Karachi, April 4, 2024 – Pakistan has experienced a decline of $49 million in its foreign exchange reserves for the week ending March 29, 2024, according to official data released on Thursday.
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Pakistan Shows Intention for New IMF Loan Program
Islamabad, April 4, 2024 – Pakistan has expressed its intention to enter into another loan program with the International Monetary Fund (IMF) to strengthen and consolidate its economy.
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SBP Declares Bank Holidays for Eid ul Fitr 2024
Karachi, April 4, 2024 – The State Bank of Pakistan (SBP) has officially declared bank holidays for Eid ul Fitr 2024, facilitating the nationwide celebration of this joyous occasion.
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FBR Launches Pakistan Honour Card Scheme for Taxpayers
The Federal Board of Revenue (FBR) has introduced a groundbreaking initiative aimed at recognizing and rewarding the nation’s diligent taxpayers. In a recent development, the FBR issued a Statutory Regulatory Order (SRO) on Thursday, marked as SRO 469(I)/2024 dated April 3, 2024, to inaugurate the “Pakistan Honour Card Scheme.”
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Gold Prices Surge by Rs 2200, Nearing Historic High in Pakistan
April 4, 2024 – Karachi: Gold prices in Pakistan experienced a significant surge on Thursday, climbing by Rs 2,200 and inching closer to historic highs within the nation.
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OMCs Directed to Ensure Petroleum Supplies During Eid Holidays
The Oil & Gas Regulatory Authority (OGRA) has issued a directive to Oil Marketing Companies (OMCs) to uphold uninterrupted supplies of petroleum products throughout the Eid holidays.
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FBR to Penalize Shopkeepers and Traders for Registration Failure
Karachi, April 3, 2024 – The Federal Board of Revenue (FBR) has instituted a penalty of Rs 10,000 for shopkeepers and traders who fail to comply with income tax registration requirements, as part of its concerted efforts to bring the large undocumented retail sector into the tax net.
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PRL and Air Link Withdraw Intention to Acquire Shell Pakistan
Karachi, April 3, 2024 – Pakistan Refinery Limited (PRL) and Air Link Communication have jointly announced their decision to withdraw their intention to acquire Shell Pakistan, citing failed negotiations with the seller.
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Government Bank Borrowing Reaches Record Rs 4.69 Trillion
Karachi, April 2, 2024 – Official data released on Tuesday revealed a startling surge in government bank borrowing for budgetary support, reaching a staggering Rs 4.69 trillion during the period spanning from July 1, 2023, to March 22, 2024.
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PM Shehbaz Directs Increasing Exports Two-fold in 5 Years
Islamabad, April 2, 2024 – Prime Minister Muhammad Shehbaz Sharif has directed the formulation of a strategy aimed at doubling the country’s exports within the next five years.
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