Karachi, August 23, 2023 – The Federal Board of Revenue (FBR) has confirmed that profits and gains arising from any business activity will be considered a component of an individual’s income for tax purposes.
(more…)Author: Shahnawaz Akhter
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Crucial Role of Track and Trace System in Combating Illegal Cigarette Manufacturing
The Track and Trace system is undeniably vital in curbing illegal cigarette manufacturing and addressing the pressing issues associated with it in Pakistan.
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Pakistani Rupee Avoids Falling Below 300 Mark but Hits Fresh Historic Low Against US Dollar
Karachi, August 23, 2023 – The Pakistani Rupee (PKR) managed to stay above the 300-mark against the US dollar at the closing of the interbank foreign exchange market on Wednesday.
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US Dollar Nears PKR 300 Mark in Interbank Trading, a Historic High for Pakistan
Karachi, August 23, 2023 – In a startling development, the US dollar has nearly reached the unprecedented level of Pakistani Rupees (PKR) 300 during intraday trading at the interbank foreign exchange market on Wednesday.
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Pakistan State Oil Records a Drastic 93% Drop in Annual Net Profit
Karachi, August 23, 2023 – Pakistan State Oil (PSO) has reported a staggering 93 percent decline in its profit after tax for the fiscal year ending on June 30, 2023.
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Private Sector Initiates Loan Repayments Amidst Challenging Economic Climate in Pakistan
Karachi, August 23, 2023 – Pakistan’s private sector has begun retiring bank loans in response to the challenging economic conditions facing the country.
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ABHI Pakistan Empowers Employees through Earned Wage Access
Karachi, August 22, 2023 – ABHI Pakistan, the nation’s pioneering embedded finance platform, is revolutionizing financial empowerment in Pakistan with a suite of innovative financial solutions. These include Earned Wage Access, Invoice Factoring, and Payroll Solutions.
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FPCCI Demands Immediate Withdrawal of Section 7E Across Pakistan
Karachi, August 22, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has issued a stern demand to tax authorities for the immediate withdrawal of Section 7E across the entire country.
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Pakistani Rupee Hits Historic Low of PKR 299.01 to US Dollar at Interbank Closing
Karachi, August 22, 2023 – The Pakistani Rupee (PKR) has hit a historic low, closing at PKR 299.01 against the US dollar in the interbank foreign exchange market on Tuesday.
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BankIslami Pakistan Registers Staggering Over 250% Half-Year Profit
Karachi, August 22, 2023 – BankIslami Pakistan Limited, a prominent player in Pakistan’s banking sector, has reported a remarkable surge in its profit after tax for the first half of 2023, marking a stunning growth of over 250 percent.
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