As Pakistan’s National Assembly continues its proceedings, plans for the upcoming budget session for the fiscal year 2024-25 are taking shape, with discussions slated to begin on June 6th, 2024.
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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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Pakistan Witnesses 135% Jump in Car Sales YoY in April 2024
Karachi, May 13, 2024 – Pakistan has experienced a remarkable surge in car sales by an impressive 135 percent year on year (YoY) in April 2024, according to reports released on Monday.
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PM Shehbaz Stresses Sharp Focus on Economic Advancement
Islamabad, May 13, 2024 – Prime Minister Shehbaz Sharif reaffirmed his government’s unwavering commitment to economic advancement through extensive reforms and structural changes during an interview with Saudi state-owned television channel Al Arabiya on Monday.
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Pakistan Stocks Surge to Fresh Record High at 73,799 Points
Karachi, May 13, 2024 – Pakistan stocks soared to new heights on Monday, with the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) reaching an all-time high of 73,799 points at closing.
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Salaried Class Bears Excessive Tax Burden in Pakistan: OICCI
Karachi, May 13, 2024 – Startling revelations by foreign investors operating in Pakistan have shed light on an alarming fiscal trend: the salaried class is shouldering a disproportionate tax burden, eclipsing the combined contributions of exporters and retailers.
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ATL Expands to 4.22 Million Amid SIM Blocking Fears
Karachi, May 13, 2024 – The Active Taxpayers List (ATL) has surged to 4.22 million individuals as the looming threat of SIM card blocking for non-compliance compelled previously non-compliant citizens to make tax filings, sources disclosed on Monday.
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Pakistan Making Tough Economic Decisions for Better: Aurangzeb
Pakistan is navigating a challenging economic landscape, implementing what they describe as “tough but necessary” decisions for the country’s long-term well-being.
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FBR Asked to Link WHT Collection with Property Tax
The Overseas Investors Chamber of Commerce and Industry (OICCI) has called upon the Federal Board of Revenue (FBR) to adopt a groundbreaking approach by linking the collection of withholding tax (WHT) with property tax revenues gathered by provincial authorities.
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Rupee Expected to Maintain Stability Against Dollar in Near Term
Analysts predict that the Pakistani rupee will likely remain stable against the US dollar in the coming week and continue its trend until the end of the current fiscal year.
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Pakistan Considers Ending Tax Exemptions on Imports
Pakistan is contemplating significant changes to its tax policies, with plans to withdraw tax exemptions on imports in the upcoming budget for the fiscal year 2024-25.
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