PkRevenue.com – Pakistan has achieved a historic milestone by recording all-time high monthly remittances of $3.24 billion in May 2024, according to official data released on Friday by the State Bank of Pakistan (SBP).
(more…)Author: Shahnawaz Akhter
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KCCI Hails Decision of Industry Status to Warehouse and Logistics
The Karachi Chamber of Commerce and Industry (KCCI) has warmly welcomed the government’s decision to declare warehouses and logistics as an industry. This long-awaited move has been a major demand of the business and industrial community, and its fulfillment marks a significant step towards creating a more conducive business environment.
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FPCCI Demands Abolishing Deemed Income Tax Under Section 7E
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on tax authorities to abolish the deemed income tax under Section 7E of the Income Tax Ordinance, 2001.
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Pakistan Set to Bring Gold and Jewelry into Formal Economy
PkRevenue.com – In a significant move towards economic documentation, Pakistan has decided to integrate its gold and jewelry sector into the formal economy.
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What Tax Measures Are on the Cards in Pakistan 2024-25 Budget?
PkRevenue.com – Pakistan is gearing up to announce its budget for the fiscal year 2024-25 next week, but the tax measures remain unresolved. These decisions are critical for generating additional tax revenue to support the country’s economic framework.
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Pakistan’s Foreign Exchange Reserves Dip by $99 Million
PkRevenue.com — Pakistan’s foreign exchange reserves witnessed a decline of $99 million during the week ending May 31, 2024, according to a statement released by the State Bank of Pakistan (SBP) on Thursday.
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ICAP Proposes Anti-Smuggling Measures for Afghan Transit Trade
PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has called for stricter measures to address rampant smuggling plaguing the Afghan Transit Trade (ATT).
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ICAP Unveils Measures to Secure CPEC from Smuggling Woes
PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has proposed a series of measures to be incorporated in the upcoming budget for 2024-25.
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UNISAME Pushes for Stronger SMEDA to Empower SMEs
PkRevenue.com – The Union of Small and Medium Enterprises (UNISAME) has called on the government to empower the Small and Medium Enterprises Development Authority (SMEDA) to effectively address the issues facing the SME sector.
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Pakistan Stock Braces for Potential Tax Hike in 2024-25 Budget
PkRevenue.com – Pakistan stock market is jittery over rumors of an increase in capital gains tax (CGT) and dividend tax in the upcoming budget.
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