Islamabad, November 1, 2023 – Pakistan has reported a remarkable reduction in its trade deficit, with a 35 percent decrease in the first four months (July – October) of the fiscal year 2023-24, according to official figures released by the Pakistan Bureau of Statistics (PBS).
(more…)Author: Shahnawaz Akhter
-
Taxpayers Seek Deadline Extension as FBR Receives 2.9 Million Tax Returns
Karachi, November 1, 2023 – As the Federal Board of Revenue (FBR) received 2.9 million tax returns by the October 31, 2023 deadline for tax year 2023, taxpayers are now clamoring for an extension to the filing deadline.
(more…) -
FBR May Grant Another Return Filing Extension For Tax Year 2023
Karachi, October 31, 2023 – The Federal Board of Revenue (FBR) is on the verge of granting another extension for the return filing deadline for the tax year 2023, which was initially set for October 31, 2023.
(more…) -
Sindh High Court Grants Interim Relief in Section 7E of Income Tax Ordinance
KARACHI, October 30, 2023 — In a significant development concerning income tax regulations in Pakistan, the Sindh High Court (SHC) has granted interim relief in a case related to deemed income under Section 7E of the Income Tax Ordinance, 2001.
(more…) -
Pakistan Maintains Benchmark Interest Rate at 22% on Easing Inflation Expectations
Karachi, October 30, 2023 – Pakistan has chosen to uphold the benchmark interest rate at 22 percent, anticipating a substantial decline in inflation. In a statement released by the State Bank of Pakistan (SBP) on Monday, the Monetary Policy Committee (MPC) cited their outlook for a decreasing inflation trend.
(more…) -
Pakistan’s Headline Inflation Expected to Ease to 26.57% in October 2023
Karachi, October 30, 2023 – Analysts at Insight Research anticipate that Pakistan’s headline inflation is likely to ease to 26.57 percent in October 2023.
(more…) -
Dollar Dominates Against Pakistani Rupee for Sixth Consecutive Session, Reaching PKR 280.95
Karachi, October 30, 2023 – The US dollar maintained its dominance for the sixth consecutive session against the Pakistani Rupee (PKR), closing at PKR 280.95.
(more…) -
Lahore Tax Bar Demands One-Month Extension in Return Filing Deadline
Lahore, October 30, 2023 – The Lahore Tax Bar Association (LTBA) has formally called for a one-month extension in the return filing deadline and voiced concerns over issues plaguing the online portal for income tax return filing.
(more…) -
Active Taxpayers List in Pakistan Reaches Record 4.98 Million
Karachi, October 30, 2023 –Active Taxpayers List (ATL) in Pakistan has reached a historic high of 4.98 million taxpayers as of October 29, 2023, according to official data released by the Federal Board of Revenue (FBR).
(more…)
