Karachi, August 30, 2024 — The Pakistan Meteorological Department (PMD) has issued a fresh advisory on Cyclonic Storm ‘ASNA,’ warning that Karachi remains under threat of heavy rainfall and strong winds. The storm, which has been intensifying over the past few hours, is expected to bring severe weather to various regions of Sindh and Balochistan.
(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.
-
Pakistan Likely to Cut Petroleum Prices for Third Straight Fortnight
ISLAMABAD: In a bid to provide relief to consumers amidst fluctuating international oil markets, Pakistan is expected to announce a reduction in petroleum prices for the third consecutive fortnight, effective September 1, 2024.
(more…) -
PMD Forecasts Cyclonic Storm Threat to Sindh
Karachi, August 29, 2024 – A looming cyclonic storm is set to batter the coastal regions of Sindh province, Pakistan, according to a dire warning issued by the Pakistan Meteorological Department (PMD).
(more…) -
FBR Mandates Deemed Income Tax for Traders in Simple Return
Karachi, August 28, 2024 – The Federal Board of Revenue (FBR) on Wednesday introduced a simplified return form for traders, making the declaration of deemed income mandatory under the new guidelines.
(more…) -
Traders Paralyze Pakistan in Tax, Power Bill Uproar
Karachi, August 28, 2024 – A nationwide strike led by traders has brought Pakistan to a standstill, protesting against the government’s recent tax reforms and soaring electricity bills.
(more…) -
SBP Enhances Bank Deposit Protection to Rs 500,000
Karachi, August 28, 2024 – In a significant move to enhance the financial security of depositors, the State Bank of Pakistan (SBP) has doubled the deposit protection limit to Rs 500,000 per account.
(more…) -
Banking Sector Sees Rs 518 Billion Withdrawals After Tax Changes
Karachi, August 28, 2024 – The banking sector in Pakistan has experienced a seismic shift as account holders withdrew a colossal Rs 518 billion in response to recent tax amendments effective from July 1, 2024.
(more…) -
FBR Debunks Rumors of Amnesty for Smuggled Vehicles
Islamabad, August 27, 2024 – The Federal Board of Revenue (FBR) has firmly denied reports circulating in the media regarding an amnesty scheme for smuggled vehicles.
(more…) -
FBR to Amend SRO 1064: A Win for Traders
MULTAN: The Federal Board of Revenue (FBR) will revise SRO 1064 of the Tajir Dost Scheme, considering the demands and concerns of traders, according to Naeem Mir, Chief Coordinator of the scheme.
(more…) -
FBR Invites Traders for Negotiations Ahead of Shutter Down
Islamabad, August 25, 2024 – The Federal Board of Revenue (FBR) has reached out to traders for negotiations concerning a controversial tax scheme ahead of a shutter-down strike planned for August 28, 2024. This move comes as the traders’ community in Karachi and other parts of the country announced their decision to close shops and businesses in protest against what they describe as unfair taxation and inflated utility bills.
(more…)