Karachi, December 20, 2023 – The Federal Board of Revenue (FBR) has introduced a streamlined procedure for the electronic audit (e-audit) of taxpayers 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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FBR Commissioner Authorized to Issue Arrest Warrants
Karachi, December 20, 2023 – A commissioner of the Federal Board of Revenue (FBR) is now empowered to issue arrest warrants for tax defaulters.
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Pakistan Stock Market Crashes by 3.64% Amid Correction
Karachi, December 19, 2023 – The Pakistan stock market experienced a significant downturn on Tuesday, with a staggering 3.64% decline attributed to what analysts term as a correction.
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Pakistan Achieves Highest-Ever 5.32 Million Active Taxpayers
Karachi, December 19, 2023 – Pakistan has etched its name in history by achieving an unprecedented milestone of 5.32 million active taxpayers, as disclosed by the Federal Board of Revenue (FBR).
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FBR Lists Items Exempted from Confiscation Against Tax Recovery
Karachi, December 19, 2023 – The Federal Board of Revenue (FBR) has taken a significant step towards refining the tax recovery process by issuing a comprehensive list of items exempted from confiscation.
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SBP Allows Banks for Third-Party Customer Verification Platform
Karachi, December 18, 2023 – The State Bank of Pakistan (SBP) has granted approval for banks to leverage a shared platform for Know Your Customer (KYC) and Customer Due Diligence (CDD).
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Foreign Direct Investment Grows by 12% in November 2023
Karachi, December 18, 2023 – Foreign Direct Investment (FDI) into Pakistan recorded a substantial growth of 12 percent, reaching $131.4 million in November 2023 on a Year-on-Year (YoY) basis.
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Pakistan Records 64.46% contraction in CAD in 5MFY24
Karachi, December 18, 2023 – Pakistan has witnessed a significant contraction of 64.46 percent in its Current Account Deficit (CAD) during the first five months (July – November) of the fiscal year 2023-24, according to data released by the State Bank of Pakistan (SBP) on Monday.
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Pakistan Enforces Requirement of Beneficial Owner Details
Karachi, December 17, 2023 – Pakistan has enforced stringent requirements for companies and Associations of Persons (AOPs) to furnish detailed information about beneficial owners.
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Firmer Rupee Outlook for Week Starting December 18, 2023
Karachi, December 17, 2023 – Currency analysts are anticipating a stable trajectory for the Pakistani Rupee (PKR) against the US Dollar in the upcoming week, starting December 18, 2023.
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