Islamabad, May 2, 2024 – Pakistan’s headline inflation witnessed a significant reduction in April 2024, reaching a 23-month low of 17.34 percent. This marks a considerable decline from the 20.7 percent recorded in March 2024, and a sharp contrast to the 36.4 percent seen in April 2023.
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Pakistan Slashes Petrol and Diesel Prices Effective May 1, 2024
Islamabad, April 30, 2024 – In a welcome move for consumers, Pakistan has announced a decrease in the prices of petrol and diesel starting May 1, 2024.
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Pakistan’s Economy on Track for Robust Recovery: Report
Islamabad, April 30, 2024 – According to the Ministry of Finance’s Economic Update and Outlook for April, released this Tuesday, Pakistan’s national economy is set for a strong recovery, evidenced by encouraging macroeconomic indicators that signal sustained progress and development in the coming fiscal year.
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Pakistan Likely to Cut Petroleum Prices For 1st Half of May 2024
Islamabad, April 30, 2024 – Pakistan is poised to lower petroleum prices significantly for the first half of May 2024, reflecting a substantial decline in global oil prices.
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National Assembly Passes Money Bill to Amend Tax Laws
Islamabad, April 29, 2024 – The National Assembly of Pakistan took a significant step forward in tax reform by approving a new money bill aimed at amending existing tax laws, which promises to streamline the tax litigation process and strengthen tax compliance across the country.
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Pakistan Mulls Mandatory Tax Returns for Agricultural Income
In a move poised to overhaul the taxation system for agricultural income, Pakistan is strongly considering making it mandatory for earners of agricultural income to file their annual tax returns along with wealth statements.
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SBP Calls for Unpopular but Necessary Economic Measures
KARACHI: In a candid address during the Members Convocation of the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan), Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), stressed the urgent need for unpopular yet necessary measures to bolster the nation’s economy.
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FBR Inducts BS-20 Officer as Member IR Policy in Major Reshuffle
Islamabad, April 28, 2024 – In a significant reshuffling that has raised eyebrows across financial and governmental sectors, the Federal Board of Revenue (FBR) has appointed a relatively inexperienced BS-20 officer, Ms. Amna Faiz, as the new Member of Inland Revenue (IR) Policy.
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PM Shehbaz Terms Track and Trace System a Complete Fraud
Islamabad, April 26, 2024 – Prime Minister Shehbaz Sharif has denounced the track and trace system implemented for monitoring goods in several key industries as a complete fraud.
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OECD Team Evaluates AEOI Safeguards in Pakistan
Islamabad, April 25, 2024 – A high-level assessment team from the Organization for Economic Cooperation and Development (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes concluded a significant two-day onsite visit to Pakistan, rigorously reviewing the country’s implementation of Automatic Exchange of Information (AEOI) protocols, particularly focusing on confidentiality and data safeguards.
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