The Federal Board of Revenue (FBR) is poised to unveil the Active Taxpayers List (ATL) for 2024, a move that signals a stern warning for non-filers.
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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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KSE-100 Companies Face Profitability Plunge in 1QFY25
Karachi, October 30, 2024 – A somber note has been struck on the corporate landscape as KSE-100 index companies witnessed a significant 14% year-on-year (YoY) decline in profitability during the first quarter of the fiscal year 2024-25 1QFY25.
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Gold Prices Hit Record High of Rs 287,900 in Pakistan
Karachi, October 30, 2024 – Gold prices in Pakistan reached an unprecedented high on Tuesday, surging to Rs 287,900 per tola due to persistent volatility in international markets and geopolitical uncertainties.
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NBP Profits Plunge by 76% in 9M 2024 Amid Rising Costs
Karachi, October 30, 2024 – National Bank of Pakistan (NBP) reported a substantial 76% drop in after-tax profits for the nine-month period ending September 30, 2024, driven by escalating operational costs and intense inflationary pressures.
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FBR Increases Valuation of Immovable Properties Nationwide
Islamabad, October 30, 2024 – In a move aimed at aligning property values with actual market rates, the Federal Board of Revenue (FBR) has revised the valuations of immovable properties across Pakistan, significantly impacting withholding tax collection.
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Tax Collection on Cash Withdrawals Drops 15% in Q1 FY2025
Karachi, October 29, 2024 — The Federal Board of Revenue (FBR) reported a 15% decline in tax collection on cash withdrawals in the first quarter (Q1) of the fiscal year 2024-25, highlighting the effects of an aggressive return-filing drive.
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FBR Transfers 14 Senior Customs Officials in Major Shake-Up
Islamabad, October 29, 2024 — The Federal Board of Revenue (FBR) has issued a significant reshuffle of top Pakistan Customs Service (PCS) officials, transferring and posting 14 senior officers across key positions.
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SBP Reports 85% Surge in Foreign Profit Repatriation in Q1 FY25
Karachi, October 28, 2024 – The State Bank of Pakistan (SBP) reported a significant 85% rise in the repatriation of profits and dividends by foreign investors during the first quarter of the fiscal year 2024-25, reflecting a sharp increase in the outflow of funds.
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Meezan Bank Anticipates Victory in Complex HSBC Tax Dispute
Karachi, October 28, 2024 — Meezan Bank has expressed strong confidence in winning its ongoing tax dispute with the Federal Board of Revenue (FBR), which involves the disallowance of expenses tied to the now-defunct HSBC Bank Middle East – Pakistan Branch.
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Tax Revenue from Electricity Consumption Soars 176% in 1QFY25
Karachi, October 28, 2024 – In a record-breaking surge, Pakistan’s tax authorities reported a 176% increase in revenue collection from advance tax on electricity consumption during the first quarter of fiscal year 2024-25, spanning July to September. The dramatic rise, attributed to escalating power tariffs, underscores the financial strain on consumers while offering the Federal Board of Revenue (FBR) a substantial revenue boost.
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