Karachi, December 2, 2023 – The Federal Board of Revenue (FBR) has successfully garnered Rs 722 billion through customs duty and sales tax on the import and supply of petroleum products during the fiscal year 2022-2023.
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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 Collects Rs 155 Billion in Withholding Tax on Immovable Properties in FY23
Karachi, December 2, 2023 – The Federal Board of Revenue (FBR) has collected a staggering Rs 155 billion in withholding tax on the sales and purchases of immovable properties during the Fiscal Year 2022-2023.
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Gold Rates Make Sharp Gain of Rs 3,100 in Pakistan on December 2
Karachi, December 2, 2023 – Gold rates in Pakistan experienced a substantial surge of Rs 3,100 on Saturday, reflecting a remarkable jump in the global markets.
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FBR Empowered with Real-Time Access to Information and Databases under Sales Tax Law
Karachi, December 2, 2023 – The Federal Board of Revenue (FBR) has taken a significant leap into the digital age as it gains real-time access to information and databases under the recently updated Sales Tax Act, 1990 for the tax year 2024.
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Headline Inflation Skyrockets to 29.2% in November 2023
Pakistan Bureau of Statistics (PBS) on Friday revealed that the headline inflation, measured by the Consumer Price Index (CPI), surged to a staggering 29.2 percent Year on Year (YoY) basis in November 2023.
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Pakistan Stock Market Hits All-Time High at 61,691 Points to Begin December
Karachi, December 1, 2023 – The Pakistan stock market kicked off the month of December on a remarkable note by achieving an all-time high at 61,691 points, signaling a strong start to the trading month.
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Pakistan Achieves 33.59% Contraction in Trade Deficit During 5MFY24
Islamabad, December 1, 2023 – Pakistan has reported a substantial contraction of 33.59% in its trade deficit during the initial five months (July – November) of the fiscal year 2023-2024, as per official data released by the Pakistan Bureau of Statistics (PBS) on Friday.
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Building Control Authorities Mandated to Collect 5% Tax Before Approval of Construction Plans
Karachi, December 1, 2023 – In a significant development, provincial building control authorities are now mandated to collect a five percent advance tax before approving building construction plans, as per the updated Income Tax Rules, 2002 for the tax year 2024, issued by the Federal Board of Revenue (FBR).
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State Bank of Pakistan Assures 98% of Depositors Fully Protected
Karachi, December 1, 2023 – The State Bank of Pakistan (SBP) announced on Friday that a remarkable 98% of depositors in the country are fully protected, ensuring their financial security even in the unlikely event of a bank’s failure.
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FBR Achieves Impressive 30% Tax Collection Growth in 5MFY24
Karachi, December 1, 2023 – The Federal Board of Revenue (FBR) has reported an impressive growth of 30 percent in tax collection during the first five months (July – November) of the current fiscal year 2023-2024.
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