PkRevenue.com – Pakistan’s Ministry of Finance has squashed rumors of changes to the net metering policy, a program that incentivizes renewable energy use. Minister of State Ali Pervaiz Malik issued a press statement on Wednesday firmly denying any revisions or restrictions on net metering.
(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.
-
PM Shehbaz Guarantees Chinese Investors of Facilities, Security
PkRevenue.com — Prime Minister Shehbaz Sharif on Wednesday assured Chinese investors of comprehensive facilitation and robust security for their projects and investments in Pakistan.
(more…) -
LHC Rules Against Retrospective Super Tax for Tax Year 2022
PkRevenue.com – The Lahore High Court (LHC) has declared that the super tax under Section 4C of the Income Tax Ordinance, 2001, cannot be imposed retrospectively on companies and individuals for the tax year 2022.
(more…) -
FBR Intelligence Unearths Rs 22 Billion Sales Tax Fraud
PkRevenue.com – The Federal Board of Revenue (FBR) has uncovered a massive sales tax fraud amounting to approximately Rs 22 billion. A statement released on Tuesday revealed that the Directorate General of Intelligence and Investigation-Inland Revenue in Hyderabad and Karachi has dismantled a network of tax fraudsters responsible for inflicting significant financial losses on the National Exchequer.
(more…) -
PM Shehbaz Hopes New Height of Relationship in China Visit
PkRevenue.com – Prime Minister Shehbaz Sharif expressed on Tuesday hoped that his five-day visit to China starting today would take the bilateral relationship to a new height as it would mark discussions on the CPEC second phase, business-to-business cooperation and government-to-government projects.
(more…) -
Pakistan’s 2024-25 Budget: Tough Choices and Limited Relief
Pakistan’s upcoming budget for the 2024-25 fiscal year is shaping up to be a challenging one, with analysts at Insight Research predicting a focus on long-term reforms over populist measures.
(more…) -
ICAP Proposes Tax Relief Measures for Salaried Individuals
PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has proposed a series of tax relief measures aimed at easing the tax burden on salaried individuals in the country.
(more…) -
FBR Transfers High Profile Inland Revenue Officers on Budget Eve
PkRevenue.com – The Federal Board of Revenue (FBR) has announced the transfer and posting of several senior officers within the Inland Revenue Service (IRS) from BS-19 to BS-21, effective immediately.
(more…) -
Pakistan Sees Massive 27% Exports Jump YoY in May 2024
PkRevenue.com – Pakistan has registered a significant 27.08 percent increase in exports on a year-on-year (YoY) basis in May 2024, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. Exports surged to $2.80 billion in May 2024, up from $2.20 billion in the same month of the previous year.
(more…) -
OGDCL Commences Hydrocarbon Production from Chanda-7 Well
PkRevenue.com — The Oil and Gas Development Company Limited (OGDCL) announced on Monday the commencement of hydrocarbon production from its newly developed Chanda-7 well.
(more…)