Islamabad, June 8, 2023: According to Finance Minister Ishaq Dar, Pakistan’s Gross Domestic Product (GDP) achieved a meager growth of only 0.29 percent during the fiscal year 2022-2023. This announcement was made during the unveiling of the Pakistan Economic Survey 2022-23 at a press conference.
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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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Massive Tax Evasion Unveiled: Rs956 Billion Lost in Five Key Sectors of Pakistan
Islamabad, June 7, 2023: An international research body, Ipsos, has uncovered a staggering amount of Rs956 billion annual in tax evasion within five key sectors of Pakistan. The report shed light on tax evasion occurring in the real estate, tea, cigarette, tires and oil lubricants, and pharmaceutical industries.
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Pakistani Rupee Extends Losses for Fourth Consecutive Session Against US Dollar
Karachi, June 7, 2023: The Pakistani Rupee (PKR) has experienced a fourth consecutive session of losses against the US dollar, closing at PKR 286.88 in the interbank foreign exchange market on Wednesday.
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Pakistan Budget Preview For Fiscal Year 2023-2024
Karachi, June 7, 2023 – Pakistan is gearing up to announce its crucial budget for the Fiscal Year 2023-2024 on June 9, 2023. This budget holds significant importance as the country faces multiple crises, including devastating floods and a deteriorating external account position, compounded by political challenges.
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SBP Extends Facility Allowing Freelancers to Keep 35% of Export Earnings in FCY Accounts
Karachi, June 7, 2023 – The State Bank of Pakistan (SBP) has announced an extension of the facility that allows freelancers in the Information Technology (IT) sector to retain 35% of their export earnings in their foreign currency (FCY) accounts.
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PM Shehbaz Sharif Directs Mega Incentives for IT Sector in Budget 2023-24
ISLAMABAD: Prime Minister Shehbaz Sharif has issued directives to include substantial incentives for Pakistan’s Information Technology (IT) sector in the fiscal budget for 2023-24, aiming to bolster the country’s IT exports.
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FBR Releases Draft Rules for Real-Time Tracking and Monitoring of Cargo
Islamabad, June 6, 2023: The Federal Board of Revenue (FBR) Tuesday recently released draft rules for the tracking and monitoring of various types of cargo.
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Utility Stores Implements Massive Reduction in Oil and Ghee Prices from June 7
Islamabad, June 6, 2023: In a bid to provide significant relief to consumers ahead of the announcement of the Budget 2023-2024, the Utility Stores Corporation (USC) has announced a massive reduction in the prices of edible oil and ghee, effective from June 7, 2023.
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Rupee Experiences Third Consecutive Loss Against Dollar; Interbank Ends PKR 286.56
Karachi, June 6, 2023: The Pakistani Rupee (PKR) experienced its third consecutive loss against the US dollar on Tuesday, closing at PKR 286.56 in the interbank foreign exchange market.
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FBR to Scrutinize Taxpayers for Nil Payment, Targets Underreporting
The Federal Board of Revenue (FBR) is considering implementing special measures to examine taxpayers who filed their annual returns without making any tax payments.
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