Islamabad, June 29, 2023: Pakistan is preparing to make a surprise announcement regarding petroleum prices for the next 15 days, effective from July 1, 2023. The country follows a bi-weekly schedule for announcing price adjustments.
(more…)Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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PkRevenue.com Extends Warm Wishes for Eid ul Azha Celebrations
Islamabad: PkRevenue.com, a leading online platform dedicated to providing insights on revenue matters in Pakistan, extends heartfelt greetings to its readers worldwide on the auspicious occasion of Eid ul Azha. The team at Pakistan Revenue wishes everyone a joyous and blessed Eid ul Azha Mubarak.
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Pakistan Scraps Proposal to Grant Immunity to Foreign Remittances
Karachi, June 28, 2023: Following strong criticism from stakeholders, Pakistan has decided to withdraw its proposal to grant immunity to the inflow of foreign remittances.
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Threshold of Cash Salary Payment Increased to Rs32,000
Karachi, June 28, 2023: The Finance Act, 2023 has introduced a significant amendment to increase the threshold of cash salary payment to Rs32,000.
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Pakistan Rupee Records Highest Ever Annual Fall Against US Dollar in FY23
Karachi, June 28, 2023: The Pakistan Rupee (PKR) has experienced its highest-ever annual fall against the US dollar during the fiscal year 2022-23, with a depreciation of 28 percent, according to analysts at Arif Habib Limited.
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ECC Approves Policy for Petroleum Import through Customs Bonded Storage Facilities
Islamabad: In a meeting chaired by Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar, the Economic Coordination Committee (ECC) of the Cabinet approved policy guidelines for the import of foreign supplier’s account through customs bonded storage facilities.
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Active Taxpayers Exempted from Deemed Income Tax
Islamabad, June 27, 2023: The government has announced that active taxpayers will no longer be required to pay tax on deemed income, according to the Finance Act, 2023.
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Additional Tax on Windfall Income Becomes Act of Parliament
Islamabad, June 27, 2023 – The national assembly has passed the budget proposals, making the additional tax on windfall income a law, according to experts.
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Pakistan Set to Announce Petroleum Prices for First Half of July 2023
Islamabad, June 27, 2023: The Pakistani government is gearing up to announce the petroleum prices for the first half of July 2023 on June 30.
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SBP Surprises with 100 Basis Point Increase in Benchmark Policy Rate to 22%
Karachi, June 26, 2023 – In an unexpected move on Monday, the State Bank of Pakistan (SBP) raised the benchmark key policy rate by 100 basis points to 22 percent.
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