Leads Tax Advisors

29/01/2024

آج ہی گھر بیٹھے اپنی فائیل رٹرن کروائیں اور اضافی ٹیکس سے بچیں۔ یہ انکم ٹیکس فائل کرنے کے فوائد ہیں۔
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28/01/2024

The State Bank of Pakistan (SBP), in its pursuit of economic stability, maintained its policy rate at 22.00%, a stance reflecting its commitment to balanced economic growth. Monetary Policy meeting due on January, 29, 2024.

In the weekly snapshot, foreign exchange reserves showed a modest increase, with the SBP's reserves jumped to 8,270.50 million USD, a reassuring sign of financial stability.

On the monthly front, the Consumer Price Index (CPI) inched up to 255.24, pointing to a continued watch on inflation. The Wholesale Price Index (WPI) and Sensitive Price Indicator (SPI) followed similar trends, underscoring the ongoing focus on price levels.

Pakistan's trade dynamics presented a challenging picture, with exports at 2,822.00 million USD against imports of 4,650.00 million USD, highlighting the trade deficit concerns. However, the silver lining appeared in the form of robust home remittances and foreign investments, signaling confidence in Pakistan's economic potential.

In the larger context, the annual indicators painted a mixed portrait of Pakistan's economy. While the GDP growth rate showed a contraction at -0.17%, sectors like agriculture and services indicated resilience. The budget deficit and total debt, however, remain areas of focused attention.

READ MORE ON OUR WEBSITE. LINK IN BIO!

https://mmfinancials.pk/weekly-analyzation-of-pakistans-economys-trends-and-insights/

27/01/2024

The ECP's Spokesperson, Syed Nadeem Hyder, along with Additional Director General Nighat Sadique and the Project Director of the Project Management Unit, made the announcement regarding the decision to make the SMS service 8300 free of charge.

27/01/2024

The recommendations on reforms in the tax machinery have been finalised by the inter-ministerial committee formed to deliberate on the Federal Board of Revenue (FBR)’s restructuring.

Sources told Business Recorder that the committee under the chair of caretaker Finance Minister, Dr Shamshad Akhtar discussed in detail the proposed restructuring of FBR during the last two meetings including the concerns raised by top management of FBR and Inland Revenue Service on inclusion of private professionals in the oversight board.

27/01/2024

Tax authorities are accused of ignoring amendments to the sales tax law devising special procedure for steel re-rolling mills.

Sources said the field formations were charging steel re-rolling mills sales tax against their final discharge of liability while ignoring amendments to the law.

According to the sources, sales tax special procedures rules have been enacted for steel re-rolling mills which contain an overriding clause prevailing over general charging of sales tax. A particular rate and mechanism for the imposition of sales tax on steel re-rollers has been prescribed in the rules as a final discharge of tax liability.

27/01/2024

No worries

27/01/2024