Islamabad, March 29, 2024 – Pakistan’s weekly Sensitive Price Indicator (SPI) witnessed a substantial surge of 29.41 percent year on year (YoY) basis as of March 28, 2024, according to official data released by the Pakistan Bureau of Statistics (PBS) on Friday.
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Gold Reaches Rs 234,800, Nears All-Time High in Pakistan
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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