Karachi, February 18, 2024 – The Federal Board of Revenue (FBR) is gearing up to update immovable property valuations, aligning them with fair market prices, in response to recommendations from the Federal Tax Ombudsman (FTO).
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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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Import of CBU Cars in Pakistan Soars by 230% in 7MFY24
Karachi, February 18, 2024 – Pakistan has witnessed a remarkable surge of 230% in the import of Completely Built Unit (CBU) cars during the first seven months (July – January) of the fiscal year 2023-24, according to official data.
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Mobile Phone Imports Surge to Rs 282 Billion in 7MFY24
Karachi, February 18, 2024 – Pakistan has witnessed a remarkable surge in mobile phone imports, with official data revealing that the country spent a staggering amount of Rs 282 billion during the first seven months (July – January) of the fiscal year 2023-24.
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FBR Chairman Greenlights Penalties Against Non-Filers
Karachi, February 16, 2024 – Federal Board of Revenue (FBR) Chairman Malik Amjed Zubair Tiwana has given the go-ahead for stringent penal measures against non-filers.
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Mari Petroleum Discovers Gas Reserves in Block-28 Balochistan
Karachi, February 16, 2024 – In a groundbreaking development, Mari Petroleum Limited has officially announced the discovery of substantial gas reserves in the Maiwand Well within Block-28, located in Balochistan.
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FBR Lacks Standards to Determine Property Value: FTO Report
ISLAMABAD, February 16, 2024 – In a recent report, the Federal Tax Ombudsman (FTO) has highlighted significant deficiencies in the Federal Board of Revenue’s (FBR) process of determining fair market property values.
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Simplified Tax Return to Benefit 1.4 Million Salaried Persons
KARACHI, February 16, 2024 – In a move to alleviate the burden on salaried individuals and pensioners, the Federal Tax Ombudsman (FTO) has revealed that the newly simplified income tax return form is set to benefit approximately 1.4 million taxpayers.
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Pakistan Raises Petroleum Prices for 2nd Half of February 2024
Islamabad, February 15, 2024 – In a move that may impact the pockets of consumers, Pakistan has increased petroleum prices for the second half of February 2024.
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Pakistan Cabinet Greenlights Substantial Gas Price Surge
Islamabad, February 15, 2024 – In response to the ongoing economic crisis, the federal cabinet of Pakistan has approved a significant increase in gas prices, effective from February 1, 2024.
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Political Uncertainty Hits KSE-100 Index with 1,134-Point Drop
Karachi, February 15, 2024 – The Pakistan stock market faced a tumultuous day on Thursday as political uncertainty took center stage, causing the benchmark KSE-100 index to shed a significant 1,134 points.
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