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.
(more…)Author: Mrs. Anjum Shahnawaz
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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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Foreign investors urge Pakistan to adopt cryptocurrencies
Foreign investors are urging Pakistan to adopt cryptocurrencies and develop a national strategy to promote their use, according to a report released on April 27, 2023 by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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Pakistan implements strict screening to prevent Monkeypox
In response to the detection of Monkeypox in the country, Pakistan on Wednesday implemented stricter screening measures for all inbound passengers.
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Political Crisis in Pakistan: Uncertainties over National Elections and Economic Stability
Pakistan has been facing a number of challenges, both economic and political, in recent years. The political crisis has only added to the existing economic woes, creating further uncertainty and instability.
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Petroleum prices set to adjust in Pakistan on April 30, 2023
Pakistan is set to adjust its petroleum prices on April 30, 2023, taking into account the current exchange rate fluctuations and prevailing oil prices in international markets.
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