Pakistan Revenue
Pakistan’s economy is facing severe challenges, teetering on a make-or-break point. The current crisis is not the fault of any single government but reflects seventy years of policy and economic mismanagement. While the government touts improvements in macroeconomic indicators, the key question is whether the deeper issues of structural distortions and imbalances are being addressed. […]
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The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Tuesday, October 15, 2024, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
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Karachi, October 14, 2024 – The Large Taxpayers Office (LTO) Karachi convened a high-profile conference on Monday with corporate sector leaders, issuing a stern warning that the Federal Board of Revenue (FBR) has officially declared war on fraudulent sales tax practices.
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Sabrina Carpenter has openly expressed her admiration for Taylor Swift, calling the music icon her “role model” and praising her for being gracious and supportive throughout her career. During an exclusive interview on CBS This Morning, Carpenter, 25, discussed the influence Swift, 34, has had on her journey, especially after performing as the opening act […]
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Islamabad, September 27, 2024 – The Pakistan Meteorological Department (PMD) announced on Friday that moist currents from the Bay of Bengal have begun to penetrate the upper and central parts of the country, bringing much-needed rainfall. These moisture-laden winds, combined with a westerly wave currently affecting the same regions, are expected to create favorable conditions […]
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Islamabad, September 13, 2024 – The Pakistan Meteorological Department (PMD) has issued its weather forecast for today, highlighting a significant shift in conditions for various parts of the country.
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On September 4, 2024, the buying rate of one Saudi Riyal (SAR) in Pakistani Rupees (PKR) in the open market was Rs 74.14, while the selling rate was Rs 74.46.
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Karachi, August 31, 2024 – As international oil prices continue to fall, the citizens of Pakistan are eagerly awaiting a significant reduction in petroleum prices for the first half of September. The government is expected to announce new petroleum prices today, which will be effective from September 1, 2024.
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Karachi, August 27, 2024 – The Federal Board of Revenue (FBR) has announced that the value of perquisites will be chargeable to tax under the head of salary income for the tax year 2024-25. According to the updated Income Tax Ordinance, 2001, released up to June 30, 2024, several provisions have been clarified concerning the […]
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Karachi – The Karachi Tax Bar Association (KTBA) has called upon the Federal Board of Revenue (FBR) to extend the deadline for filing sales tax returns, citing significant challenges posed by the recent implementation of SRO 350(I)/2024.
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