Islamabad, August 4, 2023 – Pakistan is facing an alarming surge in the prices of essential consumer items, with a staggering 30% increase Year on Year (YoY) by the week ended August 3, 2023.
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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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President Alvi Directs UBL to Refund Defrauded Amount and Address Online Fraud Concerns
Islamabad, August 4, 2023 – President Dr. Arif Alvi has taken a significant step to protect banking customers and combat online fraud in Pakistan.
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Pakistan Customs Official Awarded Major Penalty for Corruption
Islamabad, August 4, 2023 – In a recent development, an official of Pakistan Customs has been slapped with a major penalty following charges of corruption, misconduct, and inefficiency.
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Pakistan and Iran Aim to Increase Bilateral Trade to $5 Billion in Five Years
Pakistan and Iran on Thursday, August 3, 2023 unveiled a comprehensive five-year trade cooperation plan with the aim of increasing bilateral trade to $5 billion, as the two countries seek to enhance economic ties and collaboration.
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Pakistan’s Weekly Foreign Exchange Reserves Slip to $13.46 Billion
Karachi, August 3, 2023 – Pakistan’s foreign exchange reserves experienced a decline, reaching $13.464 billion by the week ending on July 27, 2023, as reported by the State Bank of Pakistan (SBP) on Thursday.
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Government Extends 35% Increase in Salary to Corporation Employees
Islamabad, August 3, 2023 – In a significant move, the federal government has extended the 35 percent increase in salary, previously announced for all federal government employees in the budget 2023-24, to employees of autonomous and semi-autonomous bodies as well as corporations.
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Pakistan Imposes Up to 70% Tax on Dividend Income for Non-ATL Recipients
Karachi, August 3, 2023 – Pakistan Federal Board of Revenue (FBR) has implemented a new tax regime for the fiscal year 2023-24, which includes significant changes in the tax rates on dividend income.
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FBR Unveils Withholding Tax Rates During 2023-24 for ATL and Non-ATL Importers
Karachi, August 2, 2023 – The Federal Board of Revenue (FBR) has released the withholding tax rates for the import of goods during the tax year 2023-24.
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Domestic Sales of High-Speed Diesel Falls by 9% Due to Smuggling of Iranian Oil
Karachi, August 2, 2023 – Domestic sales of high-speed diesel (HSD) in Pakistan have experienced a sharp decline of 9 percent in July 2023, primarily attributed to the rampant smuggling of Iranian oil into the country, according to analysts at Topline Securities.
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FBR Introduces Tracking and Monitoring of Cargo Rules, 2023 to Enhance Trade Security
Islamabad, August 2, 2023 – In an effort to bolster security and ensure transparency in trade, the Federal Board of Revenue (FBR) of Pakistan has notified the Tracking and Monitoring of Cargo Rules, 2023.
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