Karachi, September 9, 2023 – Pakistan has granted authorization for tax authorities to enter and search premises for the purpose of conducting audits and assessing individuals liable for taxation.
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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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Unveiling the Benefits: Why Pakistan Should Demonetize the Rs 5000 Banknote
Amidst heated debates surrounding the demonetization of the Rs 5000 banknote in Pakistan, particularly in the wake of a recent fake news episode, the question of why Pakistan should consider phasing out this high-denomination currency looms large.
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FBR Mandates Taxpayers to Retain Records for Six Years for Audit Purposes
Karachi, September 9, 2023 – The Federal Board of Revenue (FBR) has reminded taxpayers of the mandatory requirement to retain records for the past six years for audit purposes.
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EOBI Pension Increased by 17% to Rs 10,000
Islamabad, September 8, 2023 – In a move aimed at improving the financial well-being of retired citizens, the federal government announced on Friday a significant increase of 17 percent in the pension provided by the Employees Old Age Benefits Institution (EOBI), raising it to Rs 10,000.
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Prices of Wheat and Sugar Double in Basket of Essential Items: Pakistan Bureau
Karachi, September 8, 2023 – Alarming data released by the Pakistan Bureau of Statistics (PBS) on Friday reveals that the prices of wheat flour and sugar have doubled over the past year, adding to the economic challenges faced by the nation.
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PKR Maintains Winning Streak Against Dollar for Third Consecutive Day at Interbank
Karachi, September 8, 2023 – In a remarkable display of resilience, the Pakistani Rupee (PKR) continued its winning streak against the US dollar for the third consecutive day on Friday, bolstered by a series of proactive measures implemented by authorities.
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Dollar Falls to PKR 302 in Intraday Amid Crackdown Against Currency Smuggling
Karachi, September 8, 2023 – The Pakistani Rupee (PKR) witnessed a sharp and significant recovery against the US dollar in intraday trading on Friday, as authorities continued their relentless crackdown against currency smuggling and the black market.
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Tax System Digitization Underway as Part of Reforms: PM Kakar
Islamabad, September 7, 2023 – Caretaker Prime Minister Anwaar ul Haq Kakar has announced that Pakistan’s tax system is undergoing a digital transformation as part of the government’s tax reform efforts.
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Pakistan Facilitates Conversion of Rs 5 Billion Worth Unregistered Prize Bonds
Karachi, September 8, 2023 – Pakistan has taken steps to facilitate its citizens in converting unregistered prize bonds worth approximately Rs 5 billion, with a deadline set for the end of June next year.
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Pakistan Refutes Reports of Ban on Rs 5000 Banknote
Islamabad, September 7, 2023 – Pakistan has officially denied recent reports suggesting a ban on the Rs 5000 denomination banknote. The Ministry of Finance issued a statement on Thursday to address the circulating rumors and clarify the situation.
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