Karachi, December 27, 2023: The Federal Board of Revenue (FBR), Pakistan’s apex tax collection agency, has unveiled a list of prohibited items for foreign trade during the tax year 2024.
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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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KSE-100 Index Plummet by 2,534 Points in Historic Single-Day Crash
Karachi, December 26, 2023: Pakistan stocks experienced a historic single-day drop, witnessing a staggering 4.11% crash as the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) plummeted by 2,534 points on Tuesday.
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Property Transfer Statements Made Mandatory in Pakistan
Karachi, December 26, 2023 – The Federal Board of Revenue (FBR), apex tax agency of Pakistan, has made it mandatory for individuals involved in attesting or registering immovable property to furnish a monthly property transfer statement.
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FBR Grants Tax-Free Petroleum Product Sharing to OMCs
Karachi, December 26, 2023 – The Federal Board of Revenue (FBR) has granted permission for tax-free sharing of petroleum products among Oil Marketing Companies (OMCs).
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Pakistan Achieves Landmark High of 5.37 Million Active Taxpayers
Karachi, December 25, 2023 – The Federal Board of Revenue (FBR) on Monday announced Pakistan achieved a record high of 5.37 million active taxpayers for the 2022 tax year.
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FBR Set to Suspend Bank Accounts of Non-Filers of Tax Returns
Karachi, December 24, 2023 – The Federal Board of Revenue (FBR), Pakistan’s premier tax agency, is gearing up to suspend bank accounts of individuals who have failed to file their income tax returns, as per an official statement released today.
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FBR Obtains Details of Car Buyers on Monthly Basis
Karachi, December 24, 2023 – The Federal Board of Revenue (FBR) has initiated a monthly acquisition of detailed information on car buyers from various stakeholders.
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Steady Rupee Expected Against Dollar as 2023 Wraps Up
KARACHI – December 24, 2023: In the last week of 2023, experts believe the Pakistani rupee will likely stay steady against the US dollar. Starting December 26, 2023, this positive prediction is based on a good balance between how much people want and how much they have of the American currency, along with a smaller difference in the country’s spending and earnings.
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PTBA Calls for Consumer Profiling Before Section 114B Activation
Karachi, December 23, 2023 – The Pakistan Tax Bar Association (PTBA) has fervently recommended the adoption of consumer profiling before invoking Section 114B of the Income Tax Ordinance, 2001.
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FBR Unveils Valuation Process for Hidden Assets in Pakistan
Karachi, December 23, 2023 – The Federal Board of Revenue (FBR) has officially announced a meticulous valuation process for discovered hidden assets in Pakistan.
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