Karachi, November 23, 2023 – Banks in Pakistan likely to seek legal remedies in response to the recent imposition of a tax on windfall income or profit.
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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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Pakistan Stock Market Crosses Historic 58,000 Points Milestone Amid Positive Economic Outlook
Karachi, November 22, 2023 – The Pakistan stock market achieved a historic milestone today, reaching an unprecedented 58,000 points, signaling a positive turn for the nation’s economic landscape.
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LTO Karachi Summons Sugar Millers in Tax Fraud Probe
November 22, 2023 – The Large Taxpayers Office (LTO) Karachi, a crucial revenue collection arm of the Federal Board of Revenue (FBR), has intensified its investigation into sales tax fraud, summoning sugar millers to appear before an inquiry regarding the issuance of fake and flying invoices.
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Pakistan Bans Cryptocurrency Advertisements to Curb Surrogate Marketing
Islamabad, November 21, 2023 – Pakistan has taken a decisive step in controlling the rise of surrogate advertisements related to cryptocurrency exchanges and betting platforms by imposing a ban on their promotion.
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Massive Gas Tariff Hike Sparks Industry Threats of ‘No Export Days’ Protest
Karachi, November 21, 2023 – The industrial sector has issued a stern warning, threatening to observe ‘No Export Days’ in vehement protest against the government’s substantial hike in gas tariffs.
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Rupee Makes 4th Straight Gain Against Dollar, Ends at PKR 285.79
Karachi, November 21, 2023 – The Pakistani Rupee (PKR) continued its recovery against the US dollar for the fourth consecutive day, closing at PKR 285.79 in the interbank foreign exchange market on Tuesday.
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FBR Announces Rates of Sales Tax Default Surcharge for Tax Year 2024
Karachi, November 21, 2023 – The Federal Board of Revenue (FBR) has notified the rates of default surcharge under the Sales Tax Act, 1990, for the tax year 2024.
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