Islamabad, January 15, 2024 – The Federal Tax Ombudsman (FTO) has launched an investigation into allegations of bribery by officials of the Federal Board of Revenue (FBR) targeting fish exporters.
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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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FBR Allows Reduced Tax Rates on Profit on Debt for 2024
Karachi, January 15, 2024 – The Federal Board of Revenue (FBR) has allowed a reduced rate of income tax on profit on debt for the year 2024. This decision comes as part of the updated Income Tax Ordinance, 2001, specifically tailored for the tax year 2024.
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Pakistan Announces Fortnightly Petroleum Prices Today
Karachi, January 15, 2024 – Today, Pakistan is gearing up for a crucial announcement regarding its fortnightly petroleum prices.
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FBR Grants Tax Exemption on Remittances for Non-Residents
Karachi, January 14, 2024 – In a significant move, the Federal Board of Revenue (FBR) has announced a comprehensive tax exemption on foreign remittances received by non-residents.
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FBR Unveils Significant Measures for Ease of Doing Business
Karachi, January 13, 2024 – The Federal Board of Revenue (FBR) has recently showcased a series of impactful measures implemented during the fiscal year 2022-23, aimed at promoting ease of doing business in Pakistan.
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FBR Grants Tax Exemption on First Sale of Property in 2024
Karachi, January 13, 2024 – The Federal Board of Revenue (FBR) has made a significant move by granting income tax exemption on the first sale of immovable property during the tax year 2024.
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FTO Directs Tax Audit of Nil Filer Medical College
Karachi, January 13, 2024 – The Federal Tax Ombudsman (FTO) has taken a significant step towards ensuring tax compliance within the private education sector by directing the Federal Board of Revenue (FBR) to conduct a thorough tax audit of Watim Medical College.
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Sensitive Price Inflation Skyrockets by Over 44% in Pakistan
Islamabad, January 13, 2024 – Alarming economic indicators continue to surface in Pakistan as the Sensitive Price Indicator (SPI) reports a staggering 44.16 percent year-on-year (YoY) inflation for the week ending January 11, 2024.
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IMF Urges Pakistan to Boost Revenue from Non-Filers
Karachi, January 12, 2024 – The International Monetary Fund (IMF) has advised Pakistan to enhance revenue collection from non-filers to support social and development initiatives.
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IMF Board Greenlights $700 Million Boost for Pakistan Economy
Karachi, January 11, 2024 – In a significant development, the Executive Board of the International Monetary Fund (IMF) has granted approval for an immediate disbursement of $700 million to Pakistan.
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