Karachi, November 29, 2023 – The Federal Board of Revenue (FBR) is gearing up for stringent measures to recover windfall tax from banks as the payment deadline looms.
(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 Identifies Challenges in Achieving Rs 9.415 Trillion Target for 2023-24
Karachi, November 28, 2023 – The Federal Board of Revenue (FBR) has acknowledged the formidable challenges ahead in achieving the ambitious tax collection target of Rs 9.415 trillion for the fiscal year 2023-24.
(more…) -
FBR Achieves Historic Rs 7 Trillion Collection Milestone, Slightly Misses FY23 Target
Karachi, November 28, 2023 – The Federal Board of Revenue (FBR) has announced the achievement of a historic milestone by surpassing the Rs 7 trillion collection mark for the first time in the country’s history.
(more…) -
Pakistan Equities Rally to Record 60,730 Points in Bullish Rampage
Karachi, November 28, 2023 – Pakistan equities witnessed another historic milestone on Tuesday as the bullish rampage continued, propelling the benchmark KSE-100 index to an impressive 60,730 points.
(more…) -
FBR Directs Stock Investors to Maintain Records for Verification in Tax Year 2024
Karachi, November 28, 2023 – The Federal Board of Revenue (FBR) has issued a directive to all investors in the Pakistan Stock Exchange (PSX) to maintain comprehensive records for the verification of liability discharge during the tax year 2024.
(more…) -
Pakistan and UAE Sign Multibillion-Dollar MoUs, Announces PM Kakar
Islamabad, November 27, 2023 –Pakistan and the United Arab Emirates (UAE) officially sealed a series of Memoranda of Understanding (MoUs) on Monday, marking a significant step towards a strategic and economic alliance.
(more…) -
Foreign Companies Repatriate Record $485.40 Million in Profits in 4MFY24, Marking 584% YoY Surge
Karachi, November 27, 2023 – Foreign companies operating in Pakistan have repatriated a staggering $485.40 million in profits and dividends during the first four months (July – October) of the fiscal year 2023-2024.
(more…) -
KSE-100 Index Ends Closer to 60,000 Points Mark After Record Gain
Karachi, November 27, 2023 – The KSE-100 Index, Pakistan’s premier stock market indicator, surged to new heights today, closing near the psychological milestone of 60,000 points.
(more…) -
Weekly Active Taxpayers List Hits Record High at 5.2 Million
KARACHI, November 27, 2023 – The Federal Board of Revenue (FBR) announced the release of the weekly Active Taxpayers List (ATL) on Monday, revealing a significant surge in the number of active taxpayers, setting a new record at 5.2 million by the week ending November 26, 2023.
(more…) -
Rules Notified for Computation of Capital Gain or Loss in Pakistan for Tax Year 2024
Karachi, November 27, 2023 – Rules have been notified for computing capital gain or loss in Pakistan during tax year 2024. The Federal Board of Revenue (FBR) has announced the updated Income Tax Rule, 2002 for the tax year 2024, specifying the methodology for computing capital gains or losses in Pakistan.
(more…)