Karachi, July 2, 2023: FBR, the Federal Board of Revenue, has implemented new advance tax rates on car registration effective from July 1, 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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Progressive Rates of Super Tax with Increased Threshold Implemented from July 2023
Karachi, July 2, 2023: The Finance Act, 2023 has introduced progressive rates of Super Tax with an enhanced threshold, bringing changes to the existing super tax rates previously enacted for the tax year 2022. These new rates will apply from the tax year 2023 and onwards.
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Pakistan Signs Letter of Intent for $3 Billion IMF Loan
Islamabad: In a significant development, Pakistan signed a Letter of Intent (LOI) on Saturday, signaling its intention to obtain a nine-month, $3 billion loan program from the International Monetary Fund (IMF).
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Pakistan Sacrifices Public Sentiments this Eid; Raises Levy on Petrol to Rs55
Karachi, July 1, 2023: In a move that has disappointed the public during Eid ul Azha, the Pakistan government has decided to increase the levy on petrol to Rs55, instead of providing relief on petroleum prices. The decision, announced by Finance Minister Ishaq Dar, came into effect on July 1, 2023.
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Pakistan Increases High-Speed Diesel Price by Rs7.5 per Liter, Keeps Petrol Unchanged
Islamabad, June 30, 2023: Pakistan has announced an increase in the price of High-Speed Diesel (HSD) by Rs7.5 per liter for the next 15 days, while keeping the price of petrol unchanged.
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Pakistan Clinches $3 Billion IMF Bailout Package
Islamabad, June 30, 2023: Pakistan has secured a crucial $3 billion bailout package from the International Monetary Fund (IMF) as the country grapples with economic challenges and external shocks.
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Pakistan Set to Surprise with Announcement of Petroleum Prices for Next 15 Days
Islamabad, June 29, 2023: Pakistan is preparing to make a surprise announcement regarding petroleum prices for the next 15 days, effective from July 1, 2023. The country follows a bi-weekly schedule for announcing price adjustments.
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PkRevenue.com Extends Warm Wishes for Eid ul Azha Celebrations
Islamabad: PkRevenue.com, a leading online platform dedicated to providing insights on revenue matters in Pakistan, extends heartfelt greetings to its readers worldwide on the auspicious occasion of Eid ul Azha. The team at Pakistan Revenue wishes everyone a joyous and blessed Eid ul Azha Mubarak.
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Pakistan Scraps Proposal to Grant Immunity to Foreign Remittances
Karachi, June 28, 2023: Following strong criticism from stakeholders, Pakistan has decided to withdraw its proposal to grant immunity to the inflow of foreign remittances.
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Threshold of Cash Salary Payment Increased to Rs32,000
Karachi, June 28, 2023: The Finance Act, 2023 has introduced a significant amendment to increase the threshold of cash salary payment to Rs32,000.
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