Karachi, September 16, 2024 – Pakistan’s textile exports have witnessed a significant growth of 5.37% during the first two months (July–August) of the current fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. The country’s textile exports reached $2.92 billion during this period, up from $2.77 billion in the corresponding months of the previous fiscal year.
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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Gunvor, Total Energies Leaders Meet PM Shehbaz on Growth
Islamabad, September 16, 2024 – Gunvor Group Chairman Torbjorn Tornqvist and Vice President of Oceania & Southeast Asia for Total Energies, Mehmet Celepoglu, met with Prime Minister Muhammad Shehbaz Sharif on Monday to explore potential investment opportunities in Pakistan’s growing energy sector.
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Gold Prices in Pakistan Skyrocket to Record High at Rs 268,000
Karachi, September 16, 2024 – Gold prices in Pakistan surged to a new record high of Rs 268,000 per tola (24-karat) on Monday, driven by escalating prices in the international bullion markets.
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FBR Reaches 5.6 Million Active Taxpayers on ATL 2023
Karachi, September 16, 2024 – The Federal Board of Revenue (FBR) announced on Monday that the number of active taxpayers in Pakistan has increased to 5.6 million by the week ending September 15, 2024. This marks a notable rise from the 5.54 million active taxpayers recorded in the previous week, reflecting an addition of 60,000 new taxpayers to the Active Taxpayers List (ATL).
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Pakistan Sharply Reduces Petroleum Prices for 2nd Half of September 2024
Islamabad, September 15, 2024 – In a major relief to consumers, Pakistan announced a sharp reduction in petroleum prices for the second half of September 2024.
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Withholding Tax Rates for Telephone and Internet in TY 2024-25
Karachi, September 15, 2024 – The Federal Board of Revenue (FBR) has updated the withholding tax rates on the usage of telephone and internet services for the tax year 2024-25. This update follows the release of the FBR’s withholding tax card for the current tax year, which outlines the applicable tax rates under Section 236 of the Income Tax Ordinance, 2001.
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Pakistani Rupee Outlook Against Dollar Remain Stable Next Week
KARACHI: The Pakistani rupee is expected to maintain stability against the US dollar in the coming week, supported by ample dollar liquidity, healthy remittances, and reduced imports driven by declining global oil prices.
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FBR Steps Up Advance Tax Collection to Meet Revenue Targets
ISLAMABAD – September 14, 2024 – The Federal Board of Revenue (FBR) is ramping up its efforts to ensure timely collection of advance tax payments from banks and the corporate sector as it aims to meet its quarterly revenue target of Rs2.652 trillion for the fiscal year 2024-25.
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Gold Prices in Pakistan Hit New Record Rs 266,300
Karachi, September 14, 2024 – Gold prices in Pakistan continued their bullish trend on Saturday, marking another record high as market uncertainty and global trends fueled a surge in demand for the precious metal. According to the latest figures, the price of 24-karat gold rose by Rs 400, reaching Rs 266,300 per tola, surpassing the previous day’s closing of Rs 265,900.
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National Savings Announces Sharp Cut in Profit Rates
Karachi, September 13, 2024 – The Central Directorate of National Savings (CDNS) announced a significant reduction in profit rates for various savings certificates and accounts on Friday, following the State Bank of Pakistan’s (SBP) decision to cut its key policy rate.
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