Karachi, October 10, 2023 – Pakistan has experienced a significant 20 percent decline in foreign remittances during the first quarter (July – September) of fiscal year 2023-24.
(more…)Category: Top stories
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.
-
Rupee Bulldozes Dollar by 8.66% Since Falling to Historic Low
Karachi, October 10, 2023 – The Pakistani Rupee (PKR) has demonstrated remarkable strength by appreciating by 8.66 percent against the US dollar since hitting a historic low of PKR 307.10.
(more…) -
PBC Discovers Massive Underreporting of Pakistan Exports to China
Karachi, October 10, 2023 – The Pakistan Business Council (PBC) has revealed a significant issue of underreporting in Pakistan’s exports to China, raising concerns about foreign exchange problems faced by the country.
(more…) -
Pakistan Monitors Global Oil Prices as Israel-Hamas Conflict Intensifies
Karachi, October 9, 2023 – Pakistan is closely monitoring global oil prices as the Israel-Hamas conflict intensifies. The conflict escalated on Monday when Hamas launched attacks on Israeli installations last week, resulting in significant losses for both sides.
(more…) -
Pakistani Rupee Reaches Record 23rd Straight Gain Against Dollar, Closes at PKR 281.65
Karachi, October 9, 2023 – The Pakistani Rupee (PKR) extended its remarkable winning streak for the 23rd consecutive session against the US dollar, ending at PKR 281.65 in the interbank foreign exchange market.
(more…) -
Pakistan’s Active Taxpayers List Reaches New Record of 4.83 Million Return Filers
Islamabad, October 9, 2023: The Federal Board of Revenue (FBR) on Monday announced that Pakistan’s Active Taxpayers List (ATL) has reached a new historic high of 4.83 million return filers for tax year 2022.
(more…) -
FBR Updates Super Tax Rates for High-Earning Individuals
Karachi, October 9, 2023 – The Federal Board of Revenue (FBR) has introduced updated super tax rates for high-earning individuals for the tax year 2024.
(more…) -
Pakistan Introduces Minimum Tax for Companies Declaring Losses in Tax Year 2024
Karachi, October 8, 2023 – Pakistan has implemented a minimum tax requirement for companies that frequently declare losses in their financial statements, effective for Tax Year 2024.
(more…) -
PKR Expected to Maintain its Winning Streak Amid Afghan Transit Restrictions
Karachi, October 8, 2023 – The Pakistani rupee (PKR) is poised to continue its ascent against the US dollar in the coming week as Pakistan implements various restrictions on Afghan transit trade.
(more…) -
Pakistan Begins Collecting Bank Guarantee for Afghan Transit Goods to Curb Pilferage
Karachi, October 7, 2023 – In a bid to enhance security measures and curb pilferage of Afghan transit goods on Pakistani soil, Pakistan has initiated the process of collecting bank guarantees for goods intended for Afghan transit trade.
(more…)