Islamabad, September 22, 2024 – In a significant push for Pakistan’s export sector, the Export Development Fund (EDF) has approved 20 key proposals worth Rs 8.5 billion across industries including textiles, agriculture, gems and jewelry, defense, and global branding initiatives. These initiatives aim to drive export growth and enhance Pakistan’s presence on the international stage.
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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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Rupee Stability to Dollar Hinges on IMF Loan Approval
Karachi, September 22, 2024 – The stability of the Pakistani rupee against the US dollar in the coming week largely depends on the approval of a $7 billion loan by the International Monetary Fund’s (IMF) executive board.
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PM Shehbaz Approves Bold FBR Crackdown on Wealthy Tax Evaders
Karachi, September 21, 2024 – Prime Minister Shehbaz Sharif has given the green light to the Federal Board of Revenue (FBR) to aggressively target Pakistan’s wealthiest citizens under a transformation plan aimed at addressing tax evasion and increasing revenue collection.
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FBR Sticks to No Deadline Extension in Return Filing for TY 2024
Islamabad, September 21, 2024 – The Federal Board of Revenue (FBR) has made it clear that there will be no extension for the deadline to file income tax returns for the tax year 2024, emphasizing the importance of compliance among taxpayers.
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Gold Continues Record-Breaking Journey in Pakistan, Hits Rs 272,500
Karachi, September 21, 2024 – Gold prices in Pakistan reached new record highs on Saturday, with the price of 24-karat gold per tola (roughly 11.66 grams) soaring to Rs 272,500. This marks an increase of Rs 500 from the previous day’s close of Rs 272,000, which was already an all-time high for the precious metal in the domestic market.
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Cabinet Approves Reconstitution of PRAL Board of Directors
Islamabad, September 21, 2024 – The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has approved the reconstitution of the Board of Directors for Pakistan Revenue Automation (Private) Limited (PRAL), a key entity under the Revenue Division.
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IMF Loan Hope: Aurangzeb Foresees Good News for Pakistan
Islamabad, September 20, 2024 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced on Friday that Pakistan is expected to receive favorable news from the International Monetary Fund (IMF) on September 25, 2024.
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KSE-100 Index Shatters Records, Hits 82,074 Points Peak
Karachi, September 20, 2024 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) continued its bullish momentum and soared to a record high of 82,074 points, marking a significant milestone for Pakistan’s equity market.
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Gold Extends Rally to Fresh Record High of Rs 272,000 in Pakistan
Karachi, September 20, 2024 – The price of gold in Pakistan continued its upward trend on Friday, reaching an all-time high of Rs 272,000 per tola (24-karat) in the local markets. This surge, amounting to an increase of Rs 3,500 from Thursday’s closing price of Rs 268,500, reflects both domestic demand and significant movements in international bullion markets.
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Bank Deposits Surge 18% YoY in August 2024: SBP
Karachi, September 19, 2024 – Bank deposits in Pakistan surged by 18% year-on-year (YoY) in August 2024, according to data released by the State Bank of Pakistan (SBP) on Thursday. Total deposits reached Rs 30.78 trillion by the end of August 2024, up from Rs 26.11 trillion during the same period in 2023.
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