Karachi, September 10, 2023 – The Federal Board of Revenue (FBR) in Pakistan has established stringent penalties for individuals, businesses, Associations of Persons (AOPs), and companies that fail to file their annual income tax returns by the due date.
(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.
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PKR Expected to Maintain Recovery Against Dollar Next Week
Karachi, September 10, 2023: The Pakistani Rupee (PKR) is likely to continue its recovery against the US dollar in the coming week, buoyed by a major crackdown on currency smuggling and hoarding initiated by authorities.
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PKR Appreciates by 8% to US Dollar in Open Market Amid Massive Crackdown
Karachi, September 9, 2023 – The Pakistani Rupee (PKR) has experienced a remarkable appreciation of 8 percent against the US dollar during the past week in the open market, attributed to a massive crackdown against currency smuggling operations.
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Gold Rates in Pakistan on Week-Long Decline Trajectory
Karachi, September 9, 2023 – Gold rates in Pakistan have been on a week-long downward trajectory, witnessing a remarkable decline of approximately 11.60 percent or Rs 27,800.
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Pakistan authorizes taxmen to enter and search premises for audit
Karachi, September 9, 2023 – Pakistan has granted authorization for tax authorities to enter and search premises for the purpose of conducting audits and assessing individuals liable for taxation.
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Unveiling the Benefits: Why Pakistan Should Demonetize the Rs 5000 Banknote
Amidst heated debates surrounding the demonetization of the Rs 5000 banknote in Pakistan, particularly in the wake of a recent fake news episode, the question of why Pakistan should consider phasing out this high-denomination currency looms large.
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FBR Mandates Taxpayers to Retain Records for Six Years for Audit Purposes
Karachi, September 9, 2023 – The Federal Board of Revenue (FBR) has reminded taxpayers of the mandatory requirement to retain records for the past six years for audit purposes.
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EOBI Pension Increased by 17% to Rs 10,000
Islamabad, September 8, 2023 – In a move aimed at improving the financial well-being of retired citizens, the federal government announced on Friday a significant increase of 17 percent in the pension provided by the Employees Old Age Benefits Institution (EOBI), raising it to Rs 10,000.
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Prices of Wheat and Sugar Double in Basket of Essential Items: Pakistan Bureau
Karachi, September 8, 2023 – Alarming data released by the Pakistan Bureau of Statistics (PBS) on Friday reveals that the prices of wheat flour and sugar have doubled over the past year, adding to the economic challenges faced by the nation.
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PKR Maintains Winning Streak Against Dollar for Third Consecutive Day at Interbank
Karachi, September 8, 2023 – In a remarkable display of resilience, the Pakistani Rupee (PKR) continued its winning streak against the US dollar for the third consecutive day on Friday, bolstered by a series of proactive measures implemented by authorities.
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