Pakistan Revenue
ISLAMABAD: The government has directed all tax officials of Federal Board of Revenue (FBR) to submit their declaration of assets for the year ending June 30, 2022 by July 15, 2022. The FBR in this regard referring a letter of the Establishment Division, on Thursday intimated all the heads of Inland Revenue Service (IRS) and […]
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ISLAMABAD: The International Monetary Fund (IMF) has supported the monetary tightening by the State Bank of Pakistan (SBP) saying that it was necessary to bring down inflation. The IMF in a statement related to Staff Level Agreement (SLA) with Pakistan authorities, issued on Thursday said that Pakistan’s headline inflation exceeded 20 percent in June, hurting […]
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ISLAMABAD: The finance ministry will send a summary to reduce the prices of petroleum products for next fortnight on Wednesday, July 13, 2022, Finance Minister Miftah Ismail said on Tuesday. Earlier, Prime Minister Shehbaz Sharif directed the ministries of petroleum and finance to prepare the summary to reduce prices of petroleum products to provide relief […]
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ISLAMABAD: Pakistan likely to cut prices of petroleum products from July 16, 2022 in the wake of falling oil prices in the international markets. Prime Minister Shehbaz Sharif on Tuesday directed the authorities to pass on the full benefit of falling oil prices in the international markets to the masses. READ MORE: Gas price hike […]
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Pakistan has introduced a 10 percent tax on money transfers to non-residents lacking a permanent establishment within the country who derive income from various financial services.
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ISLAMABAD: Model Customs Collectorate (MCC) Gwadar has announced auction of motor vehicles on July 18, 2022 which will be held at Custom House Gwadar. Following is the list of motor vehicles to be presented for the auction: 01. Zamyad Pickup, Chassis No. NAZDL104TD-0068010 02. Zamyad Pickup, Chassis No. NAZPL140TB-N272445 READ MORE: Customs Sukkur to auction […]
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ISLAMABAD: The apex revenue collecting agency of Pakistan on Wednesday issued a draft to amend baggage rules. The Federal Board of Revenue (FBR) issued SRO 985(I)/2022 to propose amendments to the Baggage Rules, 2006. The draft proposed to substitute Rule 3 of the Baggage Rules, 2006. According to the substituted rule: READ MORE: Customs directed […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 101 retailers and directed them to integrate by July 10, 2022 otherwise action will be taken as per law. The FBR issued Sales Tax General Order (STGO) No. 1 of 2023 related to Tier-1 retailers for integration with FBR’s Point of Sale (POS) […]
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ISLAMABAD: Pakistan Tuesday allowed one-time release of consignment carrying imported goods that were banned by the government on May 19, 2022 and stuck up at ports. The country through SRO 598(I)/2022 imposed a ban on import of luxury and non-essential items in order to discourage outflow of dollars and support balance of payment. Due to […]
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KARACHI: The total import bill of Pakistan has crossed a record $80 billion mark, showing 42 per cent increase during fiscal year 2021/2022, according to official data released on Tuesday. The total import bill of the country increased to $80.02 billion during fiscal year 2021/2022 as compared with $58.38 billion in the preceding fiscal year, […]
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