Islamabad, April 23, 2024 – The Federal Board of Revenue (FBR) took a significant step towards enhancing tax compliance by issuing a directive for the mandatory integration of 1,680 Tier-1 retailers into its Point of Sale (POS) system.
(more…)Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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Gold Sees Drastic Single-Day Fall of Rs 7,800 in Pakistan
Karachi, April 23, 2024 – In a dramatic turn of events, gold prices in Pakistan witnessed drastic fall of Rs 7,800 in a single day, influenced by a significant downturn in the global markets.
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PM Shehbaz Sharif Suspends FBR Officials Over Tax Case Delays
Islamabad, April 23, 2024 – In a decisive move against bureaucratic inefficiency, Prime Minister Muhammad Shehbaz Sharif has ordered the suspension of the Commissioner of Inland Revenue of Federal Board of Revenue (FBR) Islamabad along with other senior tax officials for their alleged willful delay in handling tax cases.
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FBR Gets Proposal to Align Property Valuations with FMV
Karachi, April 23, 2024 – The Federal Board of Revenue (FBR) is reviewing a pivotal proposal from the Pakistan Business Council (PBC) aimed at enhancing property valuations to align closer with the fair market value (FMV).
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Foreign Direct Investment Drops 10% in July-March FY24
Karachi, April 22, 2024 – Pakistan has witnessed a notable decline in Foreign Direct Investment (FDI) during the first nine months of fiscal year 2023-24, with a 10 percent decrease compared to the same period last year, as reported by the State Bank of Pakistan (SBP).
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Pakistan and Iran Aim Bilateral Trade at $10 Billion Annually
Islamabad, April 22, 2024 – In a significant development aimed at bolstering economic ties between neighboring countries, Pakistan and Iran agreed on Monday to enhance bilateral trade and expand business activities in their border regions.
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Pakistan Posts $619 Million Current Account Surplus in March 2024
Karachi, April 22, 2024 – In a remarkable economic turn, Pakistan has registered a current account surplus of $619 million for the month of March 2024, as announced by the State Bank of Pakistan (SBP) on Monday.
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Pakistan Stock Market Achieves Fresh Peak at 71,433 Points
Karachi, April 22, 2024 – Pakistan stock market achieved fresh peak Monday, with the KSE-100 index reaching an unprecedented high of 71,433 points.
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Mari Petroleum Announces First Oil Discovery in Sindh
Karachi, April 22, 2024 – In a significant development for Pakistan’s energy sector, Mari Petroleum Company Limited (MPCL) revealed on Monday that it has discovered oil at the Shawal-1 exploratory well in the Sindh province.
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Pakistan Imports Mobile Phones Worth $1.30 Billion in 9 Months
In a significant uptick, Pakistan has imported mobile phones worth $1.30 billion during the first nine months (July – March) of the fiscal year 2023-24, marking a 181 percent increase from the same period last year. This surge compares to a modest $462 million in mobile phone imports during the corresponding months of the previous fiscal year, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
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