Islamabad, February 29, 2024 – In a move that is likely to exacerbate the financial strain on the already inflation-burdened populace, the outgoing caretaker government of Pakistan announced on Thursday a significant hike in the price of petrol by Rs 4.13 per liter, effective from March 1.
(more…)Category: Pakistan
-
Pakistan Records $59 Million Drop in Weekly Forex Reserves
Karachi, February 29, 2024 – The State Bank of Pakistan (SBP) reported a significant drop of $59 million in the country’s weekly foreign exchange reserves on Thursday.
(more…) -
Pakistan Braces for Nationwide Thunderstorms on March 1, 2024
Islamabad, February 29, 2024 – The Pakistan Meteorological Department (PMD) has issued a forecast predicting widespread thunderstorms across all provinces in Pakistan on Friday, March 1, 2024.
(more…) -
Pakistan’s GDP Growth Turns Positive after Two Straight Negatives
Islamabad, February 29, 2024 – Pakistan’s Gross Domestic Product (GDP) has bounced back into positive territory, registering a growth of 2.1% in the first quarter of the fiscal year 2023-24, according to a report released by the Ministry of Finance on Thursday.
(more…) -
Pakistan Auto Makers Concerned Over 680% Surge in Car Imports
Karachi, February 29, 2024 – Auto manufacturers in Pakistan are sounding alarms over a staggering 680% surge in car imports during the first six months of the current fiscal year, raising fears of a collapse in the domestic industry.
(more…) -
FBR Directs Tax Offices to Remain Open Until 8:00 PM Today
Karachi, February 29, 2024 – The Federal Board of Revenue (FBR) has directed tax offices to remain open until 8:00 pm today, signaling an extended effort to ensure the timely collection of duty and taxes.
(more…) -
FBR to Reveal New Active Taxpayers List on March 1, 2024
Karachi, February 29, 2024 – The Federal Board of Revenue (FBR) is gearing up to unveil the new Active Taxpayers List (ATL) for the tax year 2023 on March 1, 2024.
(more…) -
Pakistan Announces Petroleum Prices for First Half of March 2024
Karachi, February 29, 2024 – The Pakistan government is gearing up to unveil the petroleum prices for the first half of March 2024, with the new rates set to take effect from March 1, 2024, until March 15, 2024.
(more…) -
Caretaker PM Kakar Disapproves of PTI’s IMF Letter
Islamabad, February 28, 2024 – In a televised appearance on Wednesday, Caretaker Prime Minister Anwaar-ul-Haq Kakar expressed strong disapproval of the Pakistan Tehreek-e-Insaf (PTI) leadership’s recent political move – writing a letter to the International Monetary Fund (IMF).
(more…) -
FPCCI Advocates for Corruption-Free Taxation System in Pakistan
Karachi, February 28, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is pressing for a corruption-free taxation system in Pakistan, aiming for fair treatment within the tax machinery.
(more…)