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.
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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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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.
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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.
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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.
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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.
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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.
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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.
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FBR Inducts BS-20 Officer as Member IR Policy in Major Reshuffle
Islamabad, April 28, 2024 – In a significant reshuffling that has raised eyebrows across financial and governmental sectors, the Federal Board of Revenue (FBR) has appointed a relatively inexperienced BS-20 officer, Ms. Amna Faiz, as the new Member of Inland Revenue (IR) Policy.
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State Bank of Pakistan Likely to Maintain 22% Policy Rate
Karachi, April 27, 2024 – Financial circles are abuzz as the State Bank of Pakistan (SBP) is widely anticipated to hold its policy rate steady at 22 percent in the forthcoming monetary policy announcement scheduled for April 29, 2024.
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PM Shehbaz Terms Track and Trace System a Complete Fraud
Islamabad, April 26, 2024 – Prime Minister Shehbaz Sharif has denounced the track and trace system implemented for monitoring goods in several key industries as a complete fraud.
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