The Karachi Tax Bar Association (KTBA) has raised concerns and called for the removal of the condition requiring the reporting of HS codes in sales tax returns.
(more…)Author: Shahnawaz Akhter
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MCB Bank Reports Unprecedented 134% Surge in Nine-Month Profit
Karachi, October 25, 2023 – MCB Bank, a prominent financial institution in Pakistan, has made a stunning announcement with a remarkable 134 percent growth in after-tax profit for the nine-month period ending on September 30, 2023.
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UBL Announces Massive 126% Profit Growth in Third Quarter of 2023
Karachi, October 25, 2023 – United Bank Limited (UBL), one of Pakistan’s leading financial institutions, has reported a staggering 126 percent year-on-year (YoY) profit growth in the third quarter of 2023, ending on September 30.
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FBR Achieves Remarkable 41% Growth in Tax Collection from Salaries in FY23
Karachi, October 25, 2023 – The Federal Board of Revenue (FBR), Pakistan’s premier tax collection agency, has achieved a remarkable 41 percent growth in tax collection from salaries during the fiscal year 2022-23, based on official data.
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FBR and KTBA Deliberate Return Filing Challenges as Deadline Nears
KARACHI, October 24, 2023 – The Federal Board of Revenue (FBR) and the Karachi Tax Bar Association (KTBA) convened on Tuesday to deliberate on challenges surrounding the filing of tax returns for the tax year 2023.
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SBP Updates List of Eligible Audit Firms for Banks and Financial Institutions
KARACHI, October 25, 2023 – The State Bank of Pakistan (SBP) has recently made updates to the list of eligible audit firms for conducting audits of banks and financial institutions.
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SBP Penalizes Four Commercial Banks with Rs 83.16 Million for Regulatory Violations
Karachi, October 24, 2023 – The State Bank of Pakistan (SBP) has taken strict measures against four commercial banks, imposing a total monetary penalty of Rs 83.16 million due to regulatory violations.
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Merchants Voice Concerns Over Anti-Dumping Duty on Polyester Yarn
Karachi: The Pakistan Yarn Merchants Association (PYMA) has raised concerns over the imposition of an anti-dumping duty on the import of polyester filament yarn (PFY).
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Furniture Exporters Seek KCCI’s Assistance Against Pakistan Customs Raids
Karachi, October 24, 2023 – Furniture exporters have sought support from the Karachi Chamber of Commerce and Industry (KCCI) to address the mounting concerns regarding an increasing number of raids conducted by Pakistan Customs.
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BankIslami Pakistan Records Remarkable 196% Profit Growth in First 9 Months of 2023
Karachi, October 24, 2023 – BankIslami Pakistan Limited has reported a staggering 196% increase in profit growth during the first nine months of the calendar year 2023.
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