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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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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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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KTBA flays notices to taxpayers already audited
Karachi Tax Bar Association (KTBA) has flayed the issuance of audit notices by tax offices to taxpayers, who already selected once for audit in past four years.
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Rupee plunges by 27pc to dollar in year 2022
KARACHI: Pakistani Rupee (PKR) plunged by 27 per cent or PKR 48.26 to the dollar during the year 2022.
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FBR notifies rules for subscribing Pakistan Single Window system
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified rules for subscribing Pakistan Single Window (PSW) system for conducting cross-border trade.
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Pakistan’s official forex reserves fall to alarming level of $5.82 billion
KARACHI: Pakistan’s official foreign exchange reserves have fallen to an alarming level of $5.82 billion by week ended December 23, 2023, according to data released on Thursday.
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SBP raises markup rate for export financing to 13pc
KARACHI: State Bank of Pakistan (SBP) on Thursday enhanced export financing markup rate by 200 basis points to 13 per cent.
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Dollar rises to PKR 226.41 as demand jumps for import, corporate payments
KARACHI: The US dollar rose to Pakistani Rupee (PKR) 226.41 on Thursday as demand jumped for import and corporate payments.
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