Federal Minister for Finance Senator Muhammad Aurangzeb disclosed to the National Assembly on Thursday that there are no plans for new legislation to extend tax and duty exemptions for the erstwhile Federally Administered Tribal Areas (FATA) and Provincially Administered Tribal Areas (PATA) regions.
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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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China Reiterates Support for Pakistan’s Financial Stability
Lan Fo’an, the Finance Minister of China, has reaffirmed his country’s unwavering support for Pakistan’s efforts to enhance financial stability. This statement came during discussions with Pakistan’s Deputy Prime Minister and Foreign Minister, Senator Mohammad Ishaq Dar, in Beijing on Thursday.
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Karachi Chamber Demands Revocation of Controversial SRO 350
Karachi Chamber of Commerce and Industry (KCCI) has called for the revocation of the controversial Statutory Regulatory Order (SRO) 350 through proposed amendments in the upcoming budget for the fiscal year 2024-25.
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Pakistan Slashes Petrol Price by Rs 15.39 per Liter from May 16th
In a bid to alleviate the economic burden on its citizens amidst the backdrop of declining global fuel prices, Pakistan has announced a significant reduction in the price of petrol by Rs 15.39 per liter.
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Bank Deposits of Salaried Persons Surge by 25%: SBP Report
Karachi, May 15, 2024 – Bank deposits of salaried individuals have experienced a remarkable surge, soaring by 25 percent year on year in April 2024, as revealed by the State Bank of Pakistan (SBP) on Wednesday.
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Pakistan Raises Petroleum Prices Amid Global Decline: SBP
The State Bank of Pakistan (SBP) has highlighted in its half-yearly report for July to December 2023-24 that Pakistan increased domestic petroleum prices despite a global downturn in oil markets.
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Cabinet Approves ATIR Conditions of Services Rules 2024
Islamabad, May 14, 2024: The Federal Cabinet, under the leadership of Prime Minister Muhammad Shehbaz Sharif, has given its seal of approval to the Appellate Tribunals Inland Revenue (ATIR) (Conditions of Service) Rules 2024.
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CDNS Reduces Interest Rates on Key Savings Schemes
Islamabad, May 14, 2024 – The Central Directorate of National Savings (CDNS) has implemented adjustments to the interest rates on several significant savings schemes, with some witnessing reductions while others experience increases.
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KSE-100 Index Achieves New Record High at 74,531 Points
Karachi, May 14, 2024 – The Pakistan Stock Exchange (PSX) witnessed a historic moment on Tuesday as the benchmark KSE-100 index surged to a new record high, reaching an impressive level of 74,531 points.
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SBP Raises Red Flag on FBR’s Impressive Collection Growth
Karachi, May 14, 2024 – The State Bank of Pakistan (SBP) has cast doubt on the celebrated revenue collection growth reported by the Federal Board of Revenue (FBR), especially at a time of soaring inflation and steep rupee depreciation.
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