The Privatization Commission of Pakistan has shortlisted six parties for the potential acquisition of Pakistan International Airlines (PIA), marking a significant step forward in the national carrier’s divestment process.
(more…)Author: Mrs. Anjum Shahnawaz
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Relief on the Horizon: PMD Forecasts Rain for Upper Pakistan
PkRevenue.com – The Pakistan Meteorological Department (PMD) has forecasted rain for the upper areas of Pakistan on Tuesday, June 4, 2024.
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Business Community Anticipates Currency Depreciation in 2024-25
PkRevenue.com – The Pakistan Business Forum (PBF) has issued a warning that the business community is likely to face further depreciation of the local currency in the upcoming fiscal year.
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CPI Inflation Contracts to 29-Month Low at 11.8% in May 2024
PkRevenue.com – In a notable shift, the headline inflation based on the Consumer Price Index (CPI) has contracted to a 29-month low, reaching 11.8 percent in May 2024. This development, reported by the Pakistan Bureau of Statistics (PBS), signifies a substantial decrease from the 17.3 percent recorded in the previous month and an even more dramatic drop from the 38.0 percent observed in May 2023.
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Saudi Arabia Launches Action Against Unauthorized Hajj Pilgrims
PkRevenue.com – Saudi Arabia has initiated strict measures to curb unauthorized Hajj pilgrimages, imposing fines of up to Saudi Riyal (SAR) 10,000 and deportation for violators starting June 2, 2024.
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PMD Predicts Very Hot Weather for Plain Areas on June 3
PkRevenue.com – The Pakistan Meteorological Department (PMD) has issued a warning for extremely hot weather in the plain areas of the country on Monday, June 3, 2024.
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FBR Considers Complete Overhaul of Tax on Property Transactions
PkRevenue.com – The Federal Board of Revenue (FBR) is contemplating a comprehensive overhaul of the taxation system related to property transactions.
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FBR Declares NLC Sultanabad Karachi as Customs Port
PkRevenue.com – The Federal Board of Revenue (FBR) has officially designated the Off-Dock Terminal operated by the National Logistics Corporation (NLC) in Sultanabad, Karachi, as a customs port.
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FTO Recommends Simplification of Income Tax Returns
PkRevenue.com – The Federal Tax Ombudsman (FTO) has proposed that tax authorities streamline income tax returns to make it easier for taxpayers to fulfill their civic duties.
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PMD Forecasts Rain for Northern Balochistan on June 2
PkRevenue.com – The Pakistan Meteorological Department (PMD) has forecasted rain for northern Balochistan on Sunday, June 2, 2024. In its latest weather advisory, the PMD indicated that while most parts of the country will experience predominantly hot weather, some regions will face windstorms, gusty winds, and isolated rain-thunderstorms.
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