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.
(more…)Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
-
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.
(more…) -
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.’
(more…) -
Find Out Tax Rates for Marriage Gatherings in Pakistan for 2024
Karachi, January 23, 2024 – As the tax year 2024 kicks off, the Federal Board of Revenue (FBR) in Pakistan has unveiled the updated income tax rates applicable to functions and gatherings, specifically those organized in the context of marriage ceremonies.
(more…) -
FBR Announces Record-Breaking 5.55 Million Active Taxpayers
Karachi, January 22, 2024 – In a significant milestone, the Federal Board of Revenue (FBR) announced on Monday that the number of active taxpayers in Pakistan has reached a new record high of 5.55 million.
(more…) -
Tax Rates on Telephone and Internet Usage Notified for 2024
Karachi, January 22, 2024 – The tax rates for telephone and internet usage in Pakistan for the tax year 2024 have been officially notified through amendments to the Income Tax Ordinance, 2001.
(more…) -
IMF Urges Pakistan to Avoid Forex Restrictions for Stability
Karachi, January 21, 2024 – The International Monetary Fund (IMF) has advised Pakistan to exercise caution and avoid imposing restrictions on foreign exchange, emphasizing the importance of supporting a return to a market-determined exchange rate.
(more…) -
President Orders Banking Services Block for Fraudsters
Islamabad, January 21, 2024 – President Dr. Arif Alvi has taken a firm stand against banking fraud, ordering the blocking of banking services to fraudsters.
(more…) -
FBR Discovers Non-Filer Retailers in Door-to-Door Campaign
Karachi, January 20, 2024 – The Federal Board of Revenue (FBR) has unveiled plans to launch a door-to-door campaign targeting non-filer retailers.
(more…) -
Pakistan Set to Enhance Tax Rates for Additional Revenue
Karachi, January 20, 2024 – In a bid to generate additional tax revenue, Pakistan is gearing up to implement increased tax rates, as outlined in the country report on Pakistan issued by the International Monetary Fund (IMF) on Friday.
(more…)