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SECP Cancels Licenses of Four Securities Brokerages Due to Regulatory Violations

02-Jan-2025
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) h...
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SECP Cancels Licenses of Four Securities Brokerages Due to Regulatory Violations

FBR Seeks OMC Feedback on Pakistan Oil Refining Policy 2023

02-Jan-2025
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...
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FBR Seeks OMC Feedback on Pakistan Oil Refining Policy 2023

Punjab Collects Rs 650 Billion via e-Pay Punjab

02-Jan-2025
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 Pun...
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Punjab Collects Rs 650 Billion via e-Pay Punjab

PRA Achieves Exceptional Growth in December 2024, Exceeding Tax Targets

02-Jan-2025
The Punjab Revenue Authority (PRA) achieved remarkable growth in December 2024, reporting a 16.16% increase compared to the same month last year and a 19% rise from November 2024.According to the PRA ...
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PRA Achieves Exceptional Growth in December 2024, Exceeding Tax Targets

Record Complaints Resolved by Federal Tax Ombudsman in 2024

02-Jan-2025
The Federal Tax Ombudsman (FTO) efficiently addressed 12,941 taxpayer complaints against the Federal Board of Revenue (FBR) during 2024, out of a record-high 13,506 complaints received in this period....
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Record Complaints Resolved by Federal Tax Ombudsman in 2024

PM Shehbaz Acknowledges Revenue Gap, Stresses Urgent Need for Action

01-Jan-2025
During a cabinet meeting on Wednesday, the Prime Minister praised the performance of government officials but pointed out a significant “gap” between actual revenue collection and the targets set."Whi...
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PM Shehbaz Acknowledges Revenue Gap, Stresses Urgent Need for Action

Importers of Cocoa Powder Denied Dual Exemption Claims in Customs Duty Case

01-Jan-2025
Importers of cocoa powder have been denied the ability to claim exemptions under two separate notifications simultaneously. The issue arose when importers claimed customs duty exemption under SRO 1261...
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Importers of Cocoa Powder Denied Dual Exemption Claims in Customs Duty Case

Landmark ATIR Decision Calls for Accountability in FBR Operations

01-Jan-2025
Appellate Tribunal Inland Revenue (ATIR) has issued a significant ruling, directing the Federal Board of Revenue (FBR) chairman to treat a specific case as a test case. The tribunal has instructed the...
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Landmark ATIR Decision Calls for Accountability in FBR Operations

PALSP Calls for End to Misused Tax Exemptions in Tribal Areas

01-Jan-2025
 The Pakistan Association of Large Steel Producers (PALSP) has called on the government to revoke the unjust tax exemptions granted to industrial units in the former tribal areas, arguing these a...
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PALSP Calls for End to Misused Tax Exemptions in Tribal Areas

IHC Slams FBR for Unlawful Tax Deduction from PTAs Account

31-Dec-2024
 The Islamabad High Court (IHC) on Monday issued a detailed verdict regarding the deduction of Rs1.37 billion from the Pakistan Telecommunication Authority (PTA) bank account by the tax departmen...
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IHC Slams FBR for Unlawful Tax Deduction from PTAs Account
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