Karachi, September 19, 2024 – The Pakistan Stock Exchange (PSX) witnessed a strong rally on Thursday as the benchmark KSE-100 index surged past the psychological barrier of 82,000 points for the first time in history. However, the bullish momentum slowed toward the end of the session, with investors opting to lock in profits.
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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.
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FBR Launches Audit of Properties, Vehicles, Banking Transactions
Karachi, September 19, 2024 – The Federal Board of Revenue (FBR) has embarked on an extensive audit of properties, motor vehicles, and banking transactions, marking a significant step toward strengthening tax compliance and enforcement across Pakistan.
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Checklist for Filing Income Tax Return 2024
As the deadline of September 30, 2024, for filing annual income tax returns for the tax year 2024 draws near, taxpayers in Pakistan are advised to gather the necessary documents to ensure smooth compliance with tax regulations.
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Gold Prices Surge to Record High of Rs 268,500 in Pakistan
Karachi, September 19, 2024 – The price of gold in Pakistan hit an all-time high on Thursday, soaring to Rs 268,500 per tola (24-karat) due to a sharp rise in international gold prices.
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FBR Announces Major Overhaul to Active Taxpayers List Rules
Karachi, September 18, 2024 – In a significant development, the Federal Board of Revenue (FBR) has unveiled comprehensive amendments to the rules governing the Active Taxpayers List (ATL).
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Banking Sector Grows 11.5% in H1CY24: SBP Report
Karachi, September 18, 2024 – The State Bank of Pakistan (SBP) reported on Wednesday that the country’s banking sector experienced a robust growth of 11.5% during the first half of the calendar year 2024 (H1CY24). In its mid-year performance review, covering the period from January to June 2024, the SBP attributed this growth primarily to an expansion in the banking sector’s asset base, driven by a surge in investments.
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Pakistan’s Current Account Deficit Contracts by 81% in 2MFY25
Karachi, September 18, 2024 – Pakistan’s current account deficit witnessed a sharp contraction of 81% during the first two months (July–August) of the current fiscal year 2024-25, according to a report released by the State Bank of Pakistan (SBP) on Wednesday. The deficit fell to $171 million, compared to $893 million in the corresponding period of the previous fiscal year.
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Pakistan’s Food Exports Surge by 42% in July – August FY25
KARACHI, September 17, 2024 – Pakistan’s food exports witnessed an extraordinary 42% growth during the first two months of fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS). Food group exports reached a remarkable $1.01 billion from July to August 2024, compared to $711 million in the same period last year.
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FBR Issues Withholding Tax Card for Property Sale in TY 2024-25
KARACHI, September 17, 2024 – The Federal Board of Revenue (FBR) has released the updated withholding tax card for property sales for the tax year 2024-25, bringing clarity to tax obligations associated with the sale of immovable properties.
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IMF Takes Up Pakistan Loan Program on September 25 Agenda
Islamabad – The International Monetary Fund (IMF) has confirmed that its Executive Board will consider Pakistan’s loan request under the Extended Fund Facility (EFF) on September 25, 2024. The agenda for the board meeting includes the “Pakistan – 2024 Article IV Consultation and Request for an Extended Arrangement under the Extended Fund Facility.”
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