Karachi, March 7, 2024 – The State Bank of Pakistan (SBP) announced a notable decrease of $54 million in its weekly foreign exchange reserves, according to an official statement released on Thursday.
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Pakistan Announces Nisab of Zakat for Ramadan 2024
Karachi, March 7, 2024 – In preparation for the upcoming holy month of Ramadan 2024, Pakistan has officially notified the Nisab of Zakat, outlining the criteria for the deduction of Zakat from bank accounts on the first day of the sacred month.
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NBP’s Tax Contingencies Surge to Rs 34.73 Billion in CY23
Karachi, March 7, 2024 – The National Bank of Pakistan (NBP) is grappling with a substantial increase in tax contingencies, soaring to an astonishing Rs 34.73 billion by the close of the calendar year 2023.
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Pakistan Takes Bold Action Against Stock Market Manipulation
Islamabad, March 7, 2024 – In a resolute and far-reaching move, Pakistan has unleashed a barrage of stringent measures against individuals allegedly involved in manipulating the stock market.
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PIA Privatization Final Schedule Ordered by PM Shehbaz Sharif
Islamabad, March 6, 2024 – In a significant development, Prime Minister Shehbaz Sharif has called for the swift implementation of the final schedule for the privatization of Pakistan International Airlines (PIA).
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SBP Auctions Rs 527 Billion T-Bills with Strong Bank Participation
Karachi, March 6, 2024 – The State Bank of Pakistan (SBP) achieved a significant milestone on Wednesday by successfully selling market treasury bills worth Rs 527 billion in an auction, surpassing the initial target of Rs 225 billion.
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Standard Chartered Bank Pays Rs 143 Million Penalty to SBP
Karachi, March 6, 2024 – Standard Chartered Bank Pakistan Limited has recently disclosed that it paid a substantial penalty of Rs 143 million due to regulatory violations, as per a report released by the financial institution.
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PM Shehbaz Orders Complete Digitization of Taxation System
Islamabad, March 5, 2024 – Prime Minister Muhammad Shehbaz Sharif has issued a directive for the immediate digitization of the country’s taxation system, aiming to enhance transparency, boost tax collection, and eradicate issues such as tax evasion, corruption, and smuggling.
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Unilever Pakistan Reports Record Profit of Rs 9.74 Billion for CY23
Karachi, March 5, 2024 – Unilever Pakistan Foods Limited has announced a significant surge in its profit after tax (PAT), reaching an impressive Rs 9.74 billion for the calendar year ending December 31, 2023.
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Gold Soars to Rs 223,900 Tola Amid Ongoing Rally in Pakistan
Karachi, March 5, 2024 – In a remarkable surge, gold prices in Pakistan reached a staggering Rs 223,900 per Tola on Tuesday, fueled by an ongoing rally that mirrored a global uptrend in precious metal markets.
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