Karachi, February 4, 2024 – Karachi, the bustling port city of Pakistan, is grappling with an unusual and prolonged spell of thundershowers, setting a record for February rainfall.
(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.
-
FPCCI Backs Restructuring of FBR for Economic Stability
Karachi, February 3, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) announced its support on Saturday for the proposed restructuring plan of the Federal Board of Revenue (FBR).
(more…) -
Guide to Tax Registration in Pakistan for Return Filing 2024
Karachi, February 3, 2024 – The Federal Board of Revenue (FBR) has released a detailed guide outlining the steps for tax registration to facilitate the filing of income tax returns for the tax year 2024.
(more…) -
Pakistan’s Import Bill Witnesses 14.11% Decline in 7MFY24
Islamabad, February 2, 2024 – Pakistan’s import bill has experienced a substantial decline of 14.11 percent during the first seven months (July – January) of the fiscal year 2023-24, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday. This decline reflects a positive trend in the country’s trade balance.
(more…) -
Provinces Collect Rs 230 Billion in Sales Tax in 1HFY24
Karachi, February 2, 2024 – The provinces of Pakistan have recorded an impressive collection of Rs 230 billion as sales tax on services during the first half (July – December) of fiscal year 2023-24, as per official data released by the federal finance ministry.
(more…) -
SBP Slaps Meezan Bank with Rs 82.74 Million Regulatory Penalty
Karachi, February 2, 2024 – The State Bank of Pakistan (SBP) has imposed a regulatory penalty of Rs 82.74 million on Meezan Bank Limited, citing violations of regulatory instructions for the quarters ended June 2023 and December 2023.
(more…) -
FBR Launches Single Sales Tax Return for Telecom Sector
Islamabad, February 1, 2024 – In a groundbreaking move towards enhancing efficiency and reducing compliance costs, the Federal Board of Revenue (FBR) has officially launched a single sales tax return for the telecom sector, encompassing entities registered with both federal and provincial tax authorities.
(more…) -
Headline Inflation in Pakistan Surges to 28.3% in January 2024
The headline inflation based on Consumer Price Index (CPI) increased by 28.3 percent year on year (YoY) basis in January 2024, Pakistan Bureau of Statistics (PBS) revealed on Thursday.
(more…) -
FBR Reshuffles 45 Customs Officers Ahead of General Elections
Karachi, February 1, 2024 – In a significant move, the Federal Board of Revenue (FBR) has executed a major reshuffle by notifying the transfers and postings of 45 customs officers in the ranks of BS-18 to BS-21.
(more…) -
Pakistan Raises Petroleum Prices Ahead of Feb 8 Elections
Islamabad, January 31, 2024 – In a move that could have political repercussions, Pakistan has announced an increase in petroleum prices just days before the general elections scheduled for February 8, 2024.
(more…)