Headline inflation reaches historic high of 36.4% in April 2023
According to official statistics released on Tuesday, Pakistan’s headline inflation reached a historic high of 36.4% in April 2023.
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Author: Mrs. Anjum Shahnawaz
Govt. claims big relief in petroleum prices for first half of May 2023
The government of Pakistan on Monday claimed a big relief in petroleum prices for the first half of May 2023.
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SRB imposes fee for obtaining document of taxpayers
Sindh Revenue Board (SRB) has imposed a fee for obtaining attested document related to taxpayers besides increasing the fee for attested page of any document.
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Over 30,000 return filers get active taxpayers status
On May 1, 2023, the Federal Board of Revenue (FBR) announced that more than 30,000 filers had been added to the Active Taxpayers List (ATL).
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Pakistan reduces petroleum prices effective from May 01, 2023
Pakistan on Sunday announced a reduction in prices of petroleum products for the first half of May 01, 2023, following a considerable decline in international oil prices.
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FTO directs revamping tax deregistration of deceased individuals
The Federal Tax Ombudsman (FTO) has taken notice of repeated notices being issued to deceased individuals with zero assets and has instructed the Federal Board of Revenue (FBR) to revamp the deregistration system to prevent this from happening.
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Pakistan’s economy still struggling with high inflation, economic slowdown
Pakistan’s economy is still facing significant challenges, with high inflation and a slowdown in economic activity. Persisting risks to the fiscal side are consequent to below the target set for the first nine months of the current fiscal year.
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FBR offices work on weekly holidays to avoid tax revenue shortfall
KARACHI: The offices of Federal Board of Revenue (FBR) are working on weekly holidays in order to avoid shortfall in tax revenue.
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Pakistan mulls relaxing disclosure limit of foreign exchange in local currency
Pakistan is likely to relax the limit to disclose foreign exchange in local currency under tax laws after experiencing a significant depreciation in the local currency over the past few years.
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FBR promotes 25 customs officers to BS-18
With immediate effect, the Federal Board of Revenue (FBR) Friday notified promotion of BS-17 officers of Pakistan Customs Service to BS-18 on a regular basis.
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