State-Owned Enterprises (SOEs) are seeking exemptions from income tax, despite an amendment to Section 134A of the Income Tax Ordinance, which mandates SOEs to use the Alternative Dispute Resolution (ADR) process to validate their exemptions.
The ADR mechanism facilitates resolving tax Read More...
According to data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement despatches in December 2024 stood at 3.370 million tons, down 4.76% from 3.539 million tons in December 2023.
On the other hand, export despatches saw a sharp rise of 49.35%, climbing from Read More...
The Appellate Tribunal Inland Revenue (ATIR) has ruled that prolonged inaction and silence by Federal Board of Revenue (FBR) officials in recovering confirmed tax demands justify condoning delays in taxpayers appeals
It is reliably reported that the appeal was argued by Lahore-based tax Read More...
The Khyber Pakhtunkhwa Revenue Authority (KPRA) has collected an impressive Rs24.2 billion in the first half of the financial year 2024-25, reflecting a remarkable 45% growth compared to the same period last year.
In the corresponding period last year, KPRA collected Rs16.7 billion, Read More...
Pakistan’s goods imports surged to $5.2 billion in December 2024, marking the highest monthly figure in two years and reflecting an $800 million increase from November’s $4.4 billion. This rebound follows a dip to $4.5 billion in December 2023, signaling a renewed momentum in trade flows and Read More...
ISLAMABAD: Pakistan's services exports saw a 7.8% increase during the first five months of the current fiscal year, reaching $3.275 billion, up from $3.044 billion in the same period of the previous year, according to data from the Pakistan Bureau of Statistics.
This growth highlights the Read More...
Pakistan’s exports saw a 10.52% increase in the first half (July-December) of fiscal year 2024-25, reaching $16.561 billion, compared to $14.985 billion in the same period last year, according to data from the Pakistan Bureau of Statistics (PBS).
Imports also rose by 6.11%, climbing to Read More...
The Securities and Exchange Commission of Pakistan (SECP) has revoked the licenses of four securities brokerages due to non-compliance with regulations.
As a result, the Pakistan Stock Exchange (PSX) has suspended or deactivated the trading terminals of the affected firms.
The SECP Read More...
The Federal Board of Revenue (FBR) has officially requested Oil Marketing Companies (OMCs) to provide their responses concerning the Pakistan Oil Refining Policy 2023, which aims to modernize existing refineries.
This request arises from discussions on the policy's financial and Read More...
The Punjab government has generated approximately Rs 650 billion in tax revenue through e-Pay Punjab, a platform developed by the Punjab Information Technology Board (PITB) in partnership with the Punjab Finance Department.
With over 73.94 million transactions processed so far, this Read More...
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