In a recent move aimed at increasing tax compliance, the Federal Board of Revenue (FBR) has affirmed its intention to block the mobile phone SIMs of non-filers of income tax returns for the tax year 2023.
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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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High-Profile Saudi Trade Delegations Arrives in Islamabad
Islamabad, May 5, 2024 – A significant stride towards enhancing bilateral economic relations between Saudi Arabia and Pakistan was marked by the arrival of a high-profile Saudi trade delegation in Islamabad on Sunday.
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Motor Vehicle Tax Collections Reach Rs 25 Billion in 9MFY24
Islamabad, May 5, 2024 – Pakistan has seen a modest rise in motor vehicle tax collections, reaching Rs 25 billion during the first nine months of fiscal year 2023-24, according to the latest data released by the federal finance ministry.
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Afghan TT Abuses and Iran Smuggling Strain Pakistan Economy
In a revealing assessment by the Pakistan Business Council (PBC), the misuse of the Afghan Transit Trade (ATT) agreement along with unchecked smuggling from Iran has been spotlighted as significant drains on Pakistan’s economy.
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Pakistan Set to Unveil New Industrial Policy in 2024-25 Budget
Pakistan is poised to introduce a comprehensive new industrial policy in the upcoming 2024-25 budget, according to Rana Tanveer Hussain, the Federal Minister for Industry and Production.
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Pakistan and Saudi Arabia Commit to Enhanced Economic Ties
Pakistan and Saudi Arabia on Saturday pledged to deepen their economic ties and increase Saudi investments in Pakistan.
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PM Shehbaz Sharif Eyes Rs 24 Trillion Tax Revenue Potential
Lahore, May 4, 2024 – Prime Minister Muhammad Shehbaz Sharif on Saturday outlined Pakistan’s potential to substantially boost its tax revenues, stating the country could amass over Rs 24 trillion annually, a stark contrast to the current tax target of Rs 9.4 trillion.
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Controversy Brews Over FBR Plan to Block SIMs of Non-Filers
A contentious proposal by the Federal Board of Revenue (FBR) to block the mobile phone SIMs of tax non-filers has ignited controversy and raised legal challenges after the Pakistan Telecommunication Authority (PTA) rejected the initiative, media reported on Saturday.
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FTO Directs FBR for Swift Action Against Fraudulent GDs
Karachi, May 4, 2024 – The Federal Tax Ombudsman (FTO) has mandated an immediate investigation by the Federal Board of Revenue (FBR) into the rampant misuse of Goods Declarations (GD) concerning export consignments processed through Pakistan’s integrated customs platforms, the Pakistan Single Window (PSW) and Web Based One Customs (WeBOC).
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Gold Prices Continue to Fall in Pakistan, Dip to Rs 238,000 per Tola
Karachi, May 4, 2024 – Gold prices in Pakistan have sustained a downward trend, hitting a new low of Rs 238,000 per Tola on Saturday, amid declining consumer purchasing power and a series of global economic shifts.
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