Pakistan faces a concerning economic setback as official data from the State Bank of Pakistan (SBP) reveals a significant decline of $78 million in the country’s weekly foreign exchange reserves.
(more…)Author: Shahnawaz Akhter
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KCCI Strongly Condemns Astronomical Surge in Petroleum Prices
Karachi, February 1, 2024 – In an unequivocal stance against the recent surge in petroleum prices orchestrated by the caretaker government, the Karachi Chamber of Commerce and Industry (KCCI) has voiced its resolute rejection.
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APCAA Rejects Shipping Association’s Embezzlement Allegations
Karachi, February 1, 2024 – The All Pakistan Customs Agents Association (APCAA) came out strongly on Thursday, condemning the All Pakistan Shipping Association for leveling groundless charges of embezzlement against customs agents.
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SRB Achieves Impressive 34% Collection Growth in 7MFY24
Karachi, February 1, 2024 – The Sindh Revenue Board (SRB) has reported a remarkable 34 percent growth in the collection of sales tax on services during the initial seven months (July – January) of the fiscal year 2023-24.
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FBR Reshuffles 45 Customs Officers Ahead of General Elections
Karachi, February 1, 2024 – In a significant move, the Federal Board of Revenue (FBR) has executed a major reshuffle by notifying the transfers and postings of 45 customs officers in the ranks of BS-18 to BS-21.
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Pakistan Collects Rs 16 Billion in Motor Vehicle Tax in 1HFY24
Karachi, February 1, 2024 – Pakistan’s motor vehicle tax collections have reached a noteworthy Rs 16 billion during the first half (July – December) of the fiscal year 2023-24, as revealed by official data released by the federal finance ministry.
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Pakistan Raises Petroleum Prices Ahead of Feb 8 Elections
Islamabad, January 31, 2024 – In a move that could have political repercussions, Pakistan has announced an increase in petroleum prices just days before the general elections scheduled for February 8, 2024.
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Bank Al Habib Achieves 116% Surge in Net Profit for 2023
Karachi, January 31, 2024 – In a remarkable financial achievement, Bank Al Habib Limited announced an impressive growth of 116 percent in its profit after tax for the year 2023.
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Renowned Restaurant Sealed by SRB Over Unpaid Sales Tax
Karachi, January 31, 2024 – In a stern move against non-compliant taxpayers, the Sindh Revenue Board (SRB) sealed the premises of the renowned Voco Café & Restaurant located at Block-4, Clifton, Karachi on Wednesday.
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KCAA Refutes Allegations, Calls for Regulatory Intervention
Karachi, January 31, 2024 – The Karachi Customs Agents Association (KCAA) has vehemently denied the recent allegations made by Asim Siddiqui, Chairman of the All Pakistan Shipping Association (APSA).
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