Karachi, March 6, 2024 – The State Bank of Pakistan (SBP) achieved a significant milestone on Wednesday by successfully selling market treasury bills worth Rs 527 billion in an auction, surpassing the initial target of Rs 225 billion.
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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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Standard Chartered Bank Pays Rs 143 Million Penalty to SBP
Karachi, March 6, 2024 – Standard Chartered Bank Pakistan Limited has recently disclosed that it paid a substantial penalty of Rs 143 million due to regulatory violations, as per a report released by the financial institution.
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PM Shehbaz Orders Complete Digitization of Taxation System
Islamabad, March 5, 2024 – Prime Minister Muhammad Shehbaz Sharif has issued a directive for the immediate digitization of the country’s taxation system, aiming to enhance transparency, boost tax collection, and eradicate issues such as tax evasion, corruption, and smuggling.
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FBR Receives 60,000 New Active Taxpayers in Just Three Days
Karachi, March 4, 2024 – The Federal Board of Revenue (FBR) has experienced a significant boost, registering approximately 60,000 new active taxpayers in just three days since the launch of the latest Active Taxpayers List (ATL).
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Utility Stores Launch Rs 7.5 Billion Ramadan Relief Package
Islamabad, March 4, 2024 – In an effort to alleviate the financial burden on citizens during the holy month of Ramadan, the Utility Stores Corporation (USC) is gearing up to implement the Rs 7.5 billion Prime Minister’s Ramadan Relief Package 2024 on Tuesday, March 5, 2024.
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FBR Clears Rs 65 Billion in Tax Refunds for Exporters
Islamabad, March 4, 2024 – The Federal Board of Revenue (FBR) has achieved a significant milestone by promptly disbursing all outstanding tax refunds to exporters, amounting to a staggering Rs 65 billion.
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PM-Elect Shehbaz Outlines Vision for Economic Revival
Islamabad, March 3, 2024 – In his inaugural address to the National Assembly, Pakistan’s newly-elected Prime Minister, Muhammad Shehbaz Sharif, acknowledged the formidable socio-economic challenges facing the nation but expressed confidence that they were surmountable.
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Pakistan’s Petroleum Sales Plummet by 13% in 8MFY24
Karachi, March 2, 2024 – Pakistan’s petroleum industry has witnessed a substantial 13% decline in sales during the first eight months (July – February) of fiscal year 2023-24, compared to the same period in the previous fiscal year.
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Taxpayers Eager to Secure ATL Status to Avoid FBR Action
In Pakistan, taxpayers are currently fervently seeking inclusion in the recently unveiled Active Taxpayers List (ATL) to shield themselves from the stringent measures enforced by the Federal Board of Revenue (FBR).
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Pakistan Records 30% Contraction in Trade Deficit in 8MFY24
Islamabad, March 1, 2024 – Pakistan has achieved a remarkable 30% contraction in its trade deficit during the first eight months (July – February) of the fiscal year 2023-24, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.
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