Karachi, August 25, 2023 – In a significant development, the Federal Board of Revenue (FBR) has taken decisive action against corruption within its ranks by dismissing three customs officials for their involvement in a major clearance scam.
(more…)Author: Shahnawaz Akhter
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Mari Petroleum Secures Exploration License in Chagai, Balochistan
Karachi, August 25, 2023 – Mari Petroleum Company Limited, a key player in Pakistan’s energy sector, announced on Friday that it has successfully acquired an exploration license from the Balochistan government.
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Pak Suzuki Motor Records Staggering Loss of Rs 9.67 Billion in First Half of 2023
Karachi, August 25, 2023 – In a stark reflection of the challenges plaguing the automotive industry in Pakistan, Pak Suzuki Motor Company Limited announced a colossal loss of Rs 9.67 billion for the first half of 2023.
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Free-fall in Rupee Continues, Reaching Fresh Low Against Dollar in Intraday Trading
Karachi, August 25, 2023 – The Pakistani Rupee (PKR) continued its downward spiral on Friday, making a fresh historic low against the US dollar.
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FBR to Treat Speculation Business Separately for Tax Imposition
Karachi, August 24, 2023 – In a significant development, the Federal Board of Revenue (FBR) has announced that it will now treat speculation business as a distinct entity for tax purposes.
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Karachi Business Community Pledges Full Support to Pakistan’s Caretaker Government
Karachi, August 24, 2023 – The Businessmen Group (BMG), representing the trade and industry of Karachi, has extended its full support to Pakistan’s caretaker government.
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FBR Affirms Profits and Gains as Constituent of Business Income for Taxation
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.
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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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