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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Smuggled Petroleum Costs Pakistan $35.6M/Month: OCAC
The Oil Companies Advisory Council (OCAC) has unveiled alarming figures, revealing that smuggled petroleum products are inflicting a staggering loss of $35.6 million on Pakistan’s economy every month.
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Pakistan Amends Policy for Importing New Vehicles
Islamabad, March 25, 2024 – Pakistan has introduced amendments to the policy governing the import of new motor vehicles into the country, signaling significant changes in regulations.
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Gold and Silver Prices in Pakistan on 25 March 2024
The latest prices for gold and silver in Pakistan, as of 5:50 AM on 25 March 2024, have been updated and are as follows, along with the previous closing prices in the bullion market:
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