Karachi, October 15, 2023 – The Pakistani Rupee (PKR) is poised to extend its recent gains against the US dollar in the upcoming week starting October 16, 2023.
(more…)Author: Shahnawaz Akhter
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Pakistan Stock Market Poised to Maintain Positive Momentum Next Week
Karachi, October 14, 2023 – Analysts at Arif Habib Limited anticipate that the Pakistan stock market is set to continue its positive momentum in the upcoming week, commencing on October 16, 2023.
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DHA Multan Hopes for Abolishment of Section 7E of Income Tax Ordinance 2001
Karachi, October 13, 2023 – Brigadier Muhammad Shoeb Anwar Kiyani, the Administrator of the Defence Housing Authority (DHA) Multan, expressed his reservations about Section 7E of the Income Tax Ordinance 2001, calling it an unwise decision.
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Dollar Weakens for 27th Straight Session in Pakistan to End at PKR 277.62
Karachi, October 13, 2023 – The US dollar continued its downward spiral, weakening for the 27th consecutive session against the Pakistani Rupee (PKR) and concluding at PKR 277.62 on Friday in the interbank foreign exchange market.
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FTO Directs FBR to Assess Real Values of Immovable Properties in Posh Areas
Islamabad, October 13, 2023 – The Federal Tax Ombudsman (FTO) has issued a directive to the Federal Board of Revenue (FBR) aimed at rectifying valuation deficiencies and inconsistencies in the assessment of immovable properties, particularly in affluent areas.
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Pakistani Rupee Achieves 26-Session Winning Streak, Ends at PKR 278.58 Against the Dollar
Karachi, October 12, 2023 – The Pakistani Rupee (PKR) marked a historic milestone by concluding a 26-session winning streak against the US dollar, showcasing an exceptional recovery.
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Sindh Adopts Alternate Delivery Channel as Exclusive Tax Payment System
Karachi, October 12, 2023 – The Sindh government has taken a significant step by designating the Alternate Delivery Channel (ADC) as the sole payment system for all tax payments within the province.
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SBP Suspends Authorization of Five Exchange Companies in Ongoing Crackdown
Karachi, October 12, 2023 – The State Bank of Pakistan (SBP) has taken a resolute stance in its ongoing efforts to combat regulatory violations within the exchange sector.
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KTBA Deems New Sales Tax Credit Note Conditions Impractical and Urges Reversal
Karachi, October 11, 2023 – The Karachi Tax Bar Association (KTBA) has raised concerns over the recent changes to the conditions for raising credit notes for sales tax returns, labeling them as impractical due to various legal loopholes.
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Pakistan to Sell Treasury Bills Amounting Rs 7.90 Trillion for Repayment of Domestic Debt
Karachi, October 10, 2023 – Pakistan has unveiled plans to raise a substantial amount of Rs 7.90 trillion through the sale of Market Treasury Bills (MTBs) over the next three months, according to an announcement made on Tuesday.
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