Islamabad, March 15, 2024 – The Federal Board of Revenue (FBR) has undertaken a significant restructuring by transferring 44 senior officers of the Inland Revenue Service (IRS) in a major reshuffle announced on Friday.
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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 33% Surge in Inflation as Ramadan Starts
Islamabad, March 15, 2024 – Pakistan has experienced a substantial 33 percent increase in inflation on a year-on-year (YoY) basis for the week ending March 14, 2024, according to official data released on Friday.
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Bank Deposits of Salary Persons Jump by 25% to Rs 3.77 Trillion
Karachi, March 14, 2024 – In response to challenging economic conditions, bank deposits held by salary earners have surged by an impressive 25 percent, reaching a staggering Rs 3.77 trillion by the end of February 2024, according to official data released on Thursday.
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Pakistan Witnesses $131 Million Rise in Weekly Forex Reserves
Karachi, March 14, 2024 – Pakistan has recorded a significant rise of $131 million in its weekly foreign exchange reserves for the week ending March 8, 2024, according to the State Bank of Pakistan (SBP).
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FPCCI Says SBP’s High-Interest Rate Stance Fails to Curb Inflation
Karachi, March 14, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) voiced apprehensions on Thursday regarding the State Bank of Pakistan’s (SBP) persistent adherence to high-interest rates despite escalating inflation rates.
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Pakistan Stock Market Surges 1,016 Points as Bulls Return
Karachi, March 14, 2024 – The Pakistan stock market witnessed a remarkable climb of 1,016 points on Thursday as bullish sentiments returned, boosting investor confidence across the board.
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Mobile Banking Users in Pakistan Surge to 16 Million by Year-End
Karachi, March 13, 2024 – In a testament to the digital transformation sweeping Pakistan, the State Bank of Pakistan (SBP) announced on Wednesday that the number of mobile banking users in the country reached an impressive 16 million by the close of December 31, 2023.
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Finance Minister Prioritizes Tax System Digitization
Islamabad, March 13, 2024 – Finance Minister Muhammad Aurangzeb declared the documentation of the economy and the complete digitization of the tax system as the government’s foremost priorities during his visit to the Federal Board of Revenue (FBR) Headquarters on Wednesday.
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Bearish Trend Continues as PSX Slips 753 Points
Karachi, Pakistan – The Pakistan Stock Exchange (PSX) extended its losing streak on Wednesday, with the KSE-100 index experiencing a significant decline of 753 points.
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Govt. Bank Borrowing Surges 104% to Rs 4.13 Trillion in 8MFY24
Karachi, March 12, 2024 – Recent data released by the State Bank of Pakistan (SBP) on Tuesday reveals a staggering 104 percent surge in government bank borrowing, reaching Rs 4.13 trillion during the first eight months (July – February) of the fiscal year.
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