Karachi, March 29, 2024 – The gold market in Pakistan witnessed a significant surge, with prices soaring to Rs 234,800 per Tola, edging closer to the all-time high of Rs 240,000 per Tola set on May 10, 2023.
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SBP Extends Deadline for Import of Cash Dollars till June 30
Karachi, March 29, 2024 – The State Bank of Pakistan (SBP) has announced an extension to the deadline for the import of Cash US Dollars by exchange companies.
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Pakistan Sees $37 Million Increase in Weekly Forex Reserves
Karachi, March 28, 2024 – Pakistan has experienced a notable increase of $37 million in its foreign exchange reserves for the week ending March 22, 2024, according to official data released on Thursday.
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LTO Karachi Achieves Historic Rs 13 Billion Single Tax Recovery
Karachi, March 28, 2024 – In a historic milestone for the Federal Board of Revenue (FBR), the Large Taxpayers Office (LTO) Karachi made biggest-ever tax recovery, amounting to approximately Rs 13 billion, from a taxpayer for defaulting on advance tax payments.
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SBP Grants Waiver of Biometric for Asaan Mobile Accounts
Karachi, March 28, 2024 – In a bid to enhance financial inclusivity and streamline digital banking processes, the State Bank of Pakistan (SBP) announced on Thursday a temporary waiver of biometric verification for Asaan Mobile Accounts (AMAs), marking a significant move towards facilitating easier access to financial services, particularly for women.
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Profit Repatriation by Foreign Investors Surges 237% in 8MFY24
Karachi, March 27, 2024 – The repatriation of profit and dividends by foreign investors operating in Pakistan has witnessed a remarkable surge, soaring by 237 percent during the first eight months (July – February) of the fiscal year 2023-24, according to official data released on Wednesday.
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Analysts Predict March Headline Inflation to Reach 20.8%
Karachi, March 27, 2024 – Insight Research analysts have forecasted that the inflation rate for March 2024 is expected to reach 20.8 percent, marking a notable decrease from the previous year’s figures.
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Pakistan Announces Honor Card for Top Taxpayers
In a bid to acknowledge and reward the contribution of top taxpayers towards the economic development of the country, Prime Minister Shehbaz Sharif of Pakistan has unveiled a groundbreaking initiative – the Honor Card for Top Taxpayers.
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OGDCL Discovers Hydrocarbons in Khyber Pakhtunkhwa
Karachi, March 26, 2024 – The Oil and Gas Development Company Limited (OGDCL) revealed on Tuesday a significant hydrocarbons discovery in Kohat District, located in the Khyber Pakhtunkhwa Province of Pakistan, marking a milestone in the country’s energy sector.
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CCP Examines Request for PTCL and Telenor Merger
Islamabad, March 26, 2024 – The Competition Commission of Pakistan (CCP) has announced its examination of the proposed merger between Pakistan Telecommunication Company Limited (PTCL) and Telenor, aiming to address concerns and ensure transparency in the process.
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