Karachi, October 24, 2023 – Furniture exporters have sought support from the Karachi Chamber of Commerce and Industry (KCCI) to address the mounting concerns regarding an increasing number of raids conducted by Pakistan Customs.
(more…)Author: Shahnawaz Akhter
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BankIslami Pakistan Records Remarkable 196% Profit Growth in First 9 Months of 2023
Karachi, October 24, 2023 – BankIslami Pakistan Limited has reported a staggering 196% increase in profit growth during the first nine months of the calendar year 2023.
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Unilever Pakistan Records 55.30% Profit Growth in 9MCY23 Amid Economic Challenges
Karachi, October 24, 2023 – Unilever Pakistan Foods Limited has reported a remarkable 55.30% surge in profits for the first nine months of the calendar year 2023.
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FBR Unlikely to Extend Deadline for Tax Return Filing Beyond October 31
Islamabad, October 24, 2023 – The Federal Board of Revenue (FBR) is expected to stick to the October 31, 2023, deadline for filing the annual return of income for tax year 2023, with no further extensions in sight. This decision follows the recent one-month extension granted by the FBR.
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Pakistan Achieves Record-High Number of Active Taxpayers at 4.93 Million
Karachi, October 24, 2023 – Pakistan has achieved a historic milestone with a record-breaking 4.93 million active taxpayers, as per the latest data released by the Federal Board of Revenue (FBR).
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Pakistan Witnesses Significant Increase in Labor Migration: State Bank Report
KARACHI, October 24, 2023 – Pakistan has experienced a noteworthy surge in labor migration over the past two fiscal years, according to a report released by the State Bank of Pakistan (SBP) on October 23, 2023.
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Tax-to-GDP Ratio Falls to 8.5% in FY23 from Previous 9.2%: State Bank
Karachi, October 23, 2023 – The tax-to-GDP ratio in Pakistan has declined to 8.5 percent in the fiscal year 2022-23, down from the previous year’s 9.2 percent, according to official data revealed on Monday.
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State Bank of Pakistan Forecasts GDP Growth of 2-3% for FY24
Karachi, October 23, 2023 – The State Bank of Pakistan (SBP) has released its Annual Report on the State of Pakistan’s Economy for the fiscal year 2022-23, projecting a GDP growth rate of 2 to 3 percent for the fiscal year 2023-24.
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Pakistan Lifts Restrictions on Foreign Payments by Information Technology Sector
Karachi, October 23, 2023 – In a significant move aimed at boosting the country’s information technology sector, Pakistan announced the removal of restrictions on foreign payments made by the IT industry.
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SBP Facilitates Freelancers with Exporters’ Special Foreign Currency Account
Karachi, October 23, 2023 – The State Bank of Pakistan (SBP) has introduced a significant initiative to support the growing community of freelancers in the country by launching the Exporters’ Special Foreign Currency Account (ESFCA).
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