Islamabad, September 26, 2024 – The Federal Board of Revenue (FBR) is preparing to implement strict enforcement actions against non-filers of income tax returns, following the approval of the prime minister.
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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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IMF Board Approves $7 Billion EFF for Pakistan
In a significant economic development, the International Monetary Fund (IMF) Executive Board has approved a $7 billion Extended Fund Facility (EFF) for Pakistan. The Prime Minister’s Office (PMO) announced this on Wednesday, marking a crucial moment for the country’s struggling economy.
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FBR Sends SMS Alerts to Taxpayers, Enforcing Return Filing Obligations
Karachi, September 25, 2024 — The Federal Board of Revenue (FBR) has ramped up its efforts to ensure taxpayer compliance by sending out SMS reminders to registered mobile numbers, urging citizens to submit their annual income tax returns by the September 30, 2024, deadline.
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KSE-100 Index Hits Record High at 82,248 Points
Karachi, September 25, 2024 – The KSE-100 Index of the Pakistan Stock Exchange (PSX) soared to an all-time high of 82,248 points on Wednesday, buoyed by positive investor sentiment surrounding the anticipated approval of a loan package from the International Monetary Fund (IMF).
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Pakistan and Turkiye Agree to Strengthen Economic and Security Cooperation
New York, September 25, 2024 – Prime Minister of Pakistan Shehbaz Sharif and Turkish President Recep Tayyip Erdogan met on Wednesday on the sidelines of the 79th Session of the United Nations General Assembly. During the meeting, the two leaders reaffirmed their commitment to enhancing bilateral relations by strengthening cooperation in the areas of trade, investment, defense, and security.
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Gold Prices in Pakistan Surge to Record Rs 275,500 Mark
Karachi, September 25, 2024 – Gold prices in Pakistan soared to a new record high on Wednesday, with the 24-karat per tola price surging to Rs 275,500. This sharp increase, amounting to Rs 2,500 from the previous day’s record of Rs 273,000, reflects rising trends in the global markets, as the value of gold continues to escalate internationally.
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OGDCL Announces New Gas Discovery in Khairpur District, Sindh
Karachi, September 25, 2024 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant gas discovery in the Sawan South Block at the Akhiro-1 Exploratory Well located in the Khairpur district of Sindh. This new find is expected to bolster Pakistan’s energy sector and contribute to the country’s growing demand for indigenous energy resources.
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FBR Plans Stricter Curbs on Non-Filers in Upcoming Money Bill
ISLAMABAD, September 25, 2024 — The Federal Board of Revenue (FBR) is preparing to introduce stricter curbs on non-filers of tax returns, aiming to prevent them from engaging in various financial and commercial transactions.
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FBR Introduces New Refund System for Exporters from Oct 1
ISLAMABAD: September 26, 2024 — To boost the export industry, the Federal Board of Revenue (FBR) has officially introduced a new, fast-tracked sales tax refund system for exporters, effective from October 1, 2024.
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Aurangzeb Confident of IMF Loan Approval at September 25 Meeting
Islamabad, September 24, 2024 – Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, expressed confidence on Tuesday that the International Monetary Fund (IMF) will approve a 37-month, $7 billion Extended Fund Facility (EFF) for Pakistan during its board meeting on September 25, 2024. His optimism comes as Pakistan seeks much-needed financial assistance to stabilize its economy and ensure sustained reforms.
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