Pakistan is navigating a challenging economic landscape, implementing what they describe as “tough but necessary” decisions for the country’s long-term well-being.
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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 Asked to Link WHT Collection with Property Tax
The Overseas Investors Chamber of Commerce and Industry (OICCI) has called upon the Federal Board of Revenue (FBR) to adopt a groundbreaking approach by linking the collection of withholding tax (WHT) with property tax revenues gathered by provincial authorities.
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Rupee Expected to Maintain Stability Against Dollar in Near Term
Analysts predict that the Pakistani rupee will likely remain stable against the US dollar in the coming week and continue its trend until the end of the current fiscal year.
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Pakistan Considers Ending Tax Exemptions on Imports
Pakistan is contemplating significant changes to its tax policies, with plans to withdraw tax exemptions on imports in the upcoming budget for the fiscal year 2024-25.
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New Projection Shows KSE-100 Index to Reach 87K by Dec 2024
Karachi, May 11, 2024 – Topline Securities Limited, a leading brokerage firm, has released new projections for the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX), foreseeing significant growth in the coming months.
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Pakistan Commits No Tax Amnesty in 2024-25
Islamabad, May 11, 2024: Pakistan has pledged not to launch any tax amnesty schemes in fiscal year 2024-25 as part of its commitment to bolster the country’s fiscal sustainability and ensure continuous fiscal consolidation.
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Foreign Investors Propose Demonetization of Rs 5,000 Banknote
Islamabad, May 11, 2024: In a bold move aimed at curbing cash transactions and enhancing tax compliance, foreign investors operating in Pakistan have proposed the government to demonetize the Rs 5,000 banknote.
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Telecom Operators Begin Blocking SIMs of Non-Filers in Pakistan
Islamabad, May 10, 2024 – Pakistan’s telecom operators have begun the process of blocking mobile phone SIM cards belonging to individuals who have not filed their income tax returns.
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IMF Flags High Economic Risks in Pakistan Amid Uncertainty
Karachi, May 10, 2024 – The International Monetary Fund (IMF) on Friday issued a warning that Pakistan faces “exceptionally high” downside risks to its economic stability.
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Pakistan Stocks Soar to New Record High at 73,085 Points
Karachi, May 10, 2024 – The Pakistan Stock Exchange (PSX) witnessed a historic trading session on Friday, as the KSE-100 index rocketed to a new record close of 73,085 points, marking a substantial gain of 429 points from the previous day’s finish of 72,658.
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