Karachi, December 19, 2023 – The Federal Board of Revenue (FBR) has taken a significant step towards refining the tax recovery process by issuing a comprehensive list of items exempted from confiscation.
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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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SBP Allows Banks for Third-Party Customer Verification Platform
Karachi, December 18, 2023 – The State Bank of Pakistan (SBP) has granted approval for banks to leverage a shared platform for Know Your Customer (KYC) and Customer Due Diligence (CDD).
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Foreign Direct Investment Grows by 12% in November 2023
Karachi, December 18, 2023 – Foreign Direct Investment (FDI) into Pakistan recorded a substantial growth of 12 percent, reaching $131.4 million in November 2023 on a Year-on-Year (YoY) basis.
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Pakistan Records 64.46% contraction in CAD in 5MFY24
Karachi, December 18, 2023 – Pakistan has witnessed a significant contraction of 64.46 percent in its Current Account Deficit (CAD) during the first five months (July – November) of the fiscal year 2023-24, according to data released by the State Bank of Pakistan (SBP) on Monday.
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Pakistan Enforces Requirement of Beneficial Owner Details
Karachi, December 17, 2023 – Pakistan has enforced stringent requirements for companies and Associations of Persons (AOPs) to furnish detailed information about beneficial owners.
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Firmer Rupee Outlook for Week Starting December 18, 2023
Karachi, December 17, 2023 – Currency analysts are anticipating a stable trajectory for the Pakistani Rupee (PKR) against the US Dollar in the upcoming week, starting December 18, 2023.
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FBR Transfers Senior IRS Officers in Major Administrative Overhaul
Karachi, December 16, 2023 – The Federal Board of Revenue (FBR) announced on Saturday a major administrative overhaul and transferred senior officers within the Inland Revenue Service (IRS).
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FBR Mandates Displaying NTN at Business Places for TY2024
Karachi, December 16, 2023 – The Federal Board of Revenue (FBR) in Pakistan has issued a significant directive, making it mandatory for businesses to display their National Tax Number (NTN) at their respective places of operation during the tax year 2024.
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Pakistan Slashes Petroleum Prices in Final 2023 Revision
Islamabad, December 16, 2023 –Pakistan has implemented substantial cuts in petroleum prices in the last revision for the year 2023.
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Banks Witness All-Time High Deposits at Rs 26.80 Trillion
Karachi, December 15, 2023 – Banks in Pakistan have witnessed all-time high deposits of Rs 26.80 trillion by end of November 2023, according to official statistics.
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