Pakistan Revenue
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on November 17, 2022: Buying: Rs 64.20 to the UAE Dirham Selling: Rs 64.80 to the UAE Dirham The buying rate means an exchange company or a bank buys foreign currency from a […]
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ISLAMABAD: State Bank of Pakistan (SBP) on Wednesday said it has finalized to take action against banks involved in overcharging on opening of Letters of Credit (LCs). The National Assembly Standing Committee on Finance and Revenue was informed here on Wednesday that the actions against eight banks involved in overcharging on opening of LC would […]
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KARACHI: Federal Board of Revenue (FBR) on Wednesday notified draft rules to amend Baggage Rules for lowering cash limit for outbound passengers. The FBR issued SRO 2043(I)/2022 to make amendments in the Baggage Rules, 2006. The cash limit has been lowered to $5,000 per person per visit from $10,000. READ MORE: SBP limits cash up […]
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ISLAMABAD: The government of Pakistan on Tuesday decided to keep the petroleum prices unchanged for next fortnight starting from November 16, 2022. It was third straight announcement to keep the prices of petroleum products unchanged. Previously, on September 30, 2022 following changes in petroleum prices were announced: The rate of petrol has been reduced by […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday halted the issuance of prizes through computerized balloting of invoices issued by point of sale (POS) of Tier-1 retailers. The FBR suspended the draw that was to be held on November 15, 2022. The prize scheme was continuously held since its first draw on January 15, 2022. […]
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The prices of petroleum products in Pakistan will go up with the imposition of sales tax, which presently at zero per cent. Analysts AKD Research Tuesday stated that with the IMF consistently conveying concerns over possible shortfall on account of petroleum development levy (PDL), the government is looking towards a contingency plan by taking up […]
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ISLAMABAD: Pakistan is organizing first international housing expo to be held in Islamabad next month. The housing expo will be jointly organized by the federal ministry of housing and works and Islamabad Chamber of Commerce and Industry from December 08 to 12 this year. Prime Minister Shehbaz Sharif will inaugurate the event as Chief Guest. […]
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Direct tax collection registered an increase of 41 per cent during first four months (July – October) 2022-2023, Federal Board of Revenue (FBR) said on Saturday. The FBR strongly rebutted the news report regarding income tax collection. It clarified that the present policy of FBR and the Federal government is also based on direct tax […]
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Lahore: President Dr. Arif Alvi emphasized the imperative for Pakistan to bolster its tax collection mechanisms and elevate the tax-to-GDP ratio as a strategic approach to address persistent financial challenges.
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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has said that total company registration has increased to 180,996 by end of October 2022. According to a statement the SECP registered 2,361 new companies in October 2022. “This shows an increase of 17 per cent as compared to corresponding period last month. The total number of […]
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