 trillion.
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IRS Comrades Pledge Dedication to FBR Officers’ Welfare
PkRevenue.com – The Comrades Panel of the Inland Revenue Service (IRS) Officers Group, vying in the upcoming organizational election for the 2024-26 term, has vowed to champion the welfare of Federal Board of Revenue (FBR) officers.
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Hutchison Ports Pakistan Welcomes Largest Container Vessel
PkRevenue.com – Hutchison Ports Pakistan marked a historic milestone as it welcomed the maiden call of the CV MSC ANNA, the largest container vessel ever to berth in Pakistan.
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