Karachi, January 10, 2024 – Pakistan experienced a significant 7 percent decline in the inflow of workers’ remittances during the first half (July – December) of fiscal year 2023-24, according to official data released by the State Bank of Pakistan (SBP) on Wednesday.
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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 Grants Tax Exemption to Judges of Higher Courts
Karachi, January 10, 2024 – Pakistan has introduced income tax exemptions on various allowances granted to judges of higher courts during the tax year 2024.
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Pakistan’s Saving Schemes Observe 8.37% Investment Decline
Karachi, January 9, 2024 – Pakistan is grappling with a substantial decline in investment in saving schemes, as official data released on Tuesday by the State Bank of Pakistan (SBP) indicates a notable downturn for the period ending November 2023.
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FBR Grants Tax Exemption to Employee Perquisites in 2024
Karachi, January 9, 2024 – The Federal Board of Revenue (FBR) has recently announced a tax exemption on various perquisites granted to employees by virtue of their employment.
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FBR Announces Return Filing Deadlines for Tax Year 2024
Karachi, January 8, 2024 – The Federal Board of Revenue (FBR) has released the deadlines for filing the annual return of income and wealth statement for the tax year 2024, providing clarity for taxpayers across various categories.
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FBR Registers Record High of 5.45 Million Active Taxpayers
Karachi, January 8, 2024 – The Federal Board of Revenue (FBR) announced on Monday that it has successfully registered a record-breaking 5.45 million active taxpayers.
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FBR Grants Tax Exemption to Gratuity Payments in 2024
Karachi, January 8, 2024 – The Federal Board of Revenue (FBR) has announced a tax exemption for gratuity payments during the tax year 2024.
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Pakistan Facilitates PayPal Payments for Freelancers
Islamabad, January 7, 2024 – Pakistan has taken a significant step forward in facilitating its freelancers by allowing them to receive payments through PayPal.
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Pakistan Unveils Cash Withdrawal Tax Rates for 2024
Karachi, January 7, 2024 – Pakistan has revealed the tax rates on cash withdrawals for tax year 2024. The move aims to boost revenue collection and promote financial transparency by encouraging participation in the tax system.
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Rupee Poised for Strong Surge Against Dollar in Coming Week
Karachi, January 7, 2024 – The Pakistani Rupee (PKR) is gearing up for a significant uptrend against the US dollar in the upcoming week, propelled by recent foreign inflows and the anticipated approval of funds by the International Monetary Fund (IMF).
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