Islamabad, August 2, 2023 – In an effort to bolster security and ensure transparency in trade, the Federal Board of Revenue (FBR) of Pakistan has notified the Tracking and Monitoring of Cargo Rules, 2023.
(more…)Author: Shahnawaz Akhter
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German Chamber of Commerce to Establish Office in Pakistan
Karachi, August 2, 2023 – In a significant development, H. E. Mr. Rudiger Lotz, Consul General of Germany in Karachi, has announced that the German Chamber of Commerce & Industry (DIHK) is set to establish its office in Pakistan, highlighting the growing importance of trade and economic ties between Germany and Pakistan.
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SBP Bolsters Consumer Protection Efforts with New Departments
Karachi, August 1, 2023 – In a significant move towards safeguarding consumer rights, the State Bank of Pakistan (SBP) has taken proactive steps to enhance consumer protection by restructuring its internal departments.
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Tax Filing Nightmares: KTBA Reveals Critical Errors in 2023 Return Forms
Karachi, August 1, 2023: The Karachi Tax Bar Association (KTBA) on Tuesday brought to light critical errors and mistakes present in the income tax return forms for the tax year 2023.
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Pakistan Extends Interbank Dollar Purchases for Card Payments
Karachi, August 1, 2023 – The State Bank of Pakistan (SBP) announced to extend the settlement of card-based cross-border transactions through interbank for an additional five months.
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From Non-Filers to Active Taxpayers: Pakistan’s ATL Hits 4.26 Million High
Pakistan witnessed significant increase in Active Taxpayers with over 40,000 income tax returns filed in a single week, to high high of 4.26 million.
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SBP Keeps Benchmark Policy Rate Unchanged at 22% Amid Easing Economic Uncertainties
Karachi, July 31, 2023 – The State Bank of Pakistan (SBP) has announced its decision to maintain the benchmark policy rate at 22 percent, citing a decrease in economic uncertainties.
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Super Tax Implemented on Stock Investors by NCCPL
Karachi, July 31, 2023 – The National Clearing Company of Pakistan (NCCPL) has issued a notification regarding the collection of super tax from investors in the stock market.
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FBR Issues Updated Tax Law for Treatment of Black Money in Pakistan
Islamabad, July 31, 2023 – The Federal Board of Revenue (FBR) has recently released an updated tax law aimed at addressing the issue of black money and unexplained funds in Pakistan.
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FBR Implements New Tax Rates on Sale and Purchase of Immovable Property
Karachi, July 29, 2023 – The Federal Board of Revenue (FBR) has recently put into effect new tax rates on the sales and purchase of immovable properties across the country.
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