Islamabad, April 24, 2024 – In a landmark move to strengthen economic ties, Pakistan and Iran have agreed to expedite the finalization of a Free Trade Agreement (FTA).
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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 Soars to Record High, Hits 72,052 Points
Karachi, April 24, 2024 – The Pakistan Stock Exchange (PSX) witnessed a significant milestone on Wednesday as the KSE-100 index climbed to a new all-time high of 72,052 points, marking a robust day of trading that saw the index ascend by 692 points from the previous session’s close of 71,360 points.
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PM’s Suspension of Top Tax Officials Stirs Controversy at FBR
In a bold move that has sparked intense debate and concern within the Federal Board of Revenue (FBR), Prime Minister Shehbaz Sharif has suspended several senior officials of the Inland Revenue Service, including the Chief Commissioner of the Large Taxpayers Office (LTO) in Islamabad.
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FBR Issues Notices to 1,680 Retailers for POS Integration
Islamabad, April 23, 2024 – The Federal Board of Revenue (FBR) took a significant step towards enhancing tax compliance by issuing a directive for the mandatory integration of 1,680 Tier-1 retailers into its Point of Sale (POS) system.
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Gold Sees Drastic Single-Day Fall of Rs 7,800 in Pakistan
Karachi, April 23, 2024 – In a dramatic turn of events, gold prices in Pakistan witnessed drastic fall of Rs 7,800 in a single day, influenced by a significant downturn in the global markets.
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PM Shehbaz Sharif Suspends FBR Officials Over Tax Case Delays
Islamabad, April 23, 2024 – In a decisive move against bureaucratic inefficiency, Prime Minister Muhammad Shehbaz Sharif has ordered the suspension of the Commissioner of Inland Revenue of Federal Board of Revenue (FBR) Islamabad along with other senior tax officials for their alleged willful delay in handling tax cases.
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FBR Gets Proposal to Align Property Valuations with FMV
Karachi, April 23, 2024 – The Federal Board of Revenue (FBR) is reviewing a pivotal proposal from the Pakistan Business Council (PBC) aimed at enhancing property valuations to align closer with the fair market value (FMV).
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Foreign Direct Investment Drops 10% in July-March FY24
Karachi, April 22, 2024 – Pakistan has witnessed a notable decline in Foreign Direct Investment (FDI) during the first nine months of fiscal year 2023-24, with a 10 percent decrease compared to the same period last year, as reported by the State Bank of Pakistan (SBP).
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Pakistan and Iran Aim Bilateral Trade at $10 Billion Annually
Islamabad, April 22, 2024 – In a significant development aimed at bolstering economic ties between neighboring countries, Pakistan and Iran agreed on Monday to enhance bilateral trade and expand business activities in their border regions.
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Pakistan Posts $619 Million Current Account Surplus in March 2024
Karachi, April 22, 2024 – In a remarkable economic turn, Pakistan has registered a current account surplus of $619 million for the month of March 2024, as announced by the State Bank of Pakistan (SBP) on Monday.
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