ISLAMABAD: Federal Board of Revenue (FBR) has said that income tax collection from new car registration surged by 67 per cent in fiscal year 2021-2022.
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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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FBR withdraws tax audit notices sent more than once in four years
KARACHI: Federal Board of Revenue (FBR) has withdrawn tax audit notices to taxpayers, who were selected for audit once in last four years.
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FBR records 45pc growth in payment with income tax returns
ISLAMABAD: Federal Board of Revenue (FBR) has recorded a 45 per cent growth in payment with income tax returns during fiscal year 2021-2022.
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Thousands of fake transactions discovered in taxpayer profile; FTO orders probe
ISLAMABAD: A taxpayer has discovered thousands of fake transactions in his profile. The taxpayer moved to the Federal Tax Ombudsman (FTO) for relief after disappointment from the tax authorities.
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Pakistan assures secure, friendly environment for Chinese investors
ISLAMABAD: Pakistan on Thursday assured a completely secure and conducive business environment for Chinese investors.
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Pakistan’s total forex reserves further deplete to $11.42 billion
KARACHI: Pakistan’s total foreign exchange reserves continued to deplete and recorded another fall of $284 million to reach at $11.42 billion by week ended December 30, 2022, State Bank of Pakistan (SBP) said on Thursday.
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Pakistan’s revenue collection failure: Tax-to-GDP ratio remains single digit in 22 years
ISLAMABAD: Pakistan has failed to achieve a double digit tax-to-GDP ratio during past 22 years despite phenomenal growth in revenue collection over the years.
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Dollar jump to PKR 227.12 in interbank amid rising foreign payment
KARACHI: US dollar has recorded an increase of 17 paisas against the Pakistani Rupee (PKR) on Thursday to end at PKR 227.12 in the interbank foreign exchange market.
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Duty free imports on annual basis jump by 62.5pc: FBR
ISLAMABAD: Duty free imports have jumped by 62.5 per cent on an annual basis, much higher growth comparing dutiable imports, Federal Board of Revenue (FBR) said in a report released recently.
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Pakistan’s exports decline by 5.8pc in 1HFY23
ISLAMABAD: Pakistan’s exports have declined by 5.8 per cent in the first half (July – December) of fiscal year 2022-2023, according to official trade data released on Tuesday.
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