he Federal Tax Ombudsman (FTO) has instructed the Federal Board of Revenue (FBR) to revise the property valuation table to reflect real-time market rates, especially for housing schemes in affluent areas. The FTO initiated an investigation on its own motion after Read More...
The Pakistani government plans to borrow over Rs 10 trillion in the second quarter (October-December) of this fiscal year (FY24) by selling securities to meet its financial needs.
The government will borrow this amount through auction Read More...
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Pakistani Rupee Continues to Strengthen Against US Dollar
The Pakistani rupee continued to appreciate against the US dollar on Wednesday, gaining 0.39% in the Read More...
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The Pakistani rupee continued to strengthen against the US dollar on Tuesday, gaining 1.16 rupees (0.41%) to trade at 280.49 rupees in the inter-bank market at 10:20am. This is one of the longest appreciation runs seen by the rupee against Read More...
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Federal Board of Revenue initiated re-negotiations on the Agreement for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance with the Federal Republic of Germany. Read More...
To facilitate the taxpayers/exporters, FBR has issued tax refunds amounting to more than Rs. 30 Billion in October, 2023 as against Rs. 22.5 Billion issued in October, Read More...
In response to the findings and recommendations of the honorable FTO, Islamabad, as detailed in complaint No. 1345/ISB/IT/2023 dated 15.08.2023, the FBR has been directed to reevaluate the process of Read More...
Pakistan is set to implement a progressive taxation policy that focuses on Read More...
The Pakistani rupee continued its impressive rally on the eighteenth consecutive working day, Read More...
Pakistan's trade deficit shrinks 42% in Q1
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