Karachi, January 26, 2024 – The Sindh Revenue Board (SRB) has recently released the updated sales tax rates on services provided or rendered by shipping agents in the province of Sindh for the tax year 2024.
(more…)Author: Shahnawaz Akhter
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Collector (Appeals) Granted Authority to Halt Recovery for 30 Days
Karachi, January 26, 2024 – In a significant development, the Pakistan Customs has conferred the authority upon Collector (Appeals) to stay recovery for a maximum period of 30 days.
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FBR Tightens Property Purchase Rules for Non-ATL Buyers
Karachi, January 26, 2024 – The Federal Board of Revenue (FBR) has implemented significant changes in the realm of property purchase, making it substantially more expensive for individuals not included in the Active Taxpayers List (ATL).
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Pakistan’s Forex Reserves Rise by $196 Million Amid Repayments
Karachi, January 25, 2024 – Pakistan’s foreign exchange reserves witnessed a notable surge, recording an increase of $196 million in the week ended January 19, 2024.
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Customs Officers Empowered to Arrests Offenders
Karachi, January 25, 2024 – In a significant development, Customs officers have been granted enhanced powers to arrest offenders under the updated Customs Act, 1969, for the tax year 2024.
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FBR Sets Advance Tax Rates on Sales to Retailers for 2024
Karachi, January 25, 2024 – The Federal Board of Revenue (FBR) has officially released the advance tax rates on sales to retailers for the tax year 2024, as outlined in the updated Income Tax Ordinance, 2001.
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Pakistan’s Private Sector Shuns New Loans, Retires Rs 8 Billion
Karachi, January 24, 2024 – Pakistan’s private sector has exhibited resilience in the face of challenging economic conditions, retiring a substantial amount of Rs 8 billion in the current fiscal year as opposed to seeking fresh loans.
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Pakistan Customs Screens Suspects for Concealed Goods
Karachi, January 24, 2024 – Pakistan Customs has been granted extensive powers to screen the bodies of suspected individuals for the detection of concealed goods, as outlined in Section 160 of the updated Customs Act, 1969, for the tax year 2024.
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FBR Notifies Tax Rates on Sales to Distributors for 2024
Karachi, January 24, 2024 – The Federal Board of Revenue (FBR) has taken a significant step in its tax policy for the year 2024 by notifying advance tax rates on sales to distributors.
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SBP Launches Electronic FX Trading Platform for Interbank Trading
Karachi, January 23, 2024 – The State Bank of Pakistan (SBP) announced the launch of a cutting-edge Centralized Foreign Exchange (FX) Trading Platform called ‘FX Matching.’
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