Karachi, May 14, 2024 – The State Bank of Pakistan (SBP) has released projections suggesting that several targets set by the government for the fiscal year 2023-24 are likely to be missed, with notable concerns surrounding GDP growth and fiscal deficit.
(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.
-
Islamabad High Court Halts Non-Filers’ SIM Blocking
The Islamabad High Court has delivered a significant blow to the federal government by staying the blocking of mobile phone SIMs belonging to non-filers of tax returns.
(more…) -
Deadline Approaches for Unregistered Prize Bonds in Pakistan
With the expiration date looming, holders of unregistered or bearer prize bonds in Pakistan are urged to take action before the window for redemption or exchange closes next month.
(more…) -
OICCI Advocates for Regulatory Duties on Used Car Imports
The Overseas Investors Chamber of Commerce and Industry (OICCI) has put forward a proposal urging the reinstatement of regulatory duty (RD) and additional customs duty (ADD) on the import of used cars.
(more…) -
National Assembly Sets Budget 2024-25 Session for June 6th
As Pakistan’s National Assembly continues its proceedings, plans for the upcoming budget session for the fiscal year 2024-25 are taking shape, with discussions slated to begin on June 6th, 2024.
(more…) -
Pakistan Witnesses 135% Jump in Car Sales YoY in April 2024
Karachi, May 13, 2024 – Pakistan has experienced a remarkable surge in car sales by an impressive 135 percent year on year (YoY) in April 2024, according to reports released on Monday.
(more…) -
PM Shehbaz Stresses Sharp Focus on Economic Advancement
Islamabad, May 13, 2024 – Prime Minister Shehbaz Sharif reaffirmed his government’s unwavering commitment to economic advancement through extensive reforms and structural changes during an interview with Saudi state-owned television channel Al Arabiya on Monday.
(more…) -
Pakistan Stocks Surge to Fresh Record High at 73,799 Points
Karachi, May 13, 2024 – Pakistan stocks soared to new heights on Monday, with the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) reaching an all-time high of 73,799 points at closing.
(more…) -
Salaried Class Bears Excessive Tax Burden in Pakistan: OICCI
Karachi, May 13, 2024 – Startling revelations by foreign investors operating in Pakistan have shed light on an alarming fiscal trend: the salaried class is shouldering a disproportionate tax burden, eclipsing the combined contributions of exporters and retailers.
(more…) -
ATL Expands to 4.22 Million Amid SIM Blocking Fears
Karachi, May 13, 2024 – The Active Taxpayers List (ATL) has surged to 4.22 million individuals as the looming threat of SIM card blocking for non-compliance compelled previously non-compliant citizens to make tax filings, sources disclosed on Monday.
(more…)