Islamabad, June 24, 2023: The Federal Board of Revenue (FBR) in Pakistan has announced that the field offices of Inland Revenue will maintain normal working hours during the upcoming Eid holidays.
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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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SBP Issues Special Instructions to Banks for Duty and Tax Collection
Karachi, June 24, 2023: The State Bank of Pakistan (SBP) has issued special instructions to banks in order to facilitate taxpayers during the upcoming holidays and ensure the smooth collection of duty and taxes.
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FBR Intelligence Uncovers Massive Sales Tax Evasion by Battery Manufacturers
Karachi, June 24, 2023: The intelligence and investigation office of the Federal Board of Revenue (FBR) has uncovered a significant case of sales tax evasion by battery manufacturers.
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Pakistan Withdraws Ban on Import Payments
Karachi, June 23, 2023 – In a significant move aimed at bolstering its economy, Pakistan has officially withdrawn the ban on payments for the import of goods.
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IR Intelligence Launches Extensive Crackdown Against Fashion Designers for Tax Evasion
Karachi, June 23, 2023 – The Directorate of Intelligence and Investigation (Inland Revenue) – I&I IR, Karachi has intensified its efforts to combat the issuance of fake and flying sales tax invoices by the fashion designers.
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PM Sharif Reaffirms Commitment to IMF Program for Pakistan’s Economic Stability
Karachi, June 22, 2023: Prime Minister Shehbaz Sharif reaffirmed the Pakistani government’s full commitment to the ongoing Extended Fund Facility (EFF) program of the International Monetary Fund (IMF).
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Pakistan’s Foreign Exchange Reserves Plunge by $514 Million, Raising Concerns
Karachi, June 22, 2023 – Pakistan’s foreign exchange reserves have experienced a significant decline, dropping by $514 million over the past week, according to the State Bank of Pakistan (SBP).
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Ishaq Dar Assures FPCCI of Resolving Anomalies in Budget 2023-24
Karachi, June 22, 2023 – Finance Minister Ishaq Dar has assured the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex trade body of Pakistan, that anomalies in the budget for the fiscal year 2023-24 will be addressed, according to a statement released on Thursday.
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Abu Dhabi Ports Takes Administrative Control of PICT, Boosting Maritime Operations
Karachi, Pakistan – Abu Dhabi Ports, a leading global port operator and subsidiary of the Abu Dhabi Ports Group, has officially signed an agreement with the Karachi Port Trust to obtain administrative control of the Pakistan International Containers Terminal (PICT) located at Karachi Port Terminals.
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SBP Issues Warning Against Unauthorized Digital Lending Mobile Apps
Karachi, June 22, 2023 – The State Bank of Pakistan (SBP) has recently raised concerns regarding the usage of unlicensed and unauthorized digital lending mobile applications and platforms that are utilizing banking channels for loan disbursement, collection, and creditworthiness checks by integrating with customers’ bank accounts.
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