Karachi, September 11, 2023 – Pakistan has witnessed a substantial decline in workers’ remittances, with inflows plummeting by over 21 percent during the first two months 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.
-
Pakistani Rupee Surges Against the Dollar, Ending at PKR 301.16
Karachi, September 11, 2023 – The Pakistani Rupee (PKR) demonstrated remarkable strength against the US dollar by closing at PKR 301.16 in the interbank foreign exchange market, marking the fourth consecutive session of appreciation.
(more…) -
IRIS 2.0 Disables Taxpayers from Responding to Audit and Assessment Notices
Karachi, September 11, 2023 – A critical flaw within the digital tax infrastructure of IRIS 2.0 has come to light, causing a predicament for taxpayers who find themselves unable to effectively engage with audit and assessment notices.
(more…) -
Record-Breaking 4.6 Million on ATL as FBR Intensifies Hunt for Potential Taxpayers
Karachi, September 11, 2023 – Pakistan’s Active Taxpayers List (ATL) has soared to a remarkable pinnacle, reaching a record-breaking 4.6 million individuals and entities.
(more…) -
Dollar Plunges to PKR 301 in Early Day Interbank Trading on September 11
Karachi, September 11, 2023 – In a significant development, the US dollar plummeted to PKR 301 in early day trading on Monday at the interbank foreign exchange market. This marked a steep decline of PKR 1.95 in the dollar’s value from last Friday’s closing rate of PKR 302.95.
(more…) -
Pakistan Cracks Down on Hawala and Hundi Operators, Arrests 59 Individuals
Karachi, September 10, 2023 – Pakistan has taken decisive action against individuals engaged in illegal currency operations, arresting approximately 59 people involved in the clandestine world of hawala and hundi. The arrests were announced by Caretaker Interior Minister Sarfaraz Ahmed Bugti during a press conference held on Sunday.
(more…) -
Penalties for Failure in Return Filing by Due Date in Pakistan
Karachi, September 10, 2023 – The Federal Board of Revenue (FBR) in Pakistan has established stringent penalties for individuals, businesses, Associations of Persons (AOPs), and companies that fail to file their annual income tax returns by the due date.
(more…) -
PKR Expected to Maintain Recovery Against Dollar Next Week
Karachi, September 10, 2023: The Pakistani Rupee (PKR) is likely to continue its recovery against the US dollar in the coming week, buoyed by a major crackdown on currency smuggling and hoarding initiated by authorities.
(more…) -
PKR Appreciates by 8% to US Dollar in Open Market Amid Massive Crackdown
Karachi, September 9, 2023 – The Pakistani Rupee (PKR) has experienced a remarkable appreciation of 8 percent against the US dollar during the past week in the open market, attributed to a massive crackdown against currency smuggling operations.
(more…) -
Gold Rates in Pakistan on Week-Long Decline Trajectory
Karachi, September 9, 2023 – Gold rates in Pakistan have been on a week-long downward trajectory, witnessing a remarkable decline of approximately 11.60 percent or Rs 27,800.
(more…)