The Federal Board of Revenue (FBR) has taken significant steps towards streamlining tax litigation processes by drafting new legislation aimed at expediting the disposal of tax cases.
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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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Saudi Crown Prince Hosts Iftar for Pakistani Premier
In a gesture of warm hospitality, Saudi Crown Prince Mohammed Bin Salman hosted an Iftar at the Al-Safa Palace in Makkah for Prime Minister Shehbaz Sharif and his delegation, who are currently on a three-day visit to the kingdom.
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PM Shehbaz Sharif Commences Three-Day Visit to Saudi Arabia
MADINA MUNAWARAH, April 6, 2024 – Prime Minister Shehbaz Sharif, accompanied by a high-level delegation, landed in Saudi Arabia today for a three-day official visit, aimed at bolstering bilateral ties and enhancing cooperation between the two brotherly nations.
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Gold Jumps to All-Time High in Pakistan at Rs 245,100 per Tola
Karachi, April 6, 2024 – The gold market in Pakistan soared to unprecedented heights on Saturday as prices surged to an all-time high of Rs 245,100 per tola, driven by a substantial increase in international markets.
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Philip Morris Pakistan and FBR Locked in Lengthy Legal Disputes
Philip Morris Pakistan Limited, a leading cigarette manufacturer in the country, has unveiled a complex web of litigations stretching across numerous years against tax authorities, which have resulted in substantial tax demands.
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SBP Unveils Ambitious Quarterly Government Borrowing Plan
The State Bank of Pakistan (SBP) has revealed an ambitious plan for government borrowing from banks, aiming to secure approximately Rs 5 trillion during the last quarter of the fiscal year 2023-24.
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Pakistani Stocks Likely to Stay Positive from April 8, 2024
As the new trading week kicks off on April 8, 2024, Pakistani stocks are anticipated to retain their positive trajectory, buoyed by improved sentiments surrounding recent economic developments.
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Super Tax and Deemed Income Tax under Tajir Dost Scheme
Karachi, April 5, 2024 – Shopkeepers and traders enrolled in the newly launched Tajir Dost Scheme are required to pay super tax and tax on deemed income, as outlined by the Federal Board of Revenue (FBR) through the Tajir Dost (Special) Procedure, 2024.
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FBR Enforces Media Silence for Officials, Restricting Interaction
Karachi, April 5, 2024 – The Federal Board of Revenue (FBR) has issued a directive prohibiting its officials from engaging directly with the media, sparking debates over transparency and accountability within the organization.
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IMF Board to Decide on $1.1 Billion Tranche for Pakistan Late April
The International Monetary Fund (IMF) is poised to make a crucial decision regarding Pakistan’s financial assistance, with the Executive Board set to deliberate on the approval of a $1.1 billion tranche by the end of April.
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