Karachi, September 27, 2023 – The Federal Board of Revenue (FBR) has released a detailed procedure for individuals and entities seeking an extension in the filing of income tax returns.
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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 May Extend Return Filing Date for Tax Year 2023 Amidst Technical Challenges
Karachi, September 27, 2023 – The Federal Board of Revenue (FBR) is contemplating an extension of the deadline for filing income tax returns for the tax year 2023, following a surge in complaints from taxpayers grappling with technical difficulties in the online filing process.
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Pakistan and Germany Initiate Renegotiations to Eliminate Double Taxation
Islamabad, September 26, 2023 – Pakistan and Germany have taken significant steps toward strengthening their economic ties by initiating renegotiations on the Agreement for the Elimination of Double Taxation.
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PKR Makes Record 5.6% Gain Against US Dollar in Unprecedented Winning Streak
Karachi, September 26, 2023 – In an unprecedented winning streak, the Pakistani Rupee (PKR) has made a remarkable gain of 5.6 percent against the US dollar, marking a significant shift in its exchange rate.
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FBR Exempts Categories of Taxpayers from Tax Return Filing
Karachi, September 26, 2023 – The Federal Board of Revenue (FBR) has announced that certain categories of taxpayers are exempt from filing annual income tax returns for the tax year 2023.
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Pakistan Sets New Record with 4.72 Million Income Tax Returns
Islamabad, September 25, 2023 – Pakistan has reported a record-breaking number of 4.72 million income tax returns for the tax year 2022, as per official data released on Monday.
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SBP Suspends Authorization of Two Exchange Companies for Regulatory Violations
KARACHI, September 25, 2023 – The State Bank of Pakistan (SBP) announced on Monday that it has suspended the authorization of two exchange companies for violations of regulatory guidelines.
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Pakistani Rupee Continues Winning Streak, Ending at PKR 290.86 Against Dollar
Karachi, September 25, 2023 – The Pakistani Rupee (PKR) has continued its impressive winning streak against the US dollar for the 14th consecutive session, closing at PKR 290.86 in the interbank foreign exchange market.
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FTO Orders Fact-Finding Committee in Case of Non-Clearance of Bentley Car
Karachi, September 25, 2023 – The Federal Tax Ombudsman (FTO) has issued directives to establish a fact-finding committee in response to a complaint regarding the non-clearance of a Bentley Continental Car.
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Pakistan May Consider Reducing Petroleum Prices for October 2023
Karachi, September 25, 2023 – Pakistan likely to contemplate a reduction in petroleum prices for the first half of October 2023, given the appreciation of the Pakistani Rupee (PKR) and a decline in international oil prices.
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