Prime Minister Muhammad Shehbaz Sharif on Friday congratulated the nation on the record increase in foreign remittances in December 2024, saying the claims of those who were chanting to halt the country’s economy have been proven to be baseless. Foreign remittances increased during December 2024 to $3.1 billion compared to November 2024, recording a monthly … Read more
The Appellate Tribunal of Inland Revenue (ATIR) in Islamabad has dismissed an appeal filed by an overseas Pakistani over the use of electronically scanned signatures on the affidavit and appeal documents. The two-member First Division panel of ATIR issued the decision in favor of the Federal Board of Revenue (FBR), raising concerns among tax professionals … Read more
The Federal Board of Revenue (FBR) has granted overseas Pakistanis exemptions from high tax rates under Sections 236C and 236K of the Income Tax Act, 2001, even if they are not on the Active Taxpayers List (ATL). As per the latest FBR notification, non-resident Pakistanis holding Pakistani Origin Cards (POC) or National Identity Cards for … Read more