Islamabad, February 29, 2024 – Pakistan’s Gross Domestic Product (GDP) has bounced back into positive territory, registering a growth of 2.1% in the first quarter of the fiscal year 2023-24, according to a report released by the Ministry of Finance on Thursday.
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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 Directs Tax Offices to Remain Open Until 8:00 PM Today
Karachi, February 29, 2024 – The Federal Board of Revenue (FBR) has directed tax offices to remain open until 8:00 pm today, signaling an extended effort to ensure the timely collection of duty and taxes.
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FBR to Reveal New Active Taxpayers List on March 1, 2024
Karachi, February 29, 2024 – The Federal Board of Revenue (FBR) is gearing up to unveil the new Active Taxpayers List (ATL) for the tax year 2023 on March 1, 2024.
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Caretaker PM Kakar Disapproves of PTI’s IMF Letter
Islamabad, February 28, 2024 – In a televised appearance on Wednesday, Caretaker Prime Minister Anwaar-ul-Haq Kakar expressed strong disapproval of the Pakistan Tehreek-e-Insaf (PTI) leadership’s recent political move – writing a letter to the International Monetary Fund (IMF).
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Pakistan Stock Exchange Registers 221% Profit Jump in 1HFY24
Karachi, February 28, 2024 – In a surprising turn of events, the Pakistan Stock Exchange (PSX) announced a remarkable 221 percent surge in net profit for the first half (July – December) of fiscal year 2023-24, according to the unconsolidated financial statement released on Wednesday.
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Circular Debt and High-Interest Rates Pose Challenges for PSO
Karachi, February 28, 2024 – Pakistan State Oil (PSO) is grappling with formidable challenges as circular debt and soaring interest rates have substantially increased financial costs, according to a report unveiled on Wednesday.
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Govt’s Bank Borrowing Exceeds Rs 4 Trillion by Mid-February
Karachi, February 28, 2024 – Alarming figures released by the State Bank of Pakistan (SBP) reveal that the government’s bank borrowing has surged beyond Rs 4 trillion by mid-February of the current fiscal year.
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KSE-100 Index Records 51% Profitability Surge in CY23
Karachi, February 27, 2024 – The KSE-100 index of the Pakistan Stock Exchange (PSX) has witnessed an extraordinary surge in profitability, marking a remarkable 51% year-on-year (YoY) growth in CY23, according to analysts at Arif Habib Limited.
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OGDCL Reports Robust 30% Profit Growth in 1HFY24
Karachi, February 27, 2024 – The Oil and Development Company Limited (OGDCL) has delivered an impressive financial performance, announcing a significant 30% growth in net profit for the first half of fiscal year 2023-24.
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NEPRA Approves Significant Increase in Electricity Tariff
Islamabad, February 26, 2024 – In a recent development, the National Electric Power Regulatory Authority (NEPRA) has officially announced a National Average Uniform increase of Rs 7.0562 per unit in Fuel Charges Adjustment (FCA) for Distribution Companies (DISCOs) for the month of January 2024.
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