Karachi, September 4, 2024 – The Federal Board of Revenue (FBR) has released the salary tax card for the tax year 2024-25, offering a relief to salaried individuals by exempting annual incomes up to Rs 600,000 from income tax.
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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, Traders Clash Over Tax Valuation Tables in Key Talks
Islamabad – The Federal Board of Revenue (FBR) has initiated crucial discussions with traders to address concerns surrounding the advance tax under the Tajir Dost Scheme.
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Aurangzeb Stands Firm on Tajir Dost Scheme, Rejects Backlash
Islamabad, September 3, 2024 — In a resolute declaration on Tuesday, Finance Minister Muhammad Aurangzeb categorically affirmed that the government will not backtrack on the Tajir Dost Scheme, a key initiative aimed at integrating wholesalers, retailers, and distributors into the formal economy.
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Pakistan Reports 14% Surge in Exports During 2MFY25
Karachi, September 3, 2024 – Pakistan recorded a significant increase in its export earnings during the first two months (July–August) of the fiscal year 2024-25, showcasing a robust economic performance.
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FBR Considers Mini Budget to Plug Revenue Gap
Islamabad, September 3, 2024 – The Federal Board of Revenue (FBR) is exploring the possibility of implementing a mini budget to address a significant revenue shortfall by the end of the current month.
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Inflation for August 2024 Hits 34-Month Low in Pakistan
Islamabad, September 2, 2024 – The headline inflation rate in Pakistan, measured by the Consumer Price Index (CPI), recorded its lowest level in 34 months in August 2024, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday.
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FBR Hopes to Hit 1QFY25 Target on Anticipated Import Turnaround
Karachi, September 1, 2024 – The Federal Board of Revenue (FBR) expressed optimism on Sunday about meeting its first-quarter revenue collection target for the fiscal year 2024-25, anticipating a rebound in imports driven by lower inflation and a reduced policy rate.
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FBR Plans Performance-Based Transfers of Senior Officers
Karachi: The Federal Board of Revenue (FBR) is preparing to implement performance-based transfers of senior officers, focusing on revenue collection efficiency.
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Pakistan Reduces Petrol Price by Just Rs 1.86 per Liter
Islamabad, August 31, 2024 – In a move that falls short of the anticipated significant reductions, Pakistan has cut the price of petrol by only Rs 1.86 per liter. This adjustment, which aligns with the recent downward trend in global oil markets, will come into effect from September 1.
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FBR Collects Rs 183 Billion Tax on Property Transactions in TY24
Karachi, August 31, 2024 – The Federal Board of Revenue (FBR) has collected an impressive Rs 183 billion from taxes on immovable property transactions during the tax year 2023-24 (TY24).
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