Karachi, June 28, 2023: The Pakistan Rupee (PKR) has experienced its highest-ever annual fall against the US dollar during the fiscal year 2022-23, with a depreciation of 28 percent, according to analysts at Arif Habib Limited.
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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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ECC Approves Policy for Petroleum Import through Customs Bonded Storage Facilities
Islamabad: In a meeting chaired by Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar, the Economic Coordination Committee (ECC) of the Cabinet approved policy guidelines for the import of foreign supplier’s account through customs bonded storage facilities.
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Active Taxpayers Exempted from Deemed Income Tax
Islamabad, June 27, 2023: The government has announced that active taxpayers will no longer be required to pay tax on deemed income, according to the Finance Act, 2023.
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Additional Tax on Windfall Income Becomes Act of Parliament
Islamabad, June 27, 2023 – The national assembly has passed the budget proposals, making the additional tax on windfall income a law, according to experts.
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Pakistan Set to Announce Petroleum Prices for First Half of July 2023
Islamabad, June 27, 2023: The Pakistani government is gearing up to announce the petroleum prices for the first half of July 2023 on June 30.
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SBP Surprises with 100 Basis Point Increase in Benchmark Policy Rate to 22%
Karachi, June 26, 2023 – In an unexpected move on Monday, the State Bank of Pakistan (SBP) raised the benchmark key policy rate by 100 basis points to 22 percent.
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Pakistan Stocks Surge by 1,372 Points in Anticipation of IMF Program Resumption
Karachi, June 26, 2023 – Pakistan stocks experienced a significant surge on Monday, gaining 1,372 points as investors anticipated the resumption of the International Monetary Fund (IMF) loan program.
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New Tax Rates For Salary Income Applicable from July 01, 2023
Islamabad, June 26, 2023 – The National Assembly of Pakistan has passed the budget for the fiscal year 2023-24, introducing new tax rates for salary income.
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National Assembly Approves Budget 2023-24 with New Recommendations of Heavy Taxes
Islamabad, June 25, 2023: The National Assembly of Pakistan has given its approval to the budget for 2023-24, incorporating new recommendations for imposing significant taxes.
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Pakistan imposes additional tax burden of Rs215 billion to secure IMF loan program
ISLAMABAD: In order to overcome the impasse in securing a loan program from the International Monetary Fund (IMF), Pakistan has imposed an additional tax burden of Rs215 billion on its citizens.
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