Islamabad, October 25, 2024 – The Federal Board of Revenue (FBR) has revised the transshipment rules for Iranian transport operators involved in the movement of goods across Pakistan’s borders. The new rules are part of the efforts to strengthen regulatory frameworks governing international trade and transportation, especially under the Bilateral Road Transportation of Goods agreement between Pakistan and Iran.
(more…)Category: Top stories
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.
-
KSE-100 Index Hits New All-Time High, Closes Near 89,000 Points
Karachi, October 24, 2024 – The Pakistan Stock Exchange (PSX) witnessed a historic milestone on Thursday as the KSE-100 index surged to an unprecedented high, closing just shy of the 89,000 mark.
(more…) -
PM Shehbaz Directs FBR to Create Taxpayer-Friendly Environment
Islamabad, October 24, 2024 – Prime Minister Shehbaz Sharif on Thursday instructed the Federal Board of Revenue (FBR) to foster a more taxpayer-friendly atmosphere in a bid to build trust and enhance tax compliance. The prime minister made these remarks while chairing a review meeting focused on FBR reforms, according to a press release from the PM Office.
(more…) -
Bank Deposits in Pakistan Soar to Record High of Rs 31.34 Trillion
By the end of September 2024, bank deposits in Pakistan surged to a historic Rs 31.342 trillion, reflecting a remarkable year-on-year increase of 19.1%, according to data released by the State Bank of Pakistan (SBP). This milestone marks a significant step in the nation’s banking landscape, showcasing robust growth despite the challenges posed by fluctuating interest rates.
(more…) -
Aurangzeb Urges IMF Prioritize Social Safety, Climate Resilience
Islamabad – In a pivotal address on Wednesday, Federal Minister for Finance Muhammad Aurangzeb underscored the urgent need for the International Monetary Fund (IMF) to integrate social protection mechanisms into its lending frameworks, particularly for economically vulnerable nations.
(more…) -
KSE-100 Index Soars to All-Time High of 87,195 in Bullish Trading
Karachi, October 23, 2024 – The Pakistan Stock Exchange (PSX) witnessed an exhilarating surge as the benchmark KSE-100 index reached an all-time high of 87,195 points, marking a significant milestone in the nation’s financial landscape.
(more…) -
Gold Hits Rs 285,400 per Tola in Pakistan Amid Unstoppable Rally
Karachi, October 23, 2024 – Gold prices in Pakistan soared to an unprecedented Rs 285,400 per tola on Wednesday, marking another all-time high in the precious metal’s ongoing rally. This remarkable increase of Rs 2,000 from the previous day’s close of Rs 283,400 per tola underscores the relentless upward momentum seen over the past seven sessions in local markets.
(more…) -
FBR Targets High Net Worth Non-Filers in Intensified Tax Audit for 2023
Karachi, October 23, 2024 – The Federal Board of Revenue (FBR) has launched a rigorous crackdown on high net worth individuals who have failed to file their income tax returns for the tax year 2023.
(more…) -
UBL Posts Record Quarterly Earnings of Rs 18.3 Billion in 3Q2024
Karachi, October 23, 2024 – United Bank Limited (UBL) has announced its highest-ever quarterly earnings, reporting a remarkable profit of Rs18.3 billion for the third quarter of 2024 (3Q2024), translating to an earnings per share (EPS) of Rs14.96. This represents a 24% year-on-year (YoY) and quarter-on-quarter (QoQ) increase, aligning with market expectations.
(more…) -
Gold Prices in Pakistan Rally for 6th Day, Reaching Rs 283,400
Karachi, October 22, 2024 – Gold prices in Pakistan reached a historic peak on Tuesday, continuing their upward trend as they soared to a record-breaking Rs 283,400 per tola. This surge marks an increase of Rs 1,100 from the previous day’s closing price of Rs 282,300, reflecting the unrelenting rise of gold in the local market over the past six sessions.
(more…)