Karachi, July 31, 2023 – The National Clearing Company of Pakistan (NCCPL) has issued a notification regarding the collection of super tax from investors in the stock market.
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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FBR Issues Updated Tax Law for Treatment of Black Money in Pakistan
Islamabad, July 31, 2023 – The Federal Board of Revenue (FBR) has recently released an updated tax law aimed at addressing the issue of black money and unexplained funds in Pakistan.
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Dar Pledges to Boost Pakistan’s Foreign Exchange Reserves to $15 Billion in 7 Weeks
Islamabad, July 31, 2023 – Pakistan’s Finance Minister, Muhammad Ishaq Dar, announced on Sunday his commitment to raise the nation’s foreign exchange reserves from $14 billion to $15 billion within the next seven weeks.
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FBR Implements New Tax Rates on Sale and Purchase of Immovable Property
Karachi, July 29, 2023 – The Federal Board of Revenue (FBR) has recently put into effect new tax rates on the sales and purchase of immovable properties across the country.
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Pakistan Announces 400% Increase in Tax on Payment through Debit/Credit Card
Karachi, July 29, 2023 – In a bid to curb the outflow of dollars and bolster its foreign exchange reserves, Pakistan has taken a significant step by announcing a whopping 400 percent increase in taxes on payments made through debit or credit cards.
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PM Shehbaz Sharif Calls for Standing Against Tyranny on Ashura
Islamabad, July 29, 2023 – On the solemn occasion of Youm-e-Ashura, Prime Minister Shehbaz Sharif delivered a poignant message, emphasizing that the sacrifice of Imam Hussain (RA) serves as a timeless reminder for Muslims to uphold unwavering faith, piety, and the fight for justice.
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FBR’s Fiscal Fumble: Misses Rs 7.2 Trillion Tax Target for FY23
Karachi, July 28, 2023 – The Federal Board of Revenue (FBR) fell short of its fiscal year 2022-23 tax collection target, as revealed by the finance ministry in a monthly report for July 2023.
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FBR Unveils IRIS 2.0: A Game-Changer for Efficient Tax Return Filing
Islamabad, July 27, 2023 – The Federal Board of Revenue (FBR) announced a major step forward in tax administration with the launch of IRIS 2.0, an upgraded version of the tax return filing system.
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SBP’s Regulatory Crackdown: 11 Banks Slapped with Rs 575 Million in Fines
Karachi, July 27, 2023 – The State Bank of Pakistan (SBP) has taken a firm stance against regulatory violations in the banking sector, imposing a total monetary penalty of Rs 575 million on 11 banks during the first half (January – June) of calendar year 2023.
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KSE-100 Index Hits 20-Month High to Reach 47,077 Points
Karachi, July 27, 2023 – The Pakistan Stock Exchange (PSX) witnessed a remarkable surge on Thursday as the benchmark KSE-100 index soared to a 20-month high, closing at 47,077 points.
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