Karachi, October 19, 2023 – Exporters in Pakistan are up in arms over the sudden suspension of online processing for sales tax refund claims by the Federal Board of Revenue (FBR).
(more…)Author: Shahnawaz Akhter
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PKR Soars Against Dollar, Closing Strong at PKR 278.81
Karachi, October 19, 2023 – The Pakistani Rupee (PKR) demonstrated its strength against the US Dollar, closing at PKR 278.81 in the foreign exchange market on Thursday. This marks a notable gain of PKR 1.48 against the US Dollar from the previous day’s closing rate of PKR 280.29 in the interbank foreign exchange market.
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Pakistan’s Import of Petroleum Products Drops by 36.55% During First Quarter
Karachi, October 18, 2023: Pakistan’s import of petroleum products dropped by 36.55 percent during the first quarter (July-September) of fiscal year 2023-24.
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Pakistan Textile Exports Decline 10% in 1QFY24
Karachi, October 18, 2023: Pakistan has reported a 10 percent decline in textile exports during the first quarter (July-September) of fiscal year 2023-24.
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FBR Facilitates Submission of Sales Tax Refund Claims of Multi Tax Periods
Islamabad, October 18, 2023 – The Federal Board of Revenue (FBR) has taken a significant step to ease the process of claiming sales tax refunds for multiple tax periods.
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Pakistan Achieves Record High with 4.88 Million Active Taxpayers
Islamabad, October 17, 2023 – Pakistan has reached a historic milestone with a total of 4.88 million active taxpayers now featured on the updated list of income tax return filers released by the Federal Board of Revenue (FBR).
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Bank Deposits Soar to New Record High at Rs 26.32 Trillion
Karachi, October 16, 2023 – Official data released on Monday has revealed that bank deposits in Pakistan have achieved an unprecedented milestone, reaching a new record high of Rs 26.32 trillion by the end of September 2023.
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Industry Faces Looming Challenges of Survival and Sustainability, Says Tahir Javaid
Lahore, October 16, 2023 – Malik Tahir Javaid, President of the Employers’ Federation of Pakistan (EFP), has sounded a warning about the pressing economic crises that are taking a severe toll on Pakistan’s industry.
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Banking Mohtasib Provides Rs 972 Million in Monetary Relief to Customers in 9MCY23
Karachi, October 16, 2023 – The Banking Mohtasib Pakistan has delivered a significant financial relief of Rs 972.33 million to banking customers during the initial nine months of 2023, demonstrating its commitment to safeguarding the rights and interests of the banking community.
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KCCI Calls for Drastic Reduction in Electricity Tariffs, Similar to Petroleum Prices
Karachi, October 16, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) is urging the government to implement a significant reduction in electricity tariffs similar to the steps taken in reducing petroleum prices.
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