Pakistan Bureau of Statistics (PBS) on Friday revealed that the headline inflation, measured by the Consumer Price Index (CPI), surged to a staggering 29.2 percent Year on Year (YoY) basis in November 2023.
Karachi, December 1, 2023 – The Pakistan stock market kicked off the month of December on a remarkable note by achieving an all-time high at 61,691 points, signaling a strong start to the trading month.
Islamabad, December 1, 2023 – Pakistan has reported a substantial contraction of 33.59% in its trade deficit during the initial five months (July – November) of the fiscal year 2023-2024, as per official data released by the Pakistan Bureau of Statistics (PBS) on Friday.
Karachi, December 1, 2023 – In a significant development, provincial building control authorities are now mandated to collect a five percent advance tax before approving building construction plans, as per the updated Income Tax Rules, 2002 for the tax year 2024, issued by the Federal Board of Revenue (FBR).
Karachi, December 1, 2023 – The State Bank of Pakistan (SBP) announced on Friday that a remarkable 98% of depositors in the country are fully protected, ensuring their financial security even in the unlikely event of a bank’s failure.
Karachi, December 1, 2023 – The Federal Board of Revenue (FBR) has reported an impressive growth of 30 percent in tax collection during the first five months (July – November) of the current fiscal year 2023-2024.
Islamabad, November 30, 2023 – Pakistan has declared a reduction in petroleum prices, with the exception of petrol, for the first half of December 2023. The decision comes as part of the government’s effort to address economic considerations and provide relief to consumers.
KARACHI, November 30, 2023 – The Federal Board of Revenue (FBR) has issued a directive to initiate action against tax officials who have failed to file their income tax returns.
Karachi, November 30, 2023 – The industrialists of Karachi has announced a widespread shutdown of all industries on Monday, December 4, 2023, demanding the immediate implementation of the approved gas rates of 1350 rupees per MMBTU (Million British Thermal Units) by OGRA.
Karachi, November 30, 2023 – Pakistan experienced an increase of $91 million in its foreign exchange reserves for the week ending November 24, 2023.