Karachi, September 3, 2023 – Following a significant depreciation over the past two weeks, the Pakistani Rupee (PKR) is poised to exhibit resilience against the US dollar in the coming week, offering some solace to concerned observers.
(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.
-
FBR Launches Mega Operation Against Sugar Mills to Examine Stock Position
In response to the ongoing sugar crisis in Pakistan, the Federal Board of Revenue (FBR) has initiated a comprehensive operation targeting sugar mills across the country.
(more…) -
Tax Return Filing in Pakistan Plagued by Technical and Legal Glitches
Karachi, September 2, 2023 – The process of tax return filing for the year 2023 in Pakistan has encountered a multitude of technical and legal glitches, according to the Karachi Tax Bar Association (KTBA).
(more…) -
Petroleum Sales Witness 8% Decline in August 2023
Karachi, September 2, 2023 – Pakistan’s total petroleum sales for August 2023 reached 1.41 million tons, marking an 8 percent year-on-year (YoY) decline.
(more…) -
Headline Inflation Soars to 27.4% in August 2023
Islamabad, September 1, 2023 – The Pakistan Bureau of Statistics (PBS) has reported a staggering 27.4 percent year-on-year increase in headline inflation, as measured by the Consumer Price Index (CPI), for the month of August 2023. This surge in inflation has raised concerns about the economic stability of the country.
(more…) -
Pakistan’s Trade Deficit Shrinks by Over 40% in the First Two Months of FY24
Karachi, September 1, 2023 – Pakistan’s trade deficit has undergone a significant contraction, decreasing by over 40 percent during the first two months of fiscal year 2023-24, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.
(more…) -
FBR Assures Traders of Easing Tax Burden on Electricity Bills
Karachi, September 1, 2023 – The Federal Board of Revenue (FBR) has reaffirmed its commitment to ease the tax burden on electricity bills, addressing the concerns of the business community in Karachi and fostering a cooperative relationship with traders.
(more…) -
Sindh Revenue Board Achieves Unprecedented 49% Collection Growth in 2MFY24
Karachi, September 1, 2023 – The Sindh Revenue Board (SRB) has achieved a remarkable 49% growth in revenue collection during the first two months of the fiscal year 2023-24, showcasing its commitment to fiscal excellence even in challenging economic times.
(more…) -
FBR Imposes 4% Further Tax on Electricity Bills for Inactive Taxpayers
Karachi, September 1, 2023 – The Federal Board of Revenue (FBR) has initiated the collection of a further tax at a rate of four percent on electricity bills for individuals who are not listed in the active taxpayers list (ATL), as per an official document.
(more…) -
Next Monetary Policy Meeting Confirmed for September 14: SBP
Karachi, September 1, 2023 – The State Bank of Pakistan (SBP) has officially dismissed rumors of an unscheduled monetary policy committee (MPC) meeting and reaffirmed that the next review of interest rates will take place on September 14, 2023.
(more…)