Karachi, November 6, 2023 – Pakistan has achieved a historic milestone as the number of active taxpayers in the country surpassed the 5-million mark for the first time.
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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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FTO Directs FBR to Operationalize Directorate of Immovable Property Valuation
Islamabad, November 6, 2023 – The Federal Tax Ombudsman (FTO) has issued a directive to the Federal Board of Revenue (FBR) to operationalize the ‘Directorate General of Immovable Property,’ established under section 230F through the Finance Act of 2018.
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State Life Insurance Ordered to Pay Family of Deceased Policyholder Along with Profit
Islamabad, November 5, 2023 – President Dr. Arif Alvi has issued a directive to the State Life Insurance Corporation of Pakistan (SLICP) to fulfill a long-awaited death insurance claim, amounting to Rs 300,000, alongside accrued profits, for the family members of a deceased policyholder.
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Pakistani Rupee Faces Further Decline Against Dollar Amidst IMF Talks and Import Challenges
The Pakistani Rupee (PKR) is expected to face further decline against the US dollar in the upcoming week, commencing on November 6, 2023.
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Pakistan Collects Rs 8.98 Billion in Motor Vehicle Tax in 1QFY24
Karachi, November 4, 2023 – Pakistan has successfully collected a substantial amount of Rs 8.98 billion in motor vehicle tax during the first quarter of the fiscal year 2023-24 (July to September).
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Commissioner Inland Revenue Granted Powers Equivalent to Civil Court for Tax Recovery
Karachi, November 4, 2023 – The Commissioner of Inland Revenue has been granted powers equivalent to a civil court to facilitate the recovery of taxes, including the seizure of properties and, when necessary, the arrest of taxpayers.
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KSE-100 Index Hits All-Time High at 53,123
Karachi, November 3, 2023 – In a remarkable turn of events, the KSE-100 index of the Pakistan Stock Exchange (PSX) achieved an all-time high at 53,123 points on the closing day of the trading week.
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Arab Monetary Fund and Pakistan Forge Partnership to Boost Cross-Border Remittances
Karachi, November 3, 2023 – The Arab Monetary Fund (AMF) and Pakistan have inked a Memorandum of Understanding (MoU) for enhancing cross-border remittances.
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Middle Income Groups in Pakistan Hit Hardest by Soaring Inflation
Islamabad, November 3, 2023 – Official data released on Friday has revealed that the citizens of Pakistan falling within the middle income group are bearing the brunt of the country’s rising inflation.
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IMF Commends Pakistan for Achieving Fiscal Targets
Islamabad, November 3, 2023 – In a significant development, the International Monetary Fund (IMF) has commended Pakistan for its successful progress in achieving targets during the first quarter of the fiscal year 2023-24.
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