Karachi, July 9, 2024 – Pakistan received $30.25 billion in workers’ remittances during the fiscal year 2023-24, according to a report by the State Bank of Pakistan (SBP) released on Tuesday. This represents an 11 percent increase compared to the $27.33 billion received in the preceding fiscal year.
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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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Finance Act 2024 Limits FBR in Issuing Assessment Notices
Karachi, July 9, 2024 – The Finance Act 2024 has introduced significant changes, imposing limitations on the Federal Board of Revenue (FBR) regarding the issuance of assessment notices. This move aims to streamline tax processes and provide clarity to taxpayers.
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FBR Predicts Significant Tax Revenue Growth for 2024-25
Islamabad, July 9, 2024 – Pakistan’s Federal Board of Revenue (FBR) reported a slight improvement in the country’s tax-to-GDP ratio, which reached 9% in the fiscal year 2023-24, up from 8.5% the previous year.
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FBR Records Nearly 5 Million Active Taxpayers for Tax Year 2023
Islamabad, July 8, 2024 – The Federal Board of Revenue (FBR) has reported a significant milestone, with nearly 5 million active taxpayers recorded for the tax year 2023 as of July 7, 2024.
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KSE-100 Soars to New Heights Despite Mid-Day Fire Disruption
Karachi, July 8, 2024 – In a day marked by both triumph and temporary setbacks, Pakistan’s benchmark stock index, the KSE-100, scaled new heights, reaching an all-time high of 80,566 points.
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Pakistan Strengthens Oversight of Foreign Gifts and Donations
Karachi, Pakistan – July 7, 2024 – The Pakistan government has implemented stricter regulations governing the receipt of foreign gifts and donations by public officials and organizations.
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PM Shehbaz Directs Tapping Full Potential of Maritime Trade
Karachi, July 7, 2024 – Prime Minister Muhammad Shehbaz Sharif on Sunday directed the relevant authorities to take special initiatives to tap the full potential of maritime trade and to spur economic growth.
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Tax Return Filing Season 2024 Begins in Pakistan
Karachi, July 7, 2024 – The commencement of the annual income tax return filing for tax year 2024 marks a pivotal moment for taxpayers in Pakistan as the Federal Board of Revenue (FBR) has officially launched the finalized return forms.
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Aurangzeb Pledges to Enroll All Traders in Tax Net
Finance Minister Senator Muhammad Aurangzeb reaffirmed on Saturday the government’s commitment to bring all traders into the tax net, underscoring that no exceptions would be made.
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Prime Minister Sharif Cracks Down on Electricity Overbilling
Islamabad, July 6, 2024 – Prime Minister Shehbaz Sharif has launched a forceful crackdown on officials responsible for inflated electricity bills.
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