Karachi, October 2, 2023 – Pakistan’s domestic sales of petroleum products experienced a significant decline, plummeting by 34 percent year on year (YoY) in September 2023, according to a report by the research team at Arif Habib Limited.
Islamabad, October 2, 2023 – Pakistan’s Active Taxpayers List (ATL) has reached a historic milestone, with a record high of 4.78 million taxpayers for the tax year 2022.
Karachi, October 2, 2023 – Pakistan economy official data reveals a staggering 25 percent decline in imports during the first quarter of the fiscal year 2023-24.
Karachi, October 2, 2023 – The Federal Board of Revenue (FBR) has taken decisive action against property builders and developers who failed to meet project completion deadlines set under the amnesty scheme.
Karachi, October 2, 2023 – Pakistan Business Council (PBC) has put forth a comprehensive set of recommendations to the government to alleviate country’s soaring electricity costs and enhance foreign exchange savings.
Karachi, October 2, 2023 – The Pakistani Rupee (PKR) continued its impressive performance against the US dollar, extending its unbeaten streak for the 18th consecutive session.
Karachi, October 2, 2023 – The Federal Board of Revenue (FBR) has granted taxpayers the ability to offset losses against capital gains, providing relief and flexibility in income tax matters. Official sources confirmed this change on Monday, shedding light on the new provisions.
Karachi, October 2, 2023 – Official data released on Monday by the Pakistan Bureau of Statistics (PBS) reveals a sharp increase in headline inflation, which soared to 31.4 percent on a year-on-year basis in September 2023.
Karachi, October 1, 2023 – The Federal Board of Revenue (FBR) has released updated income tax rates for brokerage and commission, which will be applicable for the tax year 2024. These revised rates, effective from July 1, 2023, have been introduced through amendments to the Income Tax Ordinance, 2001.
KARACHI: The Pakistan Rupee (PKR) has stunned global financial markets with an astonishing recovery, solidifying its position as the best-performing currency in the world for the month of September, according to market analysts.