Karachi, January 6, 2025 – The Federal Board of Revenue (FBR) has outlined specific penalties for individuals found guilty of falsifying sales tax records, as per the provisions of the Sales Tax Act, 1990.
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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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Pakistan, UAE Leaders Align on Shared Progress Goals
Pakistan Prime Minister Shehbaz Sharif held a significant meeting today with His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, at Rahim Yar Khan. The meeting was attended by key officials, including Deputy Prime Minister Muhammad Ishaq Dar, Punjab Chief Minister Ms. Maryam Nawaz, Defense Minister Khawaja Muhammad Asif, Federal Minister for Information and Broadcasting Attaullah Tarar, and Special Assistant to the Prime Minister Syed Tariq Fatemi.
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Sales Tax Deposit Failure to Attract Three-Year Jail
Karachi, January 5, 2025 – The Federal Board of Revenue (FBR) has outlined severe consequences for the failure to deposit sales tax dues, including a potential three-year jail term. According to the Sales Tax Act, 1990, individuals who fail to remit the required sales tax within the prescribed deadlines face strict fines, penalties, and even imprisonment.
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Sindh Unveils Dates for Provincial Budget 2025-26
Karachi, January 4, 2025 – The Sindh government has announced the timeline for presenting the provincial budget for the fiscal year 2025-26. The budget is expected to be presented in the provincial assembly in the first or second week of June 2025, as per the budget calendar released by the government.
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PSX May Continue Record-Breaking Trends Next Week
Karachi, January 4, 2025 – The Pakistan Stock Exchange (PSX) is anticipated to extend its record-breaking performance in the upcoming week starting January 6, 2025, according to analysts at Arif Habib Limited.
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PTCL Alerts Slow Browsing After Internet Disruption
Karachi, January 3, 2025 – Pakistan Telecommunication Company Limited (PTCL) has issued an alert notifying users of potential slow internet browsing due to a disruption in an international submarine cable.
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Pakistan Tightens Pension Rules, Limits Multiple Benefits Draw
Islamabad, January 2, 2025 – Pakistan has introduced sweeping reforms to pension rules, effectively restricting individuals from drawing multiple pensions simultaneously. This move, outlined in a notification issued by the Pakistan Finance Division, is based on the recommendations of the Pay and Pension Commission 2020 and aims to streamline pension disbursements and curb inefficiencies in the system.
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FBR Implements Digital Eye for Tax Monitoring in Sugar Sector
Karachi, January 1, 2025 – The Federal Board of Revenue (FBR) has launched a cutting-edge “digital eye” system for real-time monitoring and video surveillance of production in Pakistan’s sugar sector. This initiative aims to enhance tax compliance and streamline the monitoring process.
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New Year Bang: PSX Reaches All-Time High at 117K Points
Karachi, January 1, 2025 – The Pakistan Stock Exchange (PSX) rang in the New Year with a historic milestone as the benchmark KSE-100 index surged to an all-time high of 117,008 points.
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FBR Active Taxpayer List 2024 Reaches 5.89 Million
Karachi, January 1, 2025 – The Federal Board of Revenue (FBR) issued its updated Active Taxpayers List (ATL) for the tax year 2024, showcasing an impressive 5.89 million active taxpayers.
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