Islamabad, October 2, 2024 – The Federal Board of Revenue (FBR) on Wednesday unveiled a series of re-designations and mergers within its organizational structure as part of an ongoing transformation and restructuring initiative. The changes, which are effective immediately, aim to streamline operations and enhance efficiency across various departments of the FBR.
(more…)Author: Mrs. Anjum Shahnawaz
-
Sindh to Experience Dust Raising Winds on October 3, 2024
Islamabad, October 2, 2024 – The Pakistan Meteorological Department (PMD) has issued a weather advisory indicating that Sindh province is likely to experience dust-raising winds on Thursday, October 3, 2024. This warning highlights potential weather disturbances that could affect daily life and activities across the region.
(more…) -
Oil Prices Surge 5% Following Iran’s Missile Strike on Israel
Oil prices surged nearly 5% on Tuesday in response to escalating geopolitical tensions after Iran launched a barrage of missiles toward Israel. This action has sent shockwaves through the energy market, intensifying concerns over the stability of oil supplies from the Middle East.
(more…) -
FTO Establishes Facilitation Desk for Tax Return Filing
Islamabad, October 1, 2024 – In a significant move to alleviate challenges faced by taxpayers, the Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah on Tuesday launched a dedicated taxpayer facilitation desk at the FTO headquarters in collaboration with the Federal Board of Revenue (FBR).
(more…) -
Prime Minister Shehbaz Hails Record Low Inflation in 44 Months
Islamabad, October 1, 2024 – Prime Minister Muhammad Shehbaz Sharif on Tuesday expressed satisfaction over the sharp decline in inflation, which has now fallen to its lowest level in the past 44 months. The inflation rate, recorded at 6.9 percent year-on-year in September 2024, marks a significant milestone in the government’s efforts to ease the financial burden on the masses.
(more…) -
Hot and Dry Weather Expected Across Pakistan on Oct 2
Karachi, October 1, 2024 – The Pakistan Meteorological Department (PMD) has predicted a continuation of the hot and dry weather across the country on Wednesday, October 2, 2024. According to the latest updates, continental air is prevailing over most regions, intensifying the dry conditions.
(more…) -
FBR Surpasses September Target but Faces Shortfall for First Quarter
Islamabad, October 1, 2024 – In a mixed financial performance for the start of the fiscal year, the Federal Board of Revenue (FBR) managed to surpass its revenue collection target for September 2024, but fell short of the ambitious tax collection target for the first quarter (July-September) of the fiscal year 2024-25. This outcome highlights the ongoing challenges in tax mobilization, despite various revenue-generating measures introduced earlier this year.
(more…) -
FBR Declines to Extend Deadline for 2024 Tax Returns Filing
Islamabad, September 30, 2024 – In a move that has disappointed millions of taxpayers across the country, the Federal Board of Revenue (FBR) on Monday confirmed that it will not be extending the deadline for the submission of income tax returns for the tax year 2024.
(more…) -
Pakistan Slashes Petroleum Prices for October’s First Fortnight
Islamabad, September 30, 2024 – In a welcome development for consumers, Pakistan’s federal government announced a significant reduction in petroleum prices for the first half of October 2024.
(more…) -
FBR Unveils Single Sales Tax Return for Key Sectors in Groundbreaking Demonstration
Islamabad, September 30, 2024 – In a significant stride towards simplifying Pakistan’s tax compliance regime, the Federal Board of Revenue (FBR) on Monday showcased the much-anticipated Single Sales Tax Return (SSTR) for three pivotal sectors of the economy.
(more…)