Karachi, January 14, 2024 – In a significant move, the Federal Board of Revenue (FBR) has announced a comprehensive tax exemption on foreign remittances received by non-residents.
(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.
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FBR Unveils Significant Measures for Ease of Doing Business
Karachi, January 13, 2024 – The Federal Board of Revenue (FBR) has recently showcased a series of impactful measures implemented during the fiscal year 2022-23, aimed at promoting ease of doing business in Pakistan.
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FBR Grants Tax Exemption on First Sale of Property in 2024
Karachi, January 13, 2024 – The Federal Board of Revenue (FBR) has made a significant move by granting income tax exemption on the first sale of immovable property during the tax year 2024.
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FTO Directs Tax Audit of Nil Filer Medical College
Karachi, January 13, 2024 – The Federal Tax Ombudsman (FTO) has taken a significant step towards ensuring tax compliance within the private education sector by directing the Federal Board of Revenue (FBR) to conduct a thorough tax audit of Watim Medical College.
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Sensitive Price Inflation Skyrockets by Over 44% in Pakistan
Islamabad, January 13, 2024 – Alarming economic indicators continue to surface in Pakistan as the Sensitive Price Indicator (SPI) reports a staggering 44.16 percent year-on-year (YoY) inflation for the week ending January 11, 2024.
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IMF Urges Pakistan to Boost Revenue from Non-Filers
Karachi, January 12, 2024 – The International Monetary Fund (IMF) has advised Pakistan to enhance revenue collection from non-filers to support social and development initiatives.
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IMF Board Greenlights $700 Million Boost for Pakistan Economy
Karachi, January 11, 2024 – In a significant development, the Executive Board of the International Monetary Fund (IMF) has granted approval for an immediate disbursement of $700 million to Pakistan.
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Pakistan Faces 66% Plunge in Car Sales for December 2023
Karachi, January 11, 2024 – Pakistan has recorded a staggering 66% decline in car sales on a Year-on-Year (YoY) basis for December 2023.
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Pakistan Stocks Surge 698 Points Ahead of IMF Meeting
Karachi, January 11, 2024 – The Pakistan stocks experienced a notable surge today as the benchmark KSE-100 index gained 698 points, closing at 64,618 points ahead of the upcoming executive board meeting with the International Monetary Fund (IMF).
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Pakistan Awards New Exploration Blocks to Boost Reserves
Karachi, January 11, 2024 – Pakistan has taken a significant stride in its quest for energy security by awarding new exploration blocks to prominent oil and gas development companies operating within the country.
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