ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) on Tuesday allowed release of Rs10 billion as subsidy and government bank guarantee up to Rs50 billion for Liquefied Natural Gas (LNG).
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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 directives to shopping malls for collecting advance tax on electricity unlawful: KTBA
Karachi Tax Bar Association (KTBA) on Tuesday termed the action of the tax authorities asking shopping malls to collect advance tax on electricity as unlawful.
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PKR falls sharply against dollar to welcome New Year
KARACHI: Pakistani Rupee (PKR) fell sharply on Tuesday against the US dollar to welcome New Year.
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Pakistan oil sales drop 14pc in Dec 2022 due to economic slowdown
KARACHI: Pakistan domestic oil sales have dropped by 14 per cent in Month on Month (MoM) in December 2022 due to overall slowdown in the economy.
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Late filers may not get active taxpayers status even after making compliance
ISLAMABAD: Taxpayers filing annual tax returns after due date may not get status of active taxpayers until payment of surcharge to the Federal Board of Revenue (FBR).
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Pakistan instructs surveillance of travelers to prevent coronavirus
ISLAMABAD: Pakistan on Monday issued instructions to authorities for surveillance of travelers in order to prevent novel coronavirus.
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Pakistan headline inflation increases by 24.5pc in December 2022
ISLAMABAD: The headline inflation of Pakistan based on Consumer Price Index (CPI) increased by 24.5 per cent Year on Year (YoY) in December 2022 as compared to an increase of 23.8 per cent
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Taxpayers can file annual returns after due date to avoid harsh action
Taxpayers still can file annual tax return for tax year 2022 after expiry of last date in order to avoid harsh action, including imprisonment, for violating the tax laws, officials at Federal Board of Revenue (FBR) said.
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FBR achieves only 77pc of December tax target, blames import compression
ISLAMABAD: Federal Board of Revenue (FBR) has achieved only 77 per cent of assigned tax collection target for the month of December 2022, according to an official statement issued on Saturday.
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Pakistan maintains petroleum prices for first fortnight of 2023
ISLAMABAD: Pakistan on Saturday maintained the prices of petroleum products at the previous level for the first fortnight (January 1-15, 2023).
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