Islamabad, March 1, 2024 – Pakistan has achieved a remarkable 30% contraction in its trade deficit during the first eight months (July – February) of the fiscal year 2023-24, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.
(more…)Category: Pakistan
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		 Pakistan’s Headline Inflation Hits 20-Month Low in February 2024Karachi, March 1, 2024 – Pakistan’s headline inflation has reached a 20-month low in February 2024, according to analysts at Arif Habib Limited. (more…)
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		 FBR Releases List of 3.35 Million Active Taxpayers for TY2023Karachi, March 1, 2024 – In a bid to fortify its tax collection efforts and bolster the country’s fiscal health, the Federal Board of Revenue (FBR) unveiled a new list on Friday, spotlighting 3.35 million active taxpayers for the tax year 2023. (more…)
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		 FBR Exceeds Eight-Month Revenue Collection TargetIslamabad, February 29, 2024 – The Federal Board of Revenue (FBR) has outperformed its revenue collection target for the first eight months (July – February) of the fiscal year 2023-24, demonstrating robust economic recovery and fiscal management. (more…)
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		 Pakistan Raises Petrol Prices by Rs 4.13 per LiterIslamabad, 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…)
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		 Pakistan Records $59 Million Drop in Weekly Forex ReservesKarachi, 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…)
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		 Pakistan Braces for Nationwide Thunderstorms on March 1, 2024Islamabad, 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…)
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		 Pakistan’s GDP Growth Turns Positive after Two Straight NegativesIslamabad, 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…)
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		 Pakistan Auto Makers Concerned Over 680% Surge in Car ImportsKarachi, 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…)
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		 FBR Directs Tax Offices to Remain Open Until 8:00 PM TodayKarachi, 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…)
