Karachi, June 26, 2023 – Pakistan stocks experienced a significant surge on Monday, gaining 1,372 points as investors anticipated the resumption of the International Monetary Fund (IMF) loan program.
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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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New Tax Rates For Salary Income Applicable from July 01, 2023
Islamabad, June 26, 2023 – The National Assembly of Pakistan has passed the budget for the fiscal year 2023-24, introducing new tax rates for salary income.
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National Assembly Approves Budget 2023-24 with New Recommendations of Heavy Taxes
Islamabad, June 25, 2023: The National Assembly of Pakistan has given its approval to the budget for 2023-24, incorporating new recommendations for imposing significant taxes.
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Pakistan imposes additional tax burden of Rs215 billion to secure IMF loan program
ISLAMABAD: In order to overcome the impasse in securing a loan program from the International Monetary Fund (IMF), Pakistan has imposed an additional tax burden of Rs215 billion on its citizens.
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FBR Offices to Observe Normal Working Hours During Eid Holidays
Islamabad, June 24, 2023: The Federal Board of Revenue (FBR) in Pakistan has announced that the field offices of Inland Revenue will maintain normal working hours during the upcoming Eid holidays.
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SBP Issues Special Instructions to Banks for Duty and Tax Collection
Karachi, June 24, 2023: The State Bank of Pakistan (SBP) has issued special instructions to banks in order to facilitate taxpayers during the upcoming holidays and ensure the smooth collection of duty and taxes.
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FBR Intelligence Uncovers Massive Sales Tax Evasion by Battery Manufacturers
Karachi, June 24, 2023: The intelligence and investigation office of the Federal Board of Revenue (FBR) has uncovered a significant case of sales tax evasion by battery manufacturers.
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Pakistan Withdraws Ban on Import Payments
Karachi, June 23, 2023 – In a significant move aimed at bolstering its economy, Pakistan has officially withdrawn the ban on payments for the import of goods.
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IR Intelligence Launches Extensive Crackdown Against Fashion Designers for Tax Evasion
Karachi, June 23, 2023 – The Directorate of Intelligence and Investigation (Inland Revenue) – I&I IR, Karachi has intensified its efforts to combat the issuance of fake and flying sales tax invoices by the fashion designers.
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PM Sharif Reaffirms Commitment to IMF Program for Pakistan’s Economic Stability
Karachi, June 22, 2023: Prime Minister Shehbaz Sharif reaffirmed the Pakistani government’s full commitment to the ongoing Extended Fund Facility (EFF) program of the International Monetary Fund (IMF).
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