Pakistan Revenue
Islamabad, July 13, 2024 – The citizens of Pakistan may be in for some unwelcome news at the pump as petrol and diesel prices are expected to rise significantly in the second half of July. Industry sources suggest an increase effective from July 16th, driven by rising global oil prices.
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Islamabad, July 13, 2024 – Prime Minister Muhammad Shehbaz Sharif on Saturday directed the Federal Board of Revenue (FBR) authorities to tighten their belts and serve the nation by formulating a strategy and mechanism, coupled with the usage of the latest technology, to broaden the tax net without further burdening the honest taxpayers.
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Islamabad, July 13, 2024 – Prime Minister Muhammad Shehbaz Sharif expressed deep satisfaction on Saturday following Pakistan’s successful negotiation of a staff-level agreement with the International Monetary Fund (IMF) for a new $7 billion loan program. The agreement, spanning over 37 months, is poised to bolster Pakistan’s economy amidst ongoing financial challenges.
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Islamabad, July 12, 2024 – Get ready for a soaking! Pakistan’s monsoon season is in full swing, with the Pakistan Meteorological Department (PMD) predicting widespread thundershowers across the country on Saturday, July 13th.
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Pakistan and Azerbaijan pledged to significantly strengthen their economic ties, aiming for a combined investment of US$2 billion in mutually beneficial projects. This ambitious target was announced by Pakistani Prime Minister Muhammad Shehbaz Sharif during a joint press conference with Azerbaijani President Ilham Aliyev on Thursday.
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Islamabad: Finance Minister Muhammad Aurangzeb has announced that the size of the new International Monetary Fund (IMF) Extended Fund Facility (EFF) for Pakistan will be determined within a week.
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Islamabad: The Federal Board of Revenue (FBR) is set to announce a new, simplified tax system tailored for traders, shopkeepers, and retailers in 42 Pakistani cities. This initiative aims to replace the existing complex square-footage based tax system with a more straightforward flat tax rate determined by shop location and category.
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Islamabad, July 11, 2024 – The President of Pakistan has sanctioned an Ad hoc Relief Allowance for government employees, effective from July 1, 2024. This initiative, announced by the Finance Division, will benefit federal government employees, including Armed Forces personnel, Civil Armed Forces, Civil Employees, and civilians paid from defense estimates, encompassing contingent paid staff […]
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Prime Minister Shehbaz Sharif chaired a significant meeting on Thursday, focusing on eliminating corruption within Pakistan Customs while enhancing operational efficiency through advanced technology.
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As Citizens of Pakistan gear up for their daily commutes and travel plans, staying informed about the latest petroleum prices has become crucial.
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