Karachi, August 6, 2023 – The Federal Board of Revenue (FBR) has announced the latest tax rates for electricity consumption for the fiscal year 2023-24.
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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 Introduces 200% Higher Tax Rates for Non-ATL Motor Vehicle Registration in FY 2023-24
In a move aimed at broadening the tax net and encouraging tax compliance, the Federal Board of Revenue (FBR) has announced a substantial 200 percent increase in tax rates for individuals not appearing on the Active Taxpayers List (ATL) at the time of motor vehicle registration during the fiscal year 2023-24.
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FBR Chairman Constitutes Committee to Address Tax Issues Faced by Karachi Business Community
Karachi, August 4, 2023 – In an effort to expedite the resolution of tax matters affecting the business community in Karachi, the Chairman of the Federal Board of Revenue (FBR), Amjad Zubair Tiwana, announced the formation of a high-powered committee.
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Prices of Essential Items Surge by 30% in Pakistan
Islamabad, August 4, 2023 – Pakistan is facing an alarming surge in the prices of essential consumer items, with a staggering 30% increase Year on Year (YoY) by the week ended August 3, 2023.
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President Alvi Directs UBL to Refund Defrauded Amount and Address Online Fraud Concerns
Islamabad, August 4, 2023 – President Dr. Arif Alvi has taken a significant step to protect banking customers and combat online fraud in Pakistan.
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Pakistan Customs Official Awarded Major Penalty for Corruption
Islamabad, August 4, 2023 – In a recent development, an official of Pakistan Customs has been slapped with a major penalty following charges of corruption, misconduct, and inefficiency.
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Pakistan and Iran Aim to Increase Bilateral Trade to $5 Billion in Five Years
Pakistan and Iran on Thursday, August 3, 2023 unveiled a comprehensive five-year trade cooperation plan with the aim of increasing bilateral trade to $5 billion, as the two countries seek to enhance economic ties and collaboration.
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Pakistan’s Weekly Foreign Exchange Reserves Slip to $13.46 Billion
Karachi, August 3, 2023 – Pakistan’s foreign exchange reserves experienced a decline, reaching $13.464 billion by the week ending on July 27, 2023, as reported by the State Bank of Pakistan (SBP) on Thursday.
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Government Extends 35% Increase in Salary to Corporation Employees
Islamabad, August 3, 2023 – In a significant move, the federal government has extended the 35 percent increase in salary, previously announced for all federal government employees in the budget 2023-24, to employees of autonomous and semi-autonomous bodies as well as corporations.
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Pakistan Imposes Up to 70% Tax on Dividend Income for Non-ATL Recipients
Karachi, August 3, 2023 – Pakistan Federal Board of Revenue (FBR) has implemented a new tax regime for the fiscal year 2023-24, which includes significant changes in the tax rates on dividend income.
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