Karachi, October 28, 2024 – Indus Motor Company Limited, the official assembler of Toyota vehicles in Pakistan, has reported a robust 58% increase in net profit for the quarter ending September 2024, fueled by a significant boost in revenue from customer contracts.
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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 Seals Two Restaurants in Islamabad for Issuing Fake Invoices
Islamabad, October 27, 2024 – The Federal Board of Revenue (FBR) has sealed two prominent restaurants in Islamabad’s commercial districts, Blue Area and Super Market, for allegedly issuing counterfeit invoices through their Point of Sale (POS) systems.
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FBR Clarifies Role of DG Customs Intelligence and Investigation
The Federal Board of Revenue (FBR) issued a formal clarification on Sunday, addressing recent media reports that misrepresented the role and achievements of the Directorate General of Intelligence and Investigation (Customs).
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Pakistan Aims to Launch Panda Bond in Chinese Market
Pakistan is exploring new avenues for financing by targeting the Chinese market for its inaugural Panda bond issuance. Finance Minister Muhammad Aurangzeb revealed this intention during a recent meeting with China’s Vice Minister of Finance, Liao Min, on the sidelines of the World Bank Group (WBG) and International Monetary Fund (IMF) annual meetings in Washington.
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FBR Prepares Post-Deadline Crackdown to Enforce Strict Tax Compliance
Karachi, October 27, 2024 – The Federal Board of Revenue (FBR) is set to initiate a sweeping crackdown on individuals who have failed to submit their income and asset declarations by the approaching October 31 deadline.
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Pakistan’s Spinners Lead Historic Test Series Win Over England
In a display of sheer brilliance, Pakistan’s spinners clinched a landmark Test series victory over England, triumphing 2-1 after a dominant nine-wicket win in the final match in Rawalpindi.
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FBR Enacts Amendments to Vehicle Import Rules for Tourists
Karachi, October 25, 2024 – The Federal Board of Revenue (FBR) has announced significant amendments to regulations governing the temporary import of vehicles by tourists, aimed at enhancing compliance and ensuring that imported vehicles are utilized solely for travel purposes.
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FBR Revises Baggage Rules to Seize Commercial Quantity Goods
Karachi, October 25, 2024 – The Federal Board of Revenue (FBR) has proposed amendments to the Baggage Rules, 2006, introducing provisions for the confiscation of goods brought into Pakistan in commercial quantities. The draft amendments, published through SRO 1649(I)/2024, signal FBR’s intent to intensify regulatory scrutiny over items entering the country under personal baggage exemptions.
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KSE-100 Index Hits Historic High, Closes Just Below 90,000
Karachi, October 25, 2024 – The Pakistan Stock Exchange (PSX) saw a bullish surge on Friday as the KSE-100 index soared to an intra-day record of 90,593.61, marking the first time it breached the 90,000 threshold.
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FBR Imposes Major Penalty on Customs Officer in Corruption Case
Karachi, October 25, 2024 – The Federal Board of Revenue (FBR) has imposed a severe disciplinary penalty, removing customs officer Shahid Naseem Joiya from service due to corruption and serious misconduct.
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