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Pakistan, World Bank Discuss Tax Policy Framework

02-Dec-2024
Pakistan and the World Bank held discussions on Tuesday to develop a robust and transparent tax policy framework aimed at boosting revenue mobilization, improving compliance, and ensuring equitable ta...
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Pakistan, World Bank Discuss Tax Policy Framework

Tax on Telephone and Internet Users in Pakistan for TY 2025

02-Dec-2024
The Federal Board of Revenue (FBR) has reiterated its policy of collecting advance income tax from telephone and internet users under Section 236 of the Income Tax Ordinance, 2001.The FBR stated that ...
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Tax on Telephone and Internet Users in Pakistan for TY 2025

Carpet Manufacturers Seek Urgent Customs Duty Relief

02-Dec-2024
The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has called for immediate relief from customs duties that are severely hampering the survival and growth of the carpet manufacturing ...
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Carpet Manufacturers Seek Urgent Customs Duty Relief

KCCI Demands Removal of MRP Tea Valuation for Tax Collection

02-Dec-2024
The Karachi Chamber of Commerce and Industry (KCCI) has urged the authorities to remove the Minimum Retail Price (MRP) regulation from the tax valuation of tea. In a statement issued on Monday, KCCI P...
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KCCI Demands Removal of MRP Tea Valuation for Tax Collection

ATIR Rejects FBR Appeal Against Supernet on Technical Grounds

02-Dec-2024
The Appellate Tribunal Inland Revenue (ATIR) Islamabad dismissed an appeal filed by the Federal Board of Revenue (FBR) against M/s. Supernet Limited. The tribunal ruled the appeal non-maintainable und...
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ATIR Rejects FBR Appeal Against Supernet on Technical Grounds

Foreign Investors Withdraw $807 Million from Pakistan in 4MFY25

02-Dec-2024
Foreign investors operating in Pakistan repatriated over $807 million under the head of profit and dividends during the first four months (July–October) of the fiscal year 2024-25, according to offici...
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Foreign Investors Withdraw $807 Million from Pakistan in 4MFY25

Pakistan’s Net Forex Reserves Increase by $108 Million

02-Dec-2024
Pakistan’s net foreign exchange (forex) reserves have risen by $108 million for the week ending November 22, 2024, according to the State Bank of Pakistan (SBP) report released on Thursday.The country...
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Pakistan�s Net Forex Reserves Increase by $108 Million

Pakistan’s Headline Inflation Drops to 4.9% in November 2024

02-Dec-2024
Pakistan’s headline inflation, measured through the Consumer Price Index (CPI), eased significantly to 4.9% year-on-year in November 2024, reflecting improved economic stability.
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Pakistan�s Headline Inflation Drops to 4.9% in November 2024

FBR Adds 0.3 Million Active Taxpayers to ATL for 2024 in November

02-Dec-2024
The Federal Board of Revenue (FBR) has added approximately 0.3 million taxpayers to its Active Taxpayers List (ATL) for the tax year 2024 during November. The updated list now reflects 5.64 million ac...
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FBR Adds 0.3 Million Active Taxpayers to ATL for 2024 in November

FBR Amends Rules for Temporary Import of Vehicles

02-Dec-2024
The Federal Board of Revenue (FBR) has introduced significant amendments to the rules governing the temporary import of vehicles by tourists into Pakistan. These changes, formalized through SRO 1965(I...
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FBR Amends Rules for Temporary Import of Vehicles
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