Karachi, April 30, 2024 – Today marks the final call for shopkeepers and small traders across Pakistan to register under the newly launched Tajir Dost Scheme. The Federal Board of Revenue (FBR) introduced this initiative at the start of April 2024, providing a one-month window, which concludes today, for mandatory registration.
(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.
-
Repatriation of Profits and Dividends Skyrockets 256% in 9MFY25
Karachi, April 29, 2024 – A significant uptick has been observed in the repatriation of profits and dividends by foreign companies in Pakistan, with figures surging 256% in the period from July 2023 to March 2024.
(more…) -
National Assembly Passes Money Bill to Amend Tax Laws
Islamabad, April 29, 2024 – The National Assembly of Pakistan took a significant step forward in tax reform by approving a new money bill aimed at amending existing tax laws, which promises to streamline the tax litigation process and strengthen tax compliance across the country.
(more…) -
SBP Holds Policy Rate Steady at 22% Amid Economic Recovery
Karachi, April 29, 2024 – The State Bank of Pakistan (SBP) has decided to maintain its benchmark policy rate at 22 percent, the bank’s Monetary Policy Committee (MPC) announced after its meeting today.
(more…) -
KSE-100 Index Tumbles After Brief Surge Above 73,000
Karachi, April 29, 2024 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a significant downturn, losing 1,048 points, closing at 71,695 after an earlier peak crossing the 73,000 milestone during Monday’s trading session.
(more…) -
FBR Lists 4.07 Million Active Taxpayers, Reflecting Compliance
Islamabad, April 29, 2024 – In a significant development on Monday, the Federal Board of Revenue (FBR) published the names of 4.07 million citizens who have successfully filed their income tax returns, thereby securing their positions on the Active Taxpayers List (ATL) for the tax year 2023.
(more…) -
PM Shehbaz and IMF MD Discuss New Loan Program
Riyadh, April 28, 2024 — In a significant step toward securing financial stability for Pakistan, Prime Minister Shehbaz Sharif met with International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Sunday to discuss a new loan program.
(more…) -
Pakistan Mulls Mandatory Tax Returns for Agricultural Income
In a move poised to overhaul the taxation system for agricultural income, Pakistan is strongly considering making it mandatory for earners of agricultural income to file their annual tax returns along with wealth statements.
(more…) -
PM Shehbaz and IDB Agree on Early Completion of Uplift Projects
Riyadh, April 28, 2024 – In a significant development aimed at accelerating socio-economic progress in Pakistan, Prime Minister Muhammad Shehbaz Sharif and Islamic Development Bank (IDB) President Dr. Muhammad Sulaiman Al Jasser have agreed to hasten the completion of various uplift projects throughout the country.
(more…) -
SBP Calls for Unpopular but Necessary Economic Measures
KARACHI: In a candid address during the Members Convocation of the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan), Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), stressed the urgent need for unpopular yet necessary measures to bolster the nation’s economy.
(more…)