(PkRevenue.com) – Engro Powergen Thar Private Ltd (EPTL) has made an urgent appeal to the Central Power Purchasing Agency Guarantee Ltd (CPPA-G) for the immediate settlement of its outstanding dues amounting to Rs65 billion.
(more…)Author: Shahnawaz Akhter
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Salaried Persons May Get 15% Raise in 2024-25 Budget
(PkRevenue.com) – Salaried employees in Pakistan may see a salary increase of up to 15 percent in the forthcoming 2024-25 budget, according to official sources. The government is actively considering various proposals to enhance the salaries of public sector employees in the upcoming fiscal year.
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FBR May Notify New Rules for Clearing Income Tax Refunds
(PkRevenue.com) – The Federal Board of Revenue (FBR) is on the verge of notifying new rules to streamline the clearance of outstanding income tax refunds through electronic means.
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Foreign Investors Take Out $887 Million from Pakistan
(PkRevenue.com) – Foreign investors have withdrawn a substantial $887 million from Pakistan between July 2023 and April 2024, according to official data released on Tuesday.
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Pakistan Customs Completes Business Process Mapping
PKRevenue.com – Pakistan Customs has successfully completed the business process mapping of its core functions within the first five months of a World Bank-funded project aimed at transforming customs operations.
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FBR Imposes Major Penalty on IRO for Causing Huge Loss
(PkRevenue.com) – The Federal Board of Revenue (FBR) has imposed a major penalty of compulsory retirement on Arif Javed, an Inland Revenue Officer (IRO) at the Regional Tax Office (RTO) in Multan, for deliberately causing a substantial loss to the national exchequer.
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Government Assures KCCI of Considering Budget Proposals
(PkRevenue.com) – The federal government assured the Karachi Chamber of Commerce and Industry (KCCI) on Monday that it would seriously consider their proposals for the 2024-25 budget.
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Pakistan Considers Pension Tax in 2024-25 Budget
Karachi (PkRevenue.com) – In a strategic move to bolster its revenue, Pakistan is poised to introduce a pension tax in the upcoming 2024-25 budget.
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FBR Generates Rs 87 Billion Income Tax from Bank Depositors
Karachi (PKRevenue.com) – In a significant fiscal achievement, the Federal Board of Revenue (FBR) has collected an impressive Rs 87 billion in income tax from bank depositors during the first ten months of the fiscal year 2023-24.
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FBR Proposes Suspending ST Registration for Flying Invoices
(PKRevenue.com) – The Federal Board of Revenue (FBR) has proposed a significant measure to combat tax evasion by suggesting the suspension of sales tax (ST) registration for individuals and entities issuing flying invoices.
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