Pakistan Revenue
In a concerning development for Pakistan’s financial landscape, data released by the State Bank of Pakistan (SBP) reveals a notable 4.8 percent decline in registered prize bond investments by the end of February 2024 compared to the same period the previous year.
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Pakistan has increased the profit rates on various saving scheme after massive raise in benchmark interest rate by the central bank.
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ISLAMABAD: The President of Pakistan Dr. Arif Alvi, while rejecting the retrospective effect of government decision, has directed the authorities to pay profit rate on saving certificates on prevailing rates. While accepting a representation of an aggrieved citizen against a decision of the Wafaqi Mohtasib, President Dr Arif Alvi has directed the Central Directorate of […]
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KARACHI: Pakistan has not extended the date for exchanging bearer prize bonds that were expired on June 30, 2022. A number of persons have reached PkRevenue.com regarding extension for exchanging bearer prize bonds. However, there is no information from the finance ministry of the State Bank of Pakistan (SBP) regarding date extension. READ MORE: Pakistan-issued […]
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KARACHI: The prize bonds of various denominations issued by the government of Pakistan are expiring on June 30, 2022. So far no decision came from the finance ministry to extend the last date for exchanging bearer prize bonds. The federal government has already extended the last date for converting or exchanging the bearer prize bonds […]
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KARACHI: State Bank of Pakistan (SBP) on Sunday announced successful integration of Central Directorate of National Savings (CDNS) with Raast payment system. “Now customers of CDNS can receive their payments directly into their bank accounts without going to branches,” the SBP said. READ MORE: SBP launches free P2P money transfer under Raast Through this integration […]
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Central Directorate of National Savings (CDNS) has held Fourth draw of Rs25,000 denomination prize bonds (premium or registered) and announced Rs30 million as first prize to the bond number (016253) and (067408). The prize bond draw was held at Quetta on December 10, 2021. Five bonds i.e. (038203), (171265), (551833), (655804) and (916353) have been awarded Rs10 million each […]
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Central Directorate of National Savings (CDNS) has held 19th draw of Rs40,000 denomination prize bonds (premium or registered) and announced Rs80 million as first prize to the bond number (953829). The prize bond draw was held at Lahore on December 10, 2021. Three bonds i.e. (366951), (599135) and (629631) have been awarded Rs30 million each […]
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ISLAMABAD: The government has announce sharp increase in profit rates for national saving scheme following the significant rise in key policy rate announced last month by the State Bank of Pakistan (SBP). The Central Directorate of National Savings (CDNS) on Thursday notified increase in profit rates of saving schemes. The CDNS increased the profit rate […]
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A significant alteration to the income tax rate on profits from national saving schemes has been introduced through the Finance Act, 2021. As of July 01, 2021, individuals not listed on the Active Taxpayers List (ATL) are now subject to a 30% withholding income tax rate on profits earned from saving schemes.
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