Pakistan Revenue
ISLAMABAD: Pakistan has amended baggage rules to make currency declaration of an amount $1,000 while taking out of the country to Afghanistan. However, new slabs of currency declaration on the basis of age have also been announced. The Federal Board of Revenue (FBR) issued SRO 1864(I)/2022 dated October 10, 2022 to make changes in the […]
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ISLAMABAD: Pakistan may announce a sharp reduction in petroleum prices for next fortnight starting from October 16, 2022 owing to massive gain in value of local currency and lower prices of oil in international markets. Finance Minister Ishaq Dar has also hinted to reduce the oil prices significantly in order to stabilize the economy and […]
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ISLAMABAD: Pakistan Tax Bar Association (PTBA) has raised objections to amendments proposed in format as 16 million returns have already been filed for tax year 2022. In a letter sent to the chairman of the Federal Board of Revenue (FBR) on Monday October 10, 2022, the PTBA submitted objections and suggestions on the proposed amendments […]
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ISLAMABAD: Pakistan’s tax to GDP ratio has improved to 9.2 per cent in the fiscal year 2021-2022, the Federal Board of Revenue (FBR) said. In Pakistan, although the tax to GDP ratio has been low compared to other regional countries yet if viewed over the past so many years this ratio has significantly increased. “The […]
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KARACHI: Pakistan Customs has sealed over 1,600 petrol pumps across the country in its drive against smuggled petroleum products. The Federal Board of Revenue (FBR) in its performance report for the fiscal year 2021/2022 stated that Customs authorities initiated country wide operations against illegal POL outlets during the fiscal year. READ MORE: FBR directs IR […]
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ISLAMABAD: Federal Board of Revenue (FBR) has directed 85 big retailers to integrate their businesses with the Point of Sale (POS) system.
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ISLAMABAD: Federal Board of Revenue (FBR) has issued one million notices to registered taxpayers for enforcing compliance to the tax laws. FBR officials on Friday said that the FBR issued one million notices till June 30, 2022 in both income tax and sales tax to registered persons and entities having turnover Rs100 million and above […]
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ISLAMABAD: Federal Finance Minister Ishaq Dar has said that the government is trying to bring down the dollar price in order to ease the inflationary pressure. According to state media the finance minister said the government is taking measures to bring down dollar price to 200 rupees after which the prices of daily commodities would […]
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ISLAMABAD: Federal Board of Revenue (FBR) has unveiled strategy to achieve revenue collection target of Rs7.47 trillion during the ongoing fiscal year 2022-2023. Officials in the FBR on Thursday said that revenue target for 2022-2023 has been fixed at Rs7.47 trillion which demands growth of 21.5 per cent over the collection of Rs6.148 trillion made […]
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KARACHI: Faysal Bank Limited (FBL), one of the leading Islamic Banks in the country, and K-Electric have come together to ease customer’s payment burden in times of economic crunch. As part of the collaboration, Faysal Islami Noor Card holders will now be able to pay their electricity bills through easy instalment plan options of up […]
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