Pakistan is contemplating an expansion of the scope of the Capital Value Tax (CVT) to encompass all movable assets, sources said on Wednesday May 17, 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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OICCI recommends demonetization of Rs5,000 banknote to curb cash dealings
The Overseas Investors Chamber of Commerce and Industry (OICCI) has put forth a recommendation to the government, urging the demonetization of the Rs5,000 banknote as a measure to curb cash dealings in the country.
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Net foreign investment in Pakistan plummets by 90% in 10 months of FY23
Pakistan experienced a substantial decline of 90 percent in net foreign investment during the first ten months of the current fiscal year 2022-2023, as indicated by data released by the State Bank of Pakistan (SBP) on Tuesday.
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Pakistan’s current account deficit narrows by 76% in 10MFY23, boosting economic outlook
Pakistan’s current account deficit has witnessed a significant reduction of 76 percent during the first ten months of the current fiscal year 2022-2023, according to the State Bank of Pakistan (SBP).
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Pakistan announces big relief in petroleum prices effective from May 16, 2023
Pakistan on Monday made a significant announcement on Monday regarding the reduction in petroleum prices, aiming to provide relief to the citizens.
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FBR publishes names of 3.67 million active taxpayers for TY2022
ISLAMABAD – The Federal Board of Revenue (FBR) Monday released the names of 3.67 million active taxpayers who have successfully filed their annual returns for the tax year 2022.
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Foreign investors urge Pakistan to abolish withholding tax on telecom services
Foreign investors operating in Pakistan are calling on the country to abolish the withholding tax on telecom services.
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Pakistan directs dealers to reduce car prices after regulatory duty removal
Pakistan has issued a stern warning to car dealers, urging them to reduce the prices of imported vehicles following the removal of regulatory duty.
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Pakistan set to announce petroleum prices for second half of May 2023
Pakistan is eagerly anticipating the announcement of new petroleum prices for the second half of May 2023, scheduled to be made on May 15.
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Rupee may stay stable against dollar after massive bloodbath
After going through very volatile sessions due to political unrest, the Pakistani Rupee (PKR) is likely to stay stable against the dollar during the next week starting May 15, 2023.
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