Investment is an integral part of individual financial management. A certain portion of the amount of money we earn must be saved and invested for reaping benefits in future. If we continue to spend whatever we earn, there would come a time where we would feel financially handicapped. There are various areas and avenues of …
Download PDF As a routine annual ritual, we are pleased to present our bulletin on key changes proposed through Finance Bill, 2023 commonly known as Federal Budget 2023-24. This bulletin contains key changes in tax laws and our feedback wherever it is considered pertinent and relevant. Federal Budget 2023-24 is going to be the second …
The Federal Board of Revenue (FBR), on Monday, failed to explain the legality of “tax on deemed income” imposed on immovable properties through the Finance Act 2022 before the Lahore High Court (LHC). During the hearing of the case on Monday, LHC expressed serious concern over the incompetence of the FBR officials while explaining Section …
Income Tax Application on Deemed Income of Idle Properties is under Threat Read More »
The new government is going to initiate efforts to bring PayPal — an American company operating a worldwide online payment system to provide online payment solutions — to Pakistan. An official source told ProPakistani that Prime Minister (PM) Shehbaz Sharif will attend the annual meeting of the World Economic Forum in Davos, Switzerland next week where …
The Securities and Exchange Commission of Pakistan (SECP) has decided to introduce the concept of ‘index-based insurance’ or ‘parametric insurance’ that will make payments of insurance claims against the losses from weather and catastrophic events without the assessments of claims. Sources told Propakistani today that the concept has been introduced in the draft of the …
The Federal Shariat Court (FSC) on Thursday announced a verdict in a long-pending case on Riba (interest), declaring the prevailing interest-based banking system as against the Sharia and directed the government to facilitate all loans under an interest-free system. In its long-awaited verdict, the court ruled that the federal government and provincial governments must amend …
The Federal Shariat Court (FSC) on Thursday announced a verdict in a long-pending case on Riba (interest), declaring the prevailing interest-based banking system as against the Sharia and directed the government to facilitate all loans under an interest-free system. In its long-awaited verdict, the court ruled that the federal government and provincial governments must amend …
FBR’s Electronically Issued Notices are Legally Enforceable Now Read More »
Investment is an integral part of individual financial management. A certain portion of the amount of money we earn must be saved and invested for reaping benefits in future. If we continue to spend whatever we earn, there would come a time where we would feel financially handicapped. There are various areas and avenues of …
War in World’s Breadbasket and the Threat to World Food Security Read More »