Islamabad, October 26, 2023 – In a significant development, officials of the Federal Board of Revenue (FBR) have been granted a duty exemption in the forthcoming general elections.
(more…)Author: Shahnawaz Akhter
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OICCI Announces Pakistan Climate Conference 2023 on November 1
Karachi, October 26, 2023 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has revealed details about the Pakistan Climate Conference (PCC) 2023, scheduled to take place on November 1, 2023.
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Standard Chartered Pakistan Achieves Record Rs 63 Billion Operating Profit
Karachi, October 26, 2023 – Standard Chartered Bank Pakistan has reported exceptional financial results, achieving a record profit before tax of Rs 63 billion for the nine months ending on September 30, 2023.
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Customs Agents Call for Legislation to Regulate Shipping Lines and Terminal Operators
Karachi, October 26, 2023 – In a move aimed at safeguarding the interests and rights of traders, customs agents, and other stakeholders, members of the Karachi Customs Agents Association (KCAA) have called upon the government to enact legislation to regulate shipping lines and terminal operators.
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Pakistan Witnesses Drop in Foreign Exchange Reserves by $257 Million
Karachi, October 26, 2023 – Pakistan has witnessed a drop in foreign exchange reserves by $257 million on a weekly basis, as reported in an official statement issued on Thursday.
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SBP Makes Biometric Verification Mandatory for All Branchless Banking Transactions
Karachi, October 26, 2023 – The State Bank of Pakistan (SBP) has taken a significant step to combat money laundering and terrorist financing by making biometric verification mandatory for all branchless banking (BB) transactions.
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Pakistan Reports Rs 963 Billion as Budget Deficit for First Quarter of FY24
Karachi, October 26, 2023 – Pakistan has announced a significant budget deficit of Rs 963 billion for the first quarter of the fiscal year 2023-24, highlighting the financial challenges the country faces.
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FBR Declines to Revise Tax Exemption on Salary Threshold
Islamabad, October 25, 2023 – The Federal Board of Revenue (FBR) has officially declared that it has no intentions to revise the current tax exemption threshold for salaried individuals, putting an end to speculation surrounding potential changes in tax policy.
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Karachi Tax Bar Highlights Misalignment of Debt and Credit Notes, Urges FBR’s Swift Action
Karachi, October 25, 2023 – The Karachi Tax Bar Association (KTBA) has raised a red flag concerning the misalignment of debt and credit notes within the framework of tax regulations.
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PKR Slides for Third Day in a Row, Closes at PKR 279.88 Against Dollar
Karachi, October 25, 2023 – The Pakistani Rupee experienced its third consecutive decline against the US dollar on Wednesday, signaling increased pressure on the country’s import payments.
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