Karachi, September 3, 2023 – Following a significant depreciation over the past two weeks, the Pakistani Rupee (PKR) is poised to exhibit resilience against the US dollar in the coming week, offering some solace to concerned observers.
(more…)Author: Shahnawaz Akhter
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FBR Launches Mega Operation Against Sugar Mills to Examine Stock Position
In response to the ongoing sugar crisis in Pakistan, the Federal Board of Revenue (FBR) has initiated a comprehensive operation targeting sugar mills across the country.
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Tax Return Filing in Pakistan Plagued by Technical and Legal Glitches
Karachi, September 2, 2023 – The process of tax return filing for the year 2023 in Pakistan has encountered a multitude of technical and legal glitches, according to the Karachi Tax Bar Association (KTBA).
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Petroleum Sales Witness 8% Decline in August 2023
Karachi, September 2, 2023 – Pakistan’s total petroleum sales for August 2023 reached 1.41 million tons, marking an 8 percent year-on-year (YoY) decline.
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FBR Assures Traders of Easing Tax Burden on Electricity Bills
Karachi, September 1, 2023 – The Federal Board of Revenue (FBR) has reaffirmed its commitment to ease the tax burden on electricity bills, addressing the concerns of the business community in Karachi and fostering a cooperative relationship with traders.
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Sindh Revenue Board Achieves Unprecedented 49% Collection Growth in 2MFY24
Karachi, September 1, 2023 – The Sindh Revenue Board (SRB) has achieved a remarkable 49% growth in revenue collection during the first two months of the fiscal year 2023-24, showcasing its commitment to fiscal excellence even in challenging economic times.
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Petroleum Prices in Pakistan Hit All-Time High
Karachi, September 1, 2023 – Pakistan is currently facing an unprecedented challenge as petroleum prices soar to all-time highs, marking a significant economic concern for its citizens and policymakers alike. On August 31, 2023, the caretaker government announced a substantial hike in the prices of petrol and high-speed diesel (HSD), sending shockwaves throughout the country.
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FBR Imposes 4% Further Tax on Electricity Bills for Inactive Taxpayers
Karachi, September 1, 2023 – The Federal Board of Revenue (FBR) has initiated the collection of a further tax at a rate of four percent on electricity bills for individuals who are not listed in the active taxpayers list (ATL), as per an official document.
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FBR Confirms Freezing PIA Bank Accounts, Denies Embezzlement Allegations
The Large Taxpayers Office (LTO) Karachi, a revenue collection arm of the Federal Board of Revenue (FBR), released a statement on Thursday vehemently denying allegations of embezzlement against Pakistan International Airlines (PIA) management.
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Karachi Chamber Backs Shutdown Protest Against Soaring Electricity Bills
The Karachi Chamber of Commerce and Industry (KCCI) has thrown its weight behind the planned shutdown protest set for September 1, 2023, against the surge in electricity bills.
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