The Federal Board of Revenue (FBR) has introduced a groundbreaking initiative aimed at recognizing and rewarding the nation’s diligent taxpayers. In a recent development, the FBR issued a Statutory Regulatory Order (SRO) on Thursday, marked as SRO 469(I)/2024 dated April 3, 2024, to inaugurate the “Pakistan Honour Card Scheme.”
(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.
-
Gold Prices Surge by Rs 2200, Nearing Historic High in Pakistan
April 4, 2024 – Karachi: Gold prices in Pakistan experienced a significant surge on Thursday, climbing by Rs 2,200 and inching closer to historic highs within the nation.
(more…) -
SBP Sells Rs 558 Billion Treasury Bills, 148% Above Target
Karachi, April 3, 2024 – The State Bank of Pakistan (SBP) made waves in the financial market on Wednesday as it conducted a highly successful auction, selling treasury bills worth a staggering Rs 558 billion.
(more…) -
FBR to Penalize Shopkeepers and Traders for Registration Failure
Karachi, April 3, 2024 – The Federal Board of Revenue (FBR) has instituted a penalty of Rs 10,000 for shopkeepers and traders who fail to comply with income tax registration requirements, as part of its concerted efforts to bring the large undocumented retail sector into the tax net.
(more…) -
Pakistan Stock Market Hits New Record High at 67,756 Points
Karachi, April 3, 2024 – The Pakistan stock market soared to new heights on Wednesday, reaching a historic high level of 67,756 points, driven by improved sentiments among foreign investors.
(more…) -
Gold Prices Hit Rs 238,900 in Pakistan Reaches Near Peak
Karachi, April 3, 2024 – The bullion market in Pakistan witnessed a surge in gold prices on Wednesday, closing at Rs 238,900 per tola, nearing its historical peak.
(more…) -
PRL and Air Link Withdraw Intention to Acquire Shell Pakistan
Karachi, April 3, 2024 – Pakistan Refinery Limited (PRL) and Air Link Communication have jointly announced their decision to withdraw their intention to acquire Shell Pakistan, citing failed negotiations with the seller.
(more…) -
Pakistan Contemplates Carbon Levy on Petroleum Products
Karachi, April 2, 2024 – In a bid to tackle climate change and reduce carbon emissions, Pakistan is contemplating the introduction of a carbon levy on the sale of petroleum products.
(more…) -
Government Bank Borrowing Reaches Record Rs 4.69 Trillion
Karachi, April 2, 2024 – Official data released on Tuesday revealed a startling surge in government bank borrowing for budgetary support, reaching a staggering Rs 4.69 trillion during the period spanning from July 1, 2023, to March 22, 2024.
(more…) -
NDP Cigarettes to Cost Rs 300 Billion in FY24: PTC Chairman
Karachi, April 2, 2024 – Zafar Mahmood, Chairman of the Pakistan Tobacco Company (PTC), has projected a significant loss of Rs 300 billion in tax revenue due to the prevalence of non-duty paid (NDP) cigarettes during the current fiscal year 2023-24.
(more…)