ISLAMABAD: Supreme Court of Pakistan (SCP) on Monday ordered the taxpayers to pay half of the super tax within seven days, according to a Tweet by the Federal Board of Revenue (FBRP).
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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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Rupee rebounds against dollar to end at PKR 275.30
KARACHI: Pakistani Rupee (PKR) on Monday rebounded against the dollar and recovered PKR 1.28 to end at PKR 275.30.
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FTO directs fair treatment of salary taxation for temporary employees
Federal Tax Ombudsman (FTO) has issued instructions regarding salary taxation for temporary / adhoc employees and directed employers and tax authorities to deduct tax of such employees under Section 149 of Income Tax Ordinance, 2001.
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Discontinuation of Rs5000 banknote suggested to formalize Pakistan economy
Pakistan Business Council (PBC) in a report suggested discontinuation of the highest denomination banknote of Rs5000 in order to formalize the country’s economy.
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Significant jump in petroleum prices in the offing with expected sales tax imposition
ISLAMABAD: A significant increase in petroleum prices in the offing as the government may impose sales tax at 17 per cent on the petroleum products.
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Rupee plummets to historic low of PKR 276.58 to dollar at interbank closing
KARACHI: Pakistani Rupee (PKR) plummeted to the dollar on Friday to make historic low at PKR 276.58 at closing of interbank foreign exchange market.
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Russian oil starts arriving Pakistan by April 2023
ISLAMABAD: Russian oil will start arriving Pakistan by April 2023, according to a state minister, who informed the Senate on Friday.
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Pass Track launched for currency declaration at Pakistani airports
ISLAMABAD: Pakistan Customs has launched a mobile application namely ‘Pass Track’ for online currency declaration for incoming and outgoing foreign passengers from / to the country.
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SBP’s foreign exchange reserves drop to dangerous level of $3.09 billion
KARACHI: The foreign exchange reserves of State Bank of Pakistan (SBP) dropped to dangerous level of $3.089 billion, according to official data released on Thursday.
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Pakistan trade deficit narrows by 32pc in 7MFY23
KARACHI: Trade deficit of Pakistan narrowed by 32 per cent during first seven months of the current fiscal year 7MFY23, according to official data released on Thursday.
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