Karachi, April 30, 2024 – Today marks the final call for shopkeepers and small traders across Pakistan to register under the newly launched Tajir Dost Scheme. The Federal Board of Revenue (FBR) introduced this initiative at the start of April 2024, providing a one-month window, which concludes today, for mandatory registration.
(more…)Author: Shahnawaz Akhter
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Repatriation of Profits and Dividends Skyrockets 256% in 9MFY25
Karachi, April 29, 2024 – A significant uptick has been observed in the repatriation of profits and dividends by foreign companies in Pakistan, with figures surging 256% in the period from July 2023 to March 2024.
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PTC Reports Domestic Volume Falls by 23% YoY in 1Q 2024
In a concerning revelation, Pakistan Tobacco Company (PTC) has announced a dramatic 23 percent decline in domestic sales volume for the first quarter of 2024, a stark contrast to the same period last year.
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Complaints Against Banks Surge by 21% in 2023
Karachi, April 29, 2024 – Banking Mohtasib Pakistan (BMP) revealed a 21% increase in complaints against commercial banks for the year 2023, as reported in a press conference held at the Institute of Bankers Pakistan.
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Pakistan Faces Rs 800 Billion Loss from IPR Violations
Karachi, April 29, 2024 – Pakistan economy suffered a substantial loss of approximately Rs 800 billion last year due to violations of intellectual property rights (IPR), according to a recent survey conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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APCMA Seeks Tax Rebate After Track and Trace System Fails
Karachi, April 29, 2024 – The All Pakistan Cement Manufacturers’ Association (APCMA) has called for a tax rebate from the government to compensate for the substantial investments made in the unsuccessful track and trace system (TTS).
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SBP Holds Policy Rate Steady at 22% Amid Economic Recovery
Karachi, April 29, 2024 – The State Bank of Pakistan (SBP) has decided to maintain its benchmark policy rate at 22 percent, the bank’s Monetary Policy Committee (MPC) announced after its meeting today.
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FBR Lists 4.07 Million Active Taxpayers, Reflecting Compliance
Islamabad, April 29, 2024 – In a significant development on Monday, the Federal Board of Revenue (FBR) published the names of 4.07 million citizens who have successfully filed their income tax returns, thereby securing their positions on the Active Taxpayers List (ATL) for the tax year 2023.
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Veteran Journalists Appointed to FPCCI Media Committee
Karachi, April 29, 2024 – In a significant move aimed at strengthening its media relations and public outreach, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has made key appointments to its Central Standing Committee on ‘Press and Electronic Media’ for the year 2024-2025.
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Pakistan Mulls Mandatory Tax Returns for Agricultural Income
In a move poised to overhaul the taxation system for agricultural income, Pakistan is strongly considering making it mandatory for earners of agricultural income to file their annual tax returns along with wealth statements.
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