Karachi, December 27, 2023 – Financial analysts at Topline Securities Limited have characterized 2023 as a somber year for the Pakistani Rupee (PKR), which experienced a significant 20 percent depreciation against the US dollar.
(more…)Author: Shahnawaz Akhter
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SBP Issues Instructions to Banks for ITM Export Facilitation
Karachi, December 27, 2023 – The State Bank of Pakistan (SBP) has issued crucial instructions to banks regarding International Toll Manufacturing (ITM) under the Export Facilitation Scheme (EFS).
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Pakistan Stock Market Witnesses Robust Recovery of 1,693 Points
Karachi, December 27, 2023 – The Pakistan stock market staged an impressive rebound on Wednesday, experiencing a sharp recovery of 1,693 points.
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Salt Manufacturers Urge Government Support Amid Red Sea Crisis
Karachi, December 27, 2023 – The Salt Manufacturers Association of Pakistan (SMAP) issued a plea for government intervention on Wednesday, seeking support to address rising freight charges amidst the ongoing Red Sea crisis.
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FBR Opens Tax Collection Window on Last 2023 Weekly Holidays
Karachi, December 27, 2023 – The Federal Board of Revenue (FBR) announced on Wednesday the opening of tax offices across the country on the last two weekly holidays of the year.
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Pakistan Releases Prohibited Items List for Foreign Trade in 2024
Karachi, December 27, 2023: The Federal Board of Revenue (FBR), Pakistan’s apex tax collection agency, has unveiled a list of prohibited items for foreign trade during the tax year 2024.
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FBR Unveils Method for Extra Tax Collection on Electricity and Gas
Karachi, December 27, 2023: The Federal Board of Revenue (FBR) has unveiled a detailed procedure for the collection of extra sales tax on electricity and natural gas from industrial and commercial connections.
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Freight Rates Skyrocket Amid Red Sea Crisis: UNISAME
Karachi, December 26, 2023: The Union of Small and Medium Enterprises (UNISAME) has raised an alarm over a significant increase in freight rates triggered by the ongoing crisis in the Red Sea and Suez Canal.
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Property Transfer Statements Made Mandatory in Pakistan
Karachi, December 26, 2023 – The Federal Board of Revenue (FBR), apex tax agency of Pakistan, has made it mandatory for individuals involved in attesting or registering immovable property to furnish a monthly property transfer statement.
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FBR Grants Tax-Free Petroleum Product Sharing to OMCs
Karachi, December 26, 2023 – The Federal Board of Revenue (FBR) has granted permission for tax-free sharing of petroleum products among Oil Marketing Companies (OMCs).
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