Karachi, February 9, 2024 – In a bid to curb the misuse of the Baggage Rules, Pakistan Customs is actively seeking enhanced powers to confiscate goods imported in commercial quantities.
(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.
-
FTO Orders Probe into Tax Data Breach
Islamabad, February 7, 2024 – The Federal Tax Ombudsman (FTO) has directed an immediate investigation into a case of unauthorized access to tax data, revealing a concerning breach in the system.
(more…) -
Pakistan Allocates Rs 10 Billion to Bolster Cybersecurity Defenses
Islamabad, February 7, 2024 – In a strategic move to fortify its cybersecurity defenses, Pakistan has greenlit a substantial allocation of Rs 10 billion.
(more…) -
Pakistan Set to Unveil Federal Budget 2024-25 in Early June
In a significant move towards fiscal transparency and governance, Pakistan is gearing up to present its federal budget for the fiscal year 2024-25 in the first week of June.
(more…) -
FBR Introduces New Rules for International Oil Suppliers
Islamabad, February 7, 2024 – The Federal Board of Revenue (FBR) in Pakistan has unveiled new rules for international oil suppliers, specifically addressing the import of crude oil and other petroleum products through customs bonded storage facilities.
(more…) -
MCB Bank Achieves Record Profits and Dividends in Year 2023
Karachi, February 6, 2024 – MCB Bank, one of Pakistan’s leading financial institutions, has announced its highest-ever profit and dividends for the calendar year 2023, according to analysts at Arif Habib Limited.
(more…) -
FBR Directs BS-21 IRS Officers to Submit Asset Declarations
Islamabad, February 7, 2024 – The Federal Board of Revenue (FBR) has issued directives to officers of the Inland Revenue Service (IRS) in BS-21 to submit their asset declarations.
(more…) -
Guide on Importing Vehicles into Pakistan during 2024
Pakistan has taken significant strides in streamlining the vehicle importation process for overseas Pakistanis in 2024 through the implementation of the Import Policy Order 2022.
(more…) -
JS Bank Fined Rs 45.51 Million by SBP for Regulatory Violations
Karachi, February 5, 2024 – JS Bank, a prominent financial institution in Pakistan, has incurred a monetary penalty of Rs 45.51 million for regulatory violations during the calendar year 2023.
(more…) -
New Record High 5.63 Million Active Taxpayers in Pakistan
Karachi, February 5, 2024 – In a significant milestone, the Federal Board of Revenue (FBR) announced on Monday that the number of active taxpayers in Pakistan has reached new record high at 5.63 million, according to the weekly Active Taxpayers List (ATL) for the tax year 2022.
(more…)