Karachi, August 23, 2023 – Pakistan State Oil (PSO) has reported a staggering 93 percent decline in its profit after tax for the fiscal year ending on June 30, 2023.
(more…)Author: Shahnawaz Akhter
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Private Sector Initiates Loan Repayments Amidst Challenging Economic Climate in Pakistan
Karachi, August 23, 2023 – Pakistan’s private sector has begun retiring bank loans in response to the challenging economic conditions facing the country.
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ABHI Pakistan Empowers Employees through Earned Wage Access
Karachi, August 22, 2023 – ABHI Pakistan, the nation’s pioneering embedded finance platform, is revolutionizing financial empowerment in Pakistan with a suite of innovative financial solutions. These include Earned Wage Access, Invoice Factoring, and Payroll Solutions.
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FPCCI Demands Immediate Withdrawal of Section 7E Across Pakistan
Karachi, August 22, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has issued a stern demand to tax authorities for the immediate withdrawal of Section 7E across the entire country.
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Pakistani Rupee Hits Historic Low of PKR 299.01 to US Dollar at Interbank Closing
Karachi, August 22, 2023 – The Pakistani Rupee (PKR) has hit a historic low, closing at PKR 299.01 against the US dollar in the interbank foreign exchange market on Tuesday.
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BankIslami Pakistan Registers Staggering Over 250% Half-Year Profit
Karachi, August 22, 2023 – BankIslami Pakistan Limited, a prominent player in Pakistan’s banking sector, has reported a remarkable surge in its profit after tax for the first half of 2023, marking a stunning growth of over 250 percent.
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Pakistani Rupee Hits All-Time Low at PKR 299 Against the US Dollar
Karachi, August 22, 2023 – The Pakistani Rupee (PKR) plunged to an unprecedented low against the US dollar today, reaching PKR 299 in intraday trading at the interbank market.
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Dollar Gains Strength, Reaches PKR 297.74 in Midday Interbank Trading
Karachi, August 22, 2023 – The US dollar has strengthened its position against the Pakistani Rupee, surging to PKR 297.74 during midday interbank trading today.
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FBR Notifies Rules to Fully Implement Pakistan Single Window
Islamabad, August 22, 2023 – In a significant move towards streamlining trade processes and enhancing compliance, the Federal Board of Revenue (FBR) has issued a notification to enforce the Pakistan Single Window (PSW) system for all government agencies.
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Pakistan Collects Rs 417 Billion as Sales Tax on Services During FY23
Karachi, August 22, 2023 – Pakistan has achieved a significant milestone by collecting a total of Rs 417 billion as sales tax on services during the fiscal year 2022-23, as disclosed by official documents on Tuesday.
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