Karachi, February 27, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly criticized the Karachi Gateway Terminal Limited (KGTL) for implementing a three-fold increase in terminal charges, raising concerns within the business community.
(more…)Author: Shahnawaz Akhter
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Bank Deposits Reach Rs 27.54 Trillion, Marking 21% YoY Growth
Karachi, February 26, 2024 – The State Bank of Pakistan (SBP) reported a significant surge in bank deposits, reaching a staggering Rs 27.54 trillion by the end of January 2024, marking a substantial 21% year-on-year growth.
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Pakistan Achieves Record High with 5.73 Million Active Taxpayers
Karachi, February 26, 2024 – Pakistan has set a historic record with 5.73 million active taxpayers, according to official data released by the Federal Board of Revenue (FBR) on Monday.
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Habib Bank Launches HBL Zarai Services for Agri Development
Burewala, February 26, 2024 –Habib Bank Limited (HBL) unveiled its latest venture, HBL Zarai Services, in Burewala on Monday for advancing agricultural development and bolstering food security in Pakistan,
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UAE Conglomerate Expresses Interest in Acquiring TME Shares
Karachi, February 26, 2024 – TPL Trakker Limited, a prominent player in location-based services and fleet management, has disclosed that a UAE-based conglomerate is keen on acquiring a substantial equity stake in Trakker Middle East (TME), an associated company of TPL Trakker Limited.
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PSO Clarifies Greenfield Refinery Project Amidst Reports
Karachi, February 26, 2024 – Pakistan State Oil (PSO) addressed recent reports concerning the establishment of the Greenfield Refinery Project on Monday, seeking to provide clarity on the situation.
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UBL Hopes Positive Outcome in Rs 4.09 Billion SBP Penalty Case
Karachi, February 26, 2024 – United Bank Limited (UBL) is optimistic about a favorable outcome regarding the penalty of Rs 4.09 billion imposed by the State Bank of Pakistan (SBP), as disclosed in its annual financial statement for the calendar year 2023.
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Pakistan Banks Enjoy 83% Profit Growth Amid High Interest Rates
Karachi, February 25, 2024 – The banking sector in Pakistan has witnessed a remarkable surge, with financial institutions reporting an impressive 83% growth in profit after tax for the calendar year 2023, thanks to the record high interest rates prevailing in the country.
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Consequences of Not Filing Income Tax Returns in Pakistan
In Pakistan, the failure to file an income tax return for a specific tax year triggers a series of actions by the Federal Board of Revenue (FBR).
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Pakistan Customs Deploys Pre-Arrival Clearance Module
Karachi, February 24, 2024 – In a move aimed at fostering efficiency and enhancing trade facilitation, Pakistan Customs has successfully deployed the Pre-Arrival Clearance module in the Web-Based One Customs (WeBOC) and Pakistan Single Window (PSW) systems.
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