Islamabad, May 21, 2024 – The National Accounts Committee (NAC) has approved the provisional growth rate of Pakistan’s Gross Domestic Product (GDP) at 2.38% for the ongoing fiscal year 2023-24.
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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 Eyes New Real Estate Tax to Generate Rs 500 Billion
Karachi, May 21, 2024 – The Federal Board of Revenue (FBR) is considering imposing a new tax on the real estate sector, aiming to tap into an estimated Rs 500 billion.
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Pakistan Import Payments to India Rise by 13% in 10MFY24
Pakistan has reported a notable increase of 13% in import payments to neighboring India during the first ten months (July – April) of the fiscal year 2023-24.
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Bank Deposits in Pakistan Hit Record High at Rs 28.42 Trillion
Karachi, May 20, 2024 – Bank deposits in Pakistan have soared to an unprecedented high, reaching Rs 28.42 trillion by the end of April 2024, according to official data released on Monday.
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FBR Reports 4.30 Million Active Taxpayers
Karachi, May 20, 2024 – The Federal Board of Revenue (FBR) reported on Monday that the number of active taxpayers for the tax year 2023 has surged to 4.30 million.
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Gold Surges to Rs 250,400 in Pakistan, Nears Record High
Karachi, May 20, 2024 – The price of gold in Pakistan soared to Rs 250,400 per tola on Monday, edging closer to its all-time high. This significant increase of Rs 2,300 from the previous closing of Rs 248,100 marks a substantial rise in the local bullion market.
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KCCI Pushes for Inclusion of Commercial Importers in FTR
The Karachi Chamber of Commerce and Industry (KCCI) has called for the inclusion of commercial importers into the Final Tax Regime (FTR), particularly concerning the tax treatment at the import stage.
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Bearer Prize Bonds Worth Rs 4.61 Billion Still Unclaimed
Karachi, May 19, 2024 – According to the latest data released by the State Bank of Pakistan (SBP), bearer prize bonds worth Rs 4.61 billion remain unclaimed as of March 2024. These bonds are set to expire on June 30, 2024, after which they will hold no value.
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Pakistan Spends Rs 414 Billion on Mobile Phones Import
Karachi, May 18, 2024 – Pakistan has recorded a massive expenditure on mobile phones import, amounting to over Rs 414 billion during the first ten months (July – April) of the fiscal year 2023-24.
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Pakistan’s Car Imports Surge By 256% in 10MFY24
Karachi, May 18, 2024 – Pakistan has witnessed a remarkable surge in car imports, with a staggering 256 percent increase during the first ten months (July – April) of the fiscal year 2023-24. This significant rise is detailed in the latest data released by the Pakistan Bureau of Statistics (PBS).
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