Islamabad, April 30, 2024 – In a welcome move for consumers, Pakistan has announced a decrease in the prices of petrol and diesel starting May 1, 2024.
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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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LTO Karachi Surpasses Rs 2 Trillion Amid Organizational Upheaval
KARACHI: Despite gloomy and uncertain organizational upheaval, the Large Taxpayers Office (LTO) Karachi has hit a new milestone by collecting over Rs 2 trillion in revenue for the fiscal year 2023-24, as of April 30, 2024.
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FBR Blocks Mobile Phone SIMs of Half a Million Non-Filers
Islamabad, April 30, 2024 – The Federal Board of Revenue (FBR) has taken stringent action against non-filers by blocking the mobile phone SIMs of half a million individuals.
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Pakistan’s Economy on Track for Robust Recovery: Report
Islamabad, April 30, 2024 – According to the Ministry of Finance’s Economic Update and Outlook for April, released this Tuesday, Pakistan’s national economy is set for a strong recovery, evidenced by encouraging macroeconomic indicators that signal sustained progress and development in the coming fiscal year.
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IMF Approves $1.1 Billion Immediate Disbursement to Pakistan
Washington, DC – April 29, 2024 – In a significant boost for Pakistan’s economic stability, the Executive Board of the International Monetary Fund (IMF) approved an immediate disbursement of $1.1 billion.
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Deadline Approaches for Registration under Tajir Dost Scheme
Karachi, April 30, 2024 – Today marks the final call for shopkeepers and small traders across Pakistan to register under the newly launched Tajir Dost Scheme. The Federal Board of Revenue (FBR) introduced this initiative at the start of April 2024, providing a one-month window, which concludes today, for mandatory registration.
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Repatriation of Profits and Dividends Skyrockets 256% in 9MFY25
Karachi, April 29, 2024 – A significant uptick has been observed in the repatriation of profits and dividends by foreign companies in Pakistan, with figures surging 256% in the period from July 2023 to March 2024.
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National Assembly Passes Money Bill to Amend Tax Laws
Islamabad, April 29, 2024 – The National Assembly of Pakistan took a significant step forward in tax reform by approving a new money bill aimed at amending existing tax laws, which promises to streamline the tax litigation process and strengthen tax compliance across the country.
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SBP Holds Policy Rate Steady at 22% Amid Economic Recovery
Karachi, April 29, 2024 – The State Bank of Pakistan (SBP) has decided to maintain its benchmark policy rate at 22 percent, the bank’s Monetary Policy Committee (MPC) announced after its meeting today.
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KSE-100 Index Tumbles After Brief Surge Above 73,000
Karachi, April 29, 2024 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a significant downturn, losing 1,048 points, closing at 71,695 after an earlier peak crossing the 73,000 milestone during Monday’s trading session.
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