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.
(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.
-
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.
(more…) -
Pakistan Faces 66% Plunge in Car Sales for December 2023
Karachi, January 11, 2024 – Pakistan has recorded a staggering 66% decline in car sales on a Year-on-Year (YoY) basis for December 2023.
(more…) -
Pakistan Stocks Surge 698 Points Ahead of IMF Meeting
Karachi, January 11, 2024 – The Pakistan stocks experienced a notable surge today as the benchmark KSE-100 index gained 698 points, closing at 64,618 points ahead of the upcoming executive board meeting with the International Monetary Fund (IMF).
(more…) -
Pakistan Awards New Exploration Blocks to Boost Reserves
Karachi, January 11, 2024 – Pakistan has taken a significant stride in its quest for energy security by awarding new exploration blocks to prominent oil and gas development companies operating within the country.
(more…) -
FBR Mandates Digital Invoices for FMCGs from Feb 1
Karachi, January 11, 2024 – The Federal Board of Revenue (FBR) announced on Thursday the mandatory issuance of digital sales tax invoices for sellers dealing in fast-moving consumer goods (FMCGs).
(more…) -
FBR Releases List of Income Tax-Exempt Entities for 2024
Karachi, January 11, 2024 – The Federal Board of Revenue (FBR) has unveiled a detailed list of entities entitled to income tax exemption for the tax year 2024.
(more…) -
Government Bank Borrowing Hits Rs 4.28 Trillion in 1HFY24
Karachi, January 11, 2024 – The federal government has borrowed an unprecedented Rs 4.28 trillion during the first half (July – December) of the current fiscal year 2023-24, marking a substantial surge compared to the corresponding period last year.
(more…) -
FBR Initiates Disconnection Drive Against Non-Filers
Karachi, January 11, 2024 – In a bold move to bolster tax compliance, the Federal Board of Revenue (FBR) has embarked on the disconnection of phone, gas, and electricity services for individuals who have failed to file their income tax returns.
(more…) -
FTO Extends Tax Relief of Rs 17.74 Billion in 2023
Islamabad, January 10, 2024 – The Federal Tax Ombudsman (FTO) has delivered substantial tax relief amounting to Rs 17.74 billion in 2023, surpassing the previous year’s figure of Rs 7 billion.
(more…)