IMF appreciates Pakistan’s efforts to normalize situation: SBA Meeting
The International Monetary Fund Mission Chief, Nathan Porter appreciated the government’s commitment to meeting the first Quarter targets and commended its efforts and measures taken in some critical areas.
Adil Aziz
FBR record revenue collection of Rs.2,748 Billion in July-October 2023
FBR has collected Rs.2,748 Billion (2022: 2,159 Billion) against assigned target of Rs.2,682 Billion, thereby exceeding it by Rs.66 Billion. FBR has put in tremendous efforts to achieve revenue target for the month of October, 2023.
Editor
Pakistan’s economic growth gain momentum: Economic Outlook Report
The economic indicators of first quarter of the current fiscal year (2023-24) show Pakistan’s economy had set the growth momentum and was yielding positive results owing to government’s stabilization measures, according to the finance ministry.
Nadra, sharing data with FBR to increase taxpayers
Chairman Federal Board of Revenue (FBR) Malik Amjed Zubair Tiwana held a meeting with Chairman National Database and Registration Authority (NADRA) Lieutenant General Muhammad Munir Afsar at FBR Headquarters.
Mehfooz
SECP registers 2,477 new companies in September
Foreign investment has been reported in 82 new companies The Securities and Exchange Commission of Pakistan registered 2,477 new companies in September 2023, bringing the total number of companies in Pakistan to 202,892. The total capitalization (paid up capital) of newly incorporated companies stood at Rs. 1.59 billion, said a press release issued. Private limited…
FBR extends for filing of income tax returns by October 31st
The Federal Board of Revenue has decided to extend the date of filing of income tax returns by October 31st, 2023, for tax year 2023. This decision for the person who is required to file their returns by September 30, 2023, is extended to October 31, 2023, in view of the request from various trade…
Pakistan, Germany sign convention for eliminating double taxation
Federal Board of Revenue has initiated re-negotiations on the agreement for the eliminating double taxation with respect to taxes on income and the prevention of Tax Evasion and Avoidance between Pakistan and Germany. In this connection, tax delegations of both the countries met here for the first round of negotiations from September 18. The first…
SECP registered 2,847 new companies in the month of August 2023
The Securities and Exchange Commission of Pakistan (SECP) registered 2,847 new companies in the month of August 2023, taking the total number of registered companies in the country to 200,629. The incorporations recorded 20.6% increase as compared to the same period last year and 99.7% were registered online. The total capitalization of these companies was…
FDI increases by 17.3% in August: Economic Outlook Report
Foreign Direct Investment in the country during first month of current financial year (2023-24) witnessed about 17.3 percent growth as compared to the investment of the corresponding month of last year. By the month of July 2023, the FDI reached $87.7 million against the investment of $ 74.8 million in same period of the last…
Commerce Ministry & FBR to introduce track, trace system for transparent cotton trade
The Ministry of Commerce and Federal Board of Revenue collaborated to introduce track and trace system for transparent cotton trade. The development took place in a meeting of Malik Amjad Zubair Tiwana, Chairman of the Federal Board of Revenue (FBR), with Dr. Gohar Ejaz, the Caretaker Federal Minister for Commerce, Industries and Production, said by…