Islamabad, October 31, 2023 – The Federal Board of Revenue (FBR) has exceeded its revenue collection target for the first four months of the fiscal year 2023-24, amassing an impressive total of Rs 2.75 trillion.
(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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Pakistan Aims to Eliminate Tax Exemptions for Fiscal Sustainability
Islamabad, October 31, 2023 – In a bid to achieve long-term fiscal sustainability, Pakistan has set its sights on eliminating tax exemptions.
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Dollar Makes Steady Growth Against Pakistani Rupee for 7th Session; Reaches PKR 281.47
Karachi – October 31, 2023 – The US dollar continued its steady ascent against the Pakistani Rupee (PKR) for the seventh consecutive session, closing at PKR 281.47.
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FBR May Grant Another Return Filing Extension For Tax Year 2023
Karachi, October 31, 2023 – The Federal Board of Revenue (FBR) is on the verge of granting another extension for the return filing deadline for the tax year 2023, which was initially set for October 31, 2023.
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Pakistan unveils new petroleum prices today on Oct 31
Karachi, October 31, 2023 – Pakistan is all set to reveal the latest petroleum prices that will come into effect from November 1, 2023, and will remain applicable for the first half of November.
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Sindh High Court Grants Interim Relief in Section 7E of Income Tax Ordinance
KARACHI, October 30, 2023 — In a significant development concerning income tax regulations in Pakistan, the Sindh High Court (SHC) has granted interim relief in a case related to deemed income under Section 7E of the Income Tax Ordinance, 2001.
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Pakistan Maintains Benchmark Interest Rate at 22% on Easing Inflation Expectations
Karachi, October 30, 2023 – Pakistan has chosen to uphold the benchmark interest rate at 22 percent, anticipating a substantial decline in inflation. In a statement released by the State Bank of Pakistan (SBP) on Monday, the Monetary Policy Committee (MPC) cited their outlook for a decreasing inflation trend.
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Active Taxpayers List in Pakistan Reaches Record 4.98 Million
Karachi, October 30, 2023 –Active Taxpayers List (ATL) in Pakistan has reached a historic high of 4.98 million taxpayers as of October 29, 2023, according to official data released by the Federal Board of Revenue (FBR).
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FPCCI Requests 15-Day Extension in Tax Return Filing Deadline
Karachi, October 29, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has made a formal request for an additional 15-day extension to the deadline for filing income tax returns.
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Non-filers Face Disconnection of Mobile and Electricity Services After October 31, 2023
Karachi, October 29, 2023 – Non-filers of income tax returns in Pakistan are on the brink of losing their mobile phone and electricity connections after the looming deadline of October 31, 2023.
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