Karachi, August 22, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has issued a stern demand to tax authorities for the immediate withdrawal of Section 7E across the entire country.
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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 Rupee Hits Historic Low of PKR 299.01 to US Dollar at Interbank Closing
Karachi, August 22, 2023 – The Pakistani Rupee (PKR) has hit a historic low, closing at PKR 299.01 against the US dollar in the interbank foreign exchange market on Tuesday.
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Pakistani Rupee Hits All-Time Low at PKR 299 Against the US Dollar
Karachi, August 22, 2023 – The Pakistani Rupee (PKR) plunged to an unprecedented low against the US dollar today, reaching PKR 299 in intraday trading at the interbank market.
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Dollar Gains Strength, Reaches PKR 297.74 in Midday Interbank Trading
Karachi, August 22, 2023 – The US dollar has strengthened its position against the Pakistani Rupee, surging to PKR 297.74 during midday interbank trading today.
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FBR Notifies Rules to Fully Implement Pakistan Single Window
Islamabad, August 22, 2023 – In a significant move towards streamlining trade processes and enhancing compliance, the Federal Board of Revenue (FBR) has issued a notification to enforce the Pakistan Single Window (PSW) system for all government agencies.
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Pakistan Collects Rs 417 Billion as Sales Tax on Services During FY23
Karachi, August 22, 2023 – Pakistan has achieved a significant milestone by collecting a total of Rs 417 billion as sales tax on services during the fiscal year 2022-23, as disclosed by official documents on Tuesday.
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Rupee Plunges to PKR 297.13 Against Dollar, Nears Historic Low in Interbank
Karachi, August 21, 2023 – The Pakistani Rupee (PKR) experienced a sharp decline of PKR 1.35 against the US Dollar on Monday, edging closer to its historic low in interbank foreign exchange market.
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Number of Active Taxpayers in Pakistan Reaches Record High at 4.43 Million
Islamabad, August 21, 2023 – In a significant milestone for Pakistan’s revenue collection efforts, the Federal Board of Revenue (FBR) has announced that the number of active taxpayers in the country has reached a record high of 4.43 million.
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US Dollar Gains Ground, Exchanging for PKR 296.25 in Midday Trading
Karachi, August 20, 2023 – The Pakistani Rupee (PKR) faced mounting pressure against the US dollar during midday trading on Monday, with the rupee weakening by 47 paisas to reach PKR 296.25 against the dollar in interbank trading.
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Salary Taxation in Pakistan: FBR Issues Updated Guidelines
Islamabad, August 21, 2023 – The Federal Board of Revenue (FBR) in Pakistan has recently released an updated structure of taxation on salary income, with the new regulations coming into effect on July 1, 2023.
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