Karachi, November 22, 2024 – The Federal Board of Revenue (FBR) on Thursday deployed tax officials at sugar mills located in the Sindh and Punjab provinces to detect tax evasion.
(more…)Category: Top stories
Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
-
FBR Issues SOP for Penalizing Non-ATL Persons
Karachi, November 21, 2024 – The Federal Board of Revenue (FBR) on Thursday issued a Standard Operating Procedure (SOP) for penalizing persons not appearing on the Active Taxpayers List (ATL). The FBR issued the SOP on the directives of the Federal Tax Ombudsman (FTO) to streamline the process of penalizing non-ATL persons by publishing their names in the Income Tax General Order (ITGO).
(more…) -
Army Chief Boosts Market, KSE-100 Reaches Historic Peak
Karachi, November 21, 2024 – The KSE-100 index of the Pakistan Stock Exchange (PSX) soared to an all-time high of 97,328 points on Thursday, reflecting a wave of optimism following the Army Chief’s meeting with leading business figures.
(more…) -
FBR Targets High-Net-Worth Non-Filers for Tax Enforcement
The Federal Board of Revenue (FBR), acting on Prime Minister Shehbaz Sharif’s directive, has unveiled a stringent enforcement plan to target affluent individuals evading taxes. The initiative focuses on unregistered persons, non-filers, and individuals declaring nil income, especially those concealing income or significant assets.
(more…) -
Army Chief Expresses Resolve to Protect Pakistan’s Digital Borders
Karachi, November 20, 2024 – Chief of Army Staff General Syed Asim Munir on Wednesday said the protection of Pakistan’s digital borders and the digital security of its people is the responsibility of the state.
(more…) -
FBR Announces Normal Working Days for November Saturdays
Islamabad, November 20, 2024 – The Federal Board of Revenue (FBR) announced on Wednesday that the last two Saturdays of November 2024 would be observed as normal working days.
(more…) -
Pakistan Makes $76.28M Import Payment to India in 4MFY25
Karachi, November 20, 2024 – Pakistan has made an import payment of $76.28 million to India during the first four months (July – October) of the fiscal year 2024-25, according to official data from the State Bank of Pakistan (SBP).
(more…) -
PM Shehbaz Orders Crackdown on Sugar Sector Tax Evasion
Islamabad, November 19, 2024 – Prime Minister Muhammad Shehbaz Sharif has directed a coordinated effort by the Federal Board of Revenue (FBR), Federal Investigation Agency (FIA), and Intelligence Bureau to address tax evasion, undocumented sugar sales, and price manipulation in the sugar sector.
(more…) -
Pakistan Stocks Hit All-Time High as Bulls Add 861 Points
Karachi, November 19, 2024 – Pakistan stocks surged to an all-time high on Tuesday as bullish momentum dominated trading, adding 861 points to the benchmark KSE-100 index. The index closed at 95,857 points, up from the previous day’s 94,996 points.
(more…) -
FBR Set to Prosecute Banks for Incomplete Declarations
Karachi, November 19, 2024 – The Federal Board of Revenue (FBR) is preparing to take legal action against banks and other companies for submitting incomplete or inaccurate declarations, a move that underscores the government’s commitment to strengthening compliance within the financial sector.
(more…)