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 President Muhammad Jawed Bilwani expressed strong opposition to the recent decision by the Read More...
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 under the amended provisions of the Income Tax Ordinance, 2001, introduced through the Tax Laws Read More...
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 official data released on Read More...
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’s total net forex reserves stood at $16.076 billion by the end of the week, marking an Read More...
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 Read More...
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 active taxpayers as of December 1, 2024, based on income tax returns filed up to that Read More...
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)/2024 on November 27, 2024, modify Rule 77 of the Customs Rules, 2001, with stricter conditions Read More...
The Pakistan Stock Exchange (PSX) achieved another historic milestone as the KSE-100 index surged to a record high of 102,664.34 points, marking an increase of 1,307.02 points, or 1.29%, during today's intra-day Read More...
The price of gold in Pakistan fell by Rs1,700 per tola on Monday, following a decrease in international gold rates.
The decline was attributed to a drop of $17 in the price of gold per ounce in the global bullion market, which is now trading at $2,633 per ounce.
In Read More...
The Federal Tax Ombudsman (FTO) has instructed the Federal Board of Revenue (FBR) to direct Member-IR (Operations) to create a Standard Operating Procedure (SOP) to help non-filers reactivate their blocked mobile phone SIMs.
According to an order issued by the FTO on Monday, FBR’s Chairman Read More...
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