Karachi, January 29, 2024 – In a highly anticipated decision, the State Bank of Pakistan (SBP) announced on Monday that it will keep the benchmark policy rate unchanged at 22 percent.
(more…)Author: Shahnawaz Akhter
-
Mari Petroleum Records Staggering 57% Surge in 1HFY24 Profits
Karachi, January 29, 2024 – Mari Petroleum Company Limited (MPCL) has reported a remarkable 57% increase in net profit for the first half (July – December) of the fiscal year 2023-24.
(more…) -
Analysts Anticipate Inflation Easing to 27.3% in January 2024
Karachi, January 29, 2024 – Analysts from Arif Habib Limited are forecasting a decline in the year-on-year (YoY) headline inflation rate for January 2024 to 27.3%.
(more…) -
Pakistan Achieves New Record of 5.6 Million Active Taxpayers
Karachi, January 29, 2024 – In a milestone for fiscal governance, official data released on Monday revealed that the number of active taxpayers in Pakistan has soared to a new high of 5.6 million, as per the updated weekly Active Taxpayers List (ATL) for tax year 2022.
(more…) -
Guide to Filing Appeals Before Customs Appellate Tribunal
Karachi, January 28, 2024 – The revised Customs Act, 1969 has outlined a comprehensive procedure for filing appeals before the Customs Appellate Tribunal, offering clear guidelines for individuals and Customs officers aggrieved by certain orders.
(more…) -
Tax Year 2024 Return Forms Set for Release by January 31
Karachi, January 28, 2024 – The Federal Board of Revenue (FBR) is mandated by income tax laws to release the final return forms for Tax Year 2024 by January 31, 2024.
(more…) -
PTBA Warns FBR Against Abuse of Assessment Powers
Karachi, January 27, 2024 – The Pakistan Tax Bar Association (PTBA) has issued a stern warning to the Federal Board of Revenue (FBR) concerning the alleged abuse of assessment powers by tax authorities.
(more…) -
Updated Customs Act Unveils Prerequisites for Appellate Tribunal
Karachi, January 27, 2024 – The recently updated Customs Act, 1969, for the Tax Year 2024, has brought forth crucial details regarding the establishment of the Customs Appellate Tribunal.
(more…) -
Foreign Profit Repatriation Surges 161% Before Pakistan Elections
Karachi, January 27, 2024 – In a startling revelation, official data released by the State Bank of Pakistan (SBP) on Friday disclosed a staggering 161 percent surge in foreign profit and dividend repatriation from Pakistan in the first half of the fiscal year 2023-24.
(more…) -
Pakistan Reduces Profit Rates on Key Saving Certificates
Karachi, January 26, 2024 – In a move that has financial circles buzzing, the Pakistan has announced a significant reduction in profit rates on key saving certificates, effective from Friday, January 26, 2024.
(more…)