Islamabad, May 2, 2024 – Pakistan has witnessed a substantial narrowing of its trade deficit by 17 percent during the first ten months of the fiscal year 2024, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
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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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Pakistan’s Fiscal Deficit Swells 27% to Rs 3.9 Trillion in 9MFY24
Karachi, May 2, 2024 – Pakistan’s fiscal landscape has shown significant volatility, as the nation’s fiscal deficit expanded by 27% year-on-year (YoY), reaching Rs 3.9 trillion in the first nine months of the fiscal year 2023-24, data from the Ministry of Finance revealed.
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Pakistan’s Headline Inflation Marks 23-Month Low in April 2024
Islamabad, May 2, 2024 – Pakistan’s headline inflation witnessed a significant reduction in April 2024, reaching a 23-month low of 17.34 percent. This marks a considerable decline from the 20.7 percent recorded in March 2024, and a sharp contrast to the 36.4 percent seen in April 2023.
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Habib Bank Tops Customer Complaints List in 2023
Karachi, May 1, 2024 – Habib Bank Limited (HBL) has been identified as the bank with the highest number of customer complaints in Pakistan for the year 2023, according to the Annual Report released by Banking Mohtasib Pakistan.
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FBR Set to Revamp Property Valuations by July 1st
Islamabad, May 1, 2024: The Federal Board of Revenue (FBR) is gearing up for a significant overhaul of property valuation tables, aiming to bring them closer to fair market value (FMV) starting July 1, 2024.
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Pakistan Slashes Petrol and Diesel Prices Effective May 1, 2024
Islamabad, April 30, 2024 – In a welcome move for consumers, Pakistan has announced a decrease in the prices of petrol and diesel starting May 1, 2024.
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LTO Karachi Surpasses Rs 2 Trillion Amid Organizational Upheaval
KARACHI: Despite gloomy and uncertain organizational upheaval, the Large Taxpayers Office (LTO) Karachi has hit a new milestone by collecting over Rs 2 trillion in revenue for the fiscal year 2023-24, as of April 30, 2024.
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FBR Blocks Mobile Phone SIMs of Half a Million Non-Filers
Islamabad, April 30, 2024 – The Federal Board of Revenue (FBR) has taken stringent action against non-filers by blocking the mobile phone SIMs of half a million individuals.
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Pakistan’s Economy on Track for Robust Recovery: Report
Islamabad, April 30, 2024 – According to the Ministry of Finance’s Economic Update and Outlook for April, released this Tuesday, Pakistan’s national economy is set for a strong recovery, evidenced by encouraging macroeconomic indicators that signal sustained progress and development in the coming fiscal year.
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IMF Approves $1.1 Billion Immediate Disbursement to Pakistan
Washington, DC – April 29, 2024 – In a significant boost for Pakistan’s economic stability, the Executive Board of the International Monetary Fund (IMF) approved an immediate disbursement of $1.1 billion.
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