The Federal Board of Revenue (FBR) has introduced a groundbreaking initiative aimed at recognizing and rewarding the nation’s diligent taxpayers. In a recent development, the FBR issued a Statutory Regulatory Order (SRO) on Thursday, marked as SRO 469(I)/2024 dated April 3, 2024, to inaugurate the “Pakistan Honour Card Scheme.”
(more…)Category: Pakistan
-
Gold Prices Surge by Rs 2200, Nearing Historic High in Pakistan
April 4, 2024 – Karachi: Gold prices in Pakistan experienced a significant surge on Thursday, climbing by Rs 2,200 and inching closer to historic highs within the nation.
(more…) -
OMCs Directed to Ensure Petroleum Supplies During Eid Holidays
The Oil & Gas Regulatory Authority (OGRA) has issued a directive to Oil Marketing Companies (OMCs) to uphold uninterrupted supplies of petroleum products throughout the Eid holidays.
(more…) -
FBR to Penalize Shopkeepers and Traders for Registration Failure
Karachi, April 3, 2024 – The Federal Board of Revenue (FBR) has instituted a penalty of Rs 10,000 for shopkeepers and traders who fail to comply with income tax registration requirements, as part of its concerted efforts to bring the large undocumented retail sector into the tax net.
(more…) -
PRL and Air Link Withdraw Intention to Acquire Shell Pakistan
Karachi, April 3, 2024 – Pakistan Refinery Limited (PRL) and Air Link Communication have jointly announced their decision to withdraw their intention to acquire Shell Pakistan, citing failed negotiations with the seller.
(more…) -
Government Bank Borrowing Reaches Record Rs 4.69 Trillion
Karachi, April 2, 2024 – Official data released on Tuesday revealed a startling surge in government bank borrowing for budgetary support, reaching a staggering Rs 4.69 trillion during the period spanning from July 1, 2023, to March 22, 2024.
(more…) -
PM Shehbaz Directs Increasing Exports Two-fold in 5 Years
Islamabad, April 2, 2024 – Prime Minister Muhammad Shehbaz Sharif has directed the formulation of a strategy aimed at doubling the country’s exports within the next five years.
(more…) -
NDP Cigarettes to Cost Rs 300 Billion in FY24: PTC Chairman
Karachi, April 2, 2024 – Zafar Mahmood, Chairman of the Pakistan Tobacco Company (PTC), has projected a significant loss of Rs 300 billion in tax revenue due to the prevalence of non-duty paid (NDP) cigarettes during the current fiscal year 2023-24.
(more…) -
Pakistan’s Trade Deficit Widens 56% YoY in March 2024
Islamabad, April 1, 2024 – Official data released on Monday revealed that Pakistan’s trade deficit widened significantly by 56.30 percent on a year-on-year basis in March 2024, highlighting ongoing challenges in the country’s trade balance.
(more…) -
Pakistan’s Headline Inflation Rises by 20.7% YoY in March 2024
Islamabad, April 1, 2024 – Official data released on Monday revealed that Pakistan’s headline inflation surged by 20.7 percent year on year (YoY) in March 2024, reflecting ongoing challenges in the country’s economic landscape.
(more…)