Karachi, May 11, 2024 – Topline Securities Limited, a leading brokerage firm, has released new projections for the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX), foreseeing significant growth in the coming months.
(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.
-
Pakistan Commits No Tax Amnesty in 2024-25
Islamabad, May 11, 2024: Pakistan has pledged not to launch any tax amnesty schemes in fiscal year 2024-25 as part of its commitment to bolster the country’s fiscal sustainability and ensure continuous fiscal consolidation.
(more…) -
Foreign Investors Propose Demonetization of Rs 5,000 Banknote
Islamabad, May 11, 2024: In a bold move aimed at curbing cash transactions and enhancing tax compliance, foreign investors operating in Pakistan have proposed the government to demonetize the Rs 5,000 banknote.
(more…) -
Telecom Operators Begin Blocking SIMs of Non-Filers in Pakistan
Islamabad, May 10, 2024 – Pakistan’s telecom operators have begun the process of blocking mobile phone SIM cards belonging to individuals who have not filed their income tax returns.
(more…) -
IMF Flags High Economic Risks in Pakistan Amid Uncertainty
Karachi, May 10, 2024 – The International Monetary Fund (IMF) on Friday issued a warning that Pakistan faces “exceptionally high” downside risks to its economic stability.
(more…) -
Pakistan Stocks Soar to New Record High at 73,085 Points
Karachi, May 10, 2024 – The Pakistan Stock Exchange (PSX) witnessed a historic trading session on Friday, as the KSE-100 index rocketed to a new record close of 73,085 points, marking a substantial gain of 429 points from the previous day’s finish of 72,658.
(more…) -
Pakistan Reports Notable Decrease in Weekly Inflation by 1.39%
Pakistan observed a welcome decline in weekly inflation, with a decrease of 1.39 percent for the week ending May 9, 2024, compared to the prior week.
(more…) -
PM Shehbaz Directs Formulating Export-Friendly Trade Policy
Islamabad, May 10, 2024 – Prime Minister Shehbaz Sharif has instructed government officials to craft a new trade policy that prioritizes export enhancement and is friendly to business interests.
(more…) -
Pakistan Reports $1.143 Billion Surge in Weekly Forex Reserves
Karachi, May 9, 2024 – Pakistan has seen a robust increase in foreign exchange reserves this week, with an infusion of $1.143 billion, boosting the total reserves to $14.459 billion as of May 3, 2024, according to data released by the State Bank of Pakistan (SBP).
(more…) -
FBR Receives Proposals to Clamp Down Benami Car Purchases
KARACHI, May 9, 2024 – The Federal Board of Revenue (FBR) is considering new measures for the 2024-25 budget to combat benami (anonymous) transactions in the automobile sector and to enhance tax collection across various sectors.
(more…)