Pakistan Revenue
ISLAMABAD: The Federal Board of Revenue (FBR) has detected that traders in supply chain fraudulently declaring goods in sales tax returns. The FBR issued Sales Tax General Order (STGO) No. 13 of 2022 dated April 07, 2022 regarding purchases and supplies made by importers, wholesalers, dealers and distributors in sales tax return. The Sales Tax […]
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KARACHI, April 07, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Thursday, April 07, 2022.
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The Federal Board of Revenue (FBR) has issued an exemption on customs duty for the import of oxygen gas and oxygen cylinders.
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Karachi, April 06, 2022 – The State Bank of Pakistan (SBP) has released the latest exchange rates for foreign currencies against the Pakistani Rupee (PKR) on Wednesday, April 06, 2022.
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ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday increased the valuation of steel products considering rising commodity prices in the international markets. The FBR has fixed the valuation of steel products for the collection of sales tax, instead of the prevailing rates in the open market. The fixed valuation is the minimum price on […]
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ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday issued a list of 185 retailers for mandatory integration with online tax system. The FBR directed the retailers to integrate with the online tax system by April 10, 2022 in order to avoid harsh action. The revenue body issued Sales Tax General Order No. 11 of […]
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ISLAMABAD: Pakistan’s trade deficit in the month of March 2022 increased by only 5.5 per cent due to higher growth of exports during the month. According to data released by Pakistan Bureau of Statistics (PBS) on Monday, the exports recorded a growth of 16 per cent to $2.74 billion in March 2022 as compared with […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has decided to allow tax exemption to industries located in erstwhile FATA/PATA on the basis quota determined against installed capacity. An important meeting held in FBR Headquarter on April 01, 2022, (Friday). Chairman FBR Dr. Muhammad Ashfaq Ahmed reviewed progress regarding determination of quota for import of raw […]
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ISLAMABAD: Pakistan’s headline inflation based on Consumer Price Index (CPI) increased by 12.7 per cent in March 2022 on year on year (YoY) basis as compared with an increase of 12.2 per cent in the previous month and 9.1 per cent in March 2021. On month-on-month basis, it increased by 0.8 per cent in March […]
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ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday said that the revenue collection in March 2022 registered a growth of over 20 per cent despite political uncertainties and import compression.
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