Karachi, August 30, 2023 – The Federal Tax Ombudsman (FTO) has issued a directive to customs authorities, urging them to rectify significant flaws in the assessment and valuation process of mobile phones.
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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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Pakistani Banks Report Remarkable Tripled Profitability in 2Q2023
Karachi, August 30, 2023 – Pakistan’s commercial banking sector has achieved an extraordinary three-fold increase in profitability during the second quarter of 2023.
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FBR Announces Income Tax Payment By Retailers Through Electricity Bills
Karachi, August 30, 2023 – The Federal Board of Revenue (FBR) has announced a new method for retailers to pay their income tax through their monthly electricity bills.
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FPCCI Demands Tax Exemption on Electricity Bills to Relieve Masses
Karachi, August 29, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for immediate sales tax exemptions on electricity bills to alleviate the financial burden on the public.
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Rupee Depreciation Continues for 8th Straight Day; Hits New Low at PKR 303.05 to Dollar
Karachi, August 29, 2023 – The Pakistani Rupee (PKR) has continued its relentless decline against the US dollar for the eighth consecutive day, setting a new all-time low at PKR 303.05 in the interbank foreign exchange market.
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Federal Cabinet Set to Announce Relief in Inflated Electricity Bills
Islamabad, August 28, 2023 – The federal cabinet of Pakistan’s caretaker government is poised to take action to alleviate the burden of inflated electricity bills in a meeting scheduled for August 29, 2023.
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FBR Issues Mandatory Rules for Declaration of Beneficial Owners by Corporate Entities
Karachi, August 28, 2023 – The Federal Board of Revenue (FBR) took a significant step on Monday by issuing new rules that make it mandatory for corporate entities to declare their beneficial owners.
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Citizens Rush to Attain Active Taxpayer Status to Avoid Soaring Electricity Bills
Karachi, August 28, 2023 – In a remarkable development, a significant surge has been observed in Pakistan’s Active Taxpayers List (ATL), driven by citizens seeking this status to circumvent skyrocketing electricity bills.
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Dollar Touches New Peak at PKR 302 Against Rupee in Interbank Closing on August 28
Karachi, August 28, 2023 – In a concerning development for Pakistan’s economy, the US dollar soared to a historic high of PKR 302 at the close of the interbank foreign exchange market on Monday, August 28.
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Pakistani Rupee Hits New Intraday Low at PKR 301.75 Against Dollar
Karachi, August 28, 2023 – The Pakistani Rupee (PKR) experienced a new intraday low against the US dollar on Monday, reaching PKR 301.75 during trading.
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