In Pakistan, taxpayers are currently fervently seeking inclusion in the recently unveiled Active Taxpayers List (ATL) to shield themselves from the stringent measures enforced by the Federal Board of Revenue (FBR).
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User Guide 2024 on Pakistan Car Import
In 2024, Pakistan has taken significant strides in facilitating the process of importing cars for overseas Pakistanis through the implementation of the Import Policy Order 2022.
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Navigating Controversial Path: Perils of Separating Two Wings of FBR
Reforming state institutions, particularly those responsible for revenue collection, is a delicate task that demands a nuanced understanding of their functions, challenges, and potential for improvement. In Pakistan, the ongoing changes within the Federal Board of Revenue (FBR) have triggered intense debate, with the proposed separation of the Customs and IRS emerging as a particularly contentious issue.
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Illicit Trade: An Obstacle to Improving Human Development in Pakistan
According to the international research institute Ipsos, Pakistan’s pace of socio-economic development can be significantly enhanced by reducing the loss to the national exchequer through the curbing of illicit trade.
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Rising Inflation – Life Getting Tougher
Making ends meet with rising inflation has become almost impossible for the people, especially the vulnerable society, as the prices of daily use items have reached alarmingly high levels.
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Textile – An underperformed sector
Textile, being one of the major components of the Pakistan economy, makes up around 8.5 per cent of GDP and contribute around 60 per cent to the country’s total exports.
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Subpar Quality of Tax Stamps Hinders Revenue Collection Goals of Track and Trace System
In a recent development, an inquiry committee appointed by former Prime Minister Shahbaz Sharif to oversee the implementation of the Track and Trace System (TTS) has unveiled critical shortcomings in the system’s effectiveness, particularly in four major sectors: sugar, cement, fertilizer, and tobacco.
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Pakistan Makes Hat-Trick of Petroleum Price Hike, Raises up to 21% in Just One Month
Karachi, September 16, 2023 – Pakistan non-elected caretaker government has scored a hat-trick by announcing yet another massive hike in petroleum prices. These successive increases come despite growing concerns and protests from the nation, as the government appears to disregard the economic hardships faced by its citizens.
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Unveiling the Benefits: Why Pakistan Should Demonetize the Rs 5000 Banknote
Amidst heated debates surrounding the demonetization of the Rs 5000 banknote in Pakistan, particularly in the wake of a recent fake news episode, the question of why Pakistan should consider phasing out this high-denomination currency looms large.
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Petroleum Prices in Pakistan Hit All-Time High
Karachi, September 1, 2023 – Pakistan is currently facing an unprecedented challenge as petroleum prices soar to all-time highs, marking a significant economic concern for its citizens and policymakers alike. On August 31, 2023, the caretaker government announced a substantial hike in the prices of petrol and high-speed diesel (HSD), sending shockwaves throughout the country.
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