Pakistan Revenue
ISLAMABAD: The finance division on Wednesday issued the new prices of petroleum products with effect from December 01, 2022. According to a notification, the prices of petroleum products with effect from December 01, 2022 will be as follows: Petrol price will be remained unchanged at Rs224.80 per liter. READ MORE: Pakistan may impose petroleum tax […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued a circular to notify the third extension in date for return filing tax year 2022. The FBR issued Circular No. 18 of 2022 to further extend the date for filing annual return for tax year 2022 up to December 15, 2022 from November 30, 2022. Further […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday announced to collect Rs2.69 trillion during first five months (July – November) 2022/2023 (5MFY23) surpassing revenue target for the period, despite no tax on petroleum products. In a statement the FBR said that it had continued to demonstrate excellent performance in revenue collection for the fifth consecutive […]
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ISLAMABAD: Pakistan on Wednesday kept the prices of petrol and high speed diesel (HSD) for next fortnight starting December 01, 2022. However, the prices of kerosene oil and light speed diesel (LDO) reduced by Rs10 per liter and Rs7.5 per liter, respectively. READ MORE: Pakistan to decide petroleum prices effective from December 01, 2022 Finance […]
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ISLAMABAD: The federal government on Wednesday extended the last date for filing income tax returns by 15 days to December 15, 2022 from November 30, 2022. Finance Minister Ishaq Dar at a press conference announced the extension in return filing date. READ MORE: Another tax return filing date extension on the cards? A large number […]
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Pakistan Telecommunication Authority (PTA) has extended the last date for registration of Virtual Private Network (VPN) up to December 31, 2022. The PTA said that usage of any mode of communication such as VPN by means of which communication becomes hidden or encrypted is a violation of PTA regulations. The authority said it had extended […]
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ISLAMABAD: Pakistan on Tuesday slapped regulatory duty at 5 per cent on the import of filament yarns. The 5 per cent regulatory duty would be imposed on filament Yarns falling in Pakistan Customs Tariff (PCT) of 5402.3300, 5402.4600, 5402.4700, 5402.5200 and 5402.6200. The decision has been taken at a meeting of Economic Coordination Committee of […]
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ISLAMABAD: Finance Minister Ishaq Dar Tuesday said that the Pakistan will repay foreign debt against international bonds on time. The finance minister said at a meeting with a delegation of institutional investors at Finance Division. Ishaq Dar further asserted that present government aims at successfully completing the IMF program and shared that the government will […]
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ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif Tuesday said Pakistan is out of default risk due to difficult decisions taken by the present government. The prime minister said the government was taking all possible steps to further strengthen the national economy and was striving with priority measures to reduce price hike and provide relief to the […]
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KARACHI: Federal Board of Revenue (FBR) has established 16 check posts to monitor supplies from sales tax exempt areas. The FBR issued SRO 2061(I)/2022 on Monday to notify the check posts and coverage of areas by the mobile squads. READ MORE: Tax on deemed income from immovable property under Section 7E Under Section 40D of […]
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