Karachi, May 26, 2024 – The Pakistani Rupee is expected to remain stable against the US dollar in the lead-up to the presentation of the Budget 2024-25, scheduled for next month. This forecast comes amid slight fluctuations observed in the interbank market this week.
(more…)Category: Top stories
Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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FBR Proposes Eliminating CGT Relief on Immovable Property
Islamabad, May 25, 2024 – The Federal Board of Revenue (FBR) has proposed the elimination of capital gains tax (CGT) relief on the sale of immovable property.
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LTO Karachi Collects Rs 4 Billion in Tax on Foreign Card Payments
Karachi, May 25, 2024 – The Large Taxpayers Office (LTO) Karachi has reported a significant fiscal milestone, collecting Rs 4 billion in withholding tax from foreign payments made through debit and credit cards.
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FBR Proposes Capital Gains Tax Levy on Used Cars Sale
Islamabad, May 25, 2024 – In a significant move poised to impact the automotive market, the Federal Board of Revenue (FBR) has proposed the introduction of a capital gains tax (CGT) on the sale of used cars.
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PM Shehbaz Rejects Carbon Tax Proposal in 2024-25 Budget
In a decisive move, Prime Minister Shehbaz Sharif has dismissed the Federal Board of Revenue’s (FBR) proposal to implement a carbon tax in the forthcoming 2024-25 budget.
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KSE-100 Index Briefly Breaks 76,000 Points Milestone
Karachi, May 24, 2024 – In an unprecedented surge, the KSE-100 index breached the 76,000-point mark for the first time during intraday trading on Friday.
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FBR Collects Rs 10 Billion in Tax from Bank Cash Withdrawals
Islamabad, May 24, 2024 – The Federal Board of Revenue (FBR) has successfully collected Rs 10 billion in advance tax from cash withdrawals at banks during the first 10 months of the current fiscal year.
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FBR Envisions Encompassing Expansive 18% Sales Tax Regime
In a bold and transformative move, the Federal Board of Revenue (FBR) is contemplating an extensive overhaul of the current sales tax framework for the fiscal year 2024-25.
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UAE Pledges $10 Billion Investment in Pakistan
Abu Dhabi, May 23, 2024 – In a significant diplomatic and economic development, President of the United Arab Emirates (UAE), Sheikh Mohamed bin Zayed Al Nahyan, has pledged a substantial investment of $10 billion in various sectors of Pakistan.
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MTO Karachi Recovers Super Tax of Rs 607 Million from Maersk
Karachi, May 23, 2024 – In a landmark fiscal achievement, the Medium Tax Office (MTO) Karachi has effectuated the recovery of a colossal sum of Rs 607 million in super tax from Maersk, the globally eminent shipping and logistics conglomerate.
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