Karachi – Pakistan’s economic landscape shows promising signs as the country’s Current Account Deficit (CAD) has seen a substantial reduction by 74 percent, dwindling to $999 million during the initial eight months (July – February) of fiscal year 2023-24, according to recent data unveiled by the State Bank of Pakistan (SBP) on Tuesday.
(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.
-
FBR Issues Instructions on Single Sales Tax Return Portal
Islamabad, March 19, 2024 – In a move aimed at enhancing tax procedures and fostering business efficiency, the Federal Board of Revenue (FBR) has issued instructions regarding the operation of the Single Sales Tax Return (SSTR) portal.
(more…) -
Islamabad United Clinch Thrilling Victory to Claim PSL 9 Crown
Karachi, March 19, 2024 – The National Stadium Karachi witnessed a spectacle as Islamabad United emerged victorious in a pulsating finale against Multan Sultans to capture the coveted title of Pakistan Super League (PSL) Season 9.
(more…) -
Pakistan Aims for Enhanced Economic Collaboration with UAE
Islamabad, March 18, 2024 – Prime Minister Shehbaz Sharif of Pakistan has underscored the nation’s aspiration for a robust economic partnership with the United Arab Emirates (UAE).
(more…) -
SBP Maintains Policy Rate at 22% Amid Inflation Uptick Risk
Karachi, March 18, 2024 – The State Bank of Pakistan (SBP) has announced the decision to maintain the benchmark policy rate at 22 percent, citing concerns about the risk of inflation uptick in the country.
(more…) -
Updated ATL Expands to 3.67 Million Active Taxpayers
Karachi, March 18, 2024 – The Federal Board of Revenue (FBR) has announced that the Updated Active Taxpayers List (ATL) for tax year 2023 has expanded significantly, reaching 3.67 million active taxpayers, according to official data released on Monday.
(more…) -
PSX Pushes Tax Relief for Foreign Investment in Budget 2024-25
The Pakistan Stock Exchange (PSX) has set its sights on tax relief measures in the upcoming budget for the fiscal year 2024-25, aiming to pave the way for increased foreign investment in the country’s capital market.
(more…) -
Motor Cars Import into Pakistan Jumps 259% in 8MFY24
Karachi, March 17, 2024 – Pakistan has witnessed an unprecedented surge in the import of motor cars, with figures soaring by a staggering 259 percent during the first eight months (July – February) of the fiscal year 2023-24.
(more…) -
Pakistan Imports Mobile Phones Worth $1.15 Billion in 8MFY24
Karachi, March 16, 2024 – Official data released by the Pakistan Bureau of Statistics (PBS) indicates that Pakistan has expended a substantial $1.15 billion on the import of mobile phones during the first eight months (July – February) of the fiscal year 2023-24.
(more…) -
State Bank of Pakistan Denies Plans for Plastic Banknotes
Karachi, March 16, 2024 – Recent speculation regarding the potential introduction of plastic banknotes in Pakistan has been firmly addressed by the State Bank of Pakistan (SBP), which issued a statement on Saturday refuting any such plans.
(more…)