Finance Minister Muhammad Aurangzeb on Friday provided Prime Minister Muhammad Shahbaz Sharif with a comprehensive briefing on the impending meeting with the International Monetary Fund (IMF).
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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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Pakistan Faces 4.8% Drop in Registered Prize Bond Investments
In a concerning development for Pakistan’s financial landscape, data released by the State Bank of Pakistan (SBP) reveals a notable 4.8 percent decline in registered prize bond investments by the end of February 2024 compared to the same period the previous year.
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FBR Set to Launch Income Tax General Order for Non-Filers
Karachi, April 12, 2024 – The Federal Board of Revenue (FBR) is gearing up to launch an Income Tax General Order aimed at identifying and penalizing non-filers who possess taxable income but have failed to file their income tax returns.
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Asian Development Bank Projects 1.9% FY24 Growth for Pakistan
Islamabad, April 11, 2024 – The Asian Development Bank (ADB) has released its flagship Asian Development Outlook (ADO), forecasting a GDP growth rate of 1.9 percent for Pakistan during the fiscal year 2023-24.
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FBR to Publish List for Blocking Phones and Power Connections
Karachi, April 11, 2024 – The Federal Board of Revenue (FBR) will publicly disclose a list of non-filers and take stringent measures, including the blocking of phone, electricity, and gas connections, as part of its crackdown on tax evasion.
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Govt Borrowing Skyrockets by 138% to Rs 4.84 Trillion in 9MFY24
Karachi, April 11, 2024 – Official data reveals a staggering surge in government borrowing from the banking system, soaring to Rs 4.84 trillion during the initial nine months (July – March) of the fiscal year 2023-24.
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WTO Warns Geopolitical Tensions Pose Risks to Trade Rebound
The World Trade Organization (WTO) released a report today with a cautiously optimistic outlook on global trade. While a rebound is expected this year following a 2023 contraction, the WTO warns that geopolitical tensions and policy uncertainty could hinder progress.
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Nation Celebrates Eid-ul-Fitr with Religious Zeal
The spirit of Eid-ul-Fitr reverberated across the nation on Wednesday, April 10, 2024, as millions of Muslims gathered in mosques, Eidgahs, and open spaces to mark the joyous occasion with prayers, festivities, and the exchange of warm greetings.
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Shawwal Moon Sighted in Pakistan; Eid-ul-Fitr on April 10
Islamabad, April 9, 2024 – The much-anticipated sighting of the Shawwal moon has finally occurred, marking the end of Ramadan and heralding the joyous occasion of Eid-ul-Fitr in Pakistan.
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Pakistan Stocks Close First Time Above 70,000-Point Level
Karachi, April 9, 2024 – Pakistan stocks soared to new heights on Tuesday, surpassing the psychological barrier of the 70,000-point level for the first time in the country’s history.
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