Pakistan Revenue
Karachi, July 1, 2024 – In a significant move impacting the construction and real estate sectors, the federal government has doubled the federal excise duty (FED) on the sale of cement through the Finance Act, 2024.
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Karachi, July 1, 2024 – In a significant move aimed at regulating the tobacco industry, the Finance Bill, 2024 has proposed an increase in the retail price for different tiers of cigarettes manufactured in Pakistan.
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Karachi, July 1, 2024 – Karachi Chamber of Commerce and Industry (KCCI) has voiced strong discontent over the recent hike in petroleum prices, marking a significant escalation in costs for businesses and the general public alike.
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Karachi, June 30, 2024 – The Federal Board of Revenue (FBR) has introduced a new tax regime for builders and developers through the Finance Act, 2024, aiming to streamline taxation in the real estate sector.
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Karachi, June 30, 2024 – The Site Association of Industry President, Muhammad Kamran Arbi, has once again demanded the government to immediately withdraw the SRO-350, citing its ambiguous nature and the difficulties it has caused for the business community.
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KARACHI: The Pakistan Vanaspati Manufacturers Association (PVMA) has threatened a nationwide closure of factories if the federal government does not withdraw tax concessions granted to ghee factories in the Federally Administered Tribal Areas (FATA) and the Provincially Administered Tribal Areas (PATA).
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Karachi, June 27, 2024 – The Association of Builders and Developers (ABAD) has voiced concerns that the tax measures introduced in the 2024-25 budget will redirect the flow of dollars away from Pakistan.
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Karachi, June 27, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) expressed strong concerns on Thursday regarding the measures introduced in the Federal Budget 2024-25, warning that these could derail the country’s information technology (IT) industry.
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Karachi, June 24, 2024 – Muhammad Hanif Gohar, Former Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and General Secretary of the United Business Group (UBG) Sindh Zone, voiced strong criticism of the 2024-25 federal budget, warning that it would exacerbate smuggling activities rather than bolster the formal economy.
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Islamabad, June 24, 2024 – The Federal Board of Revenue (FBR) has initiated a nationwide audit of urea and fertilizer dealers to ensure they accurately report their earnings and pay the appropriate amount of income tax. According to an FBR statement issued on Monday, audit notices have been sent out to 437 cases.
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