Karachi, April 17, 2024 – The State Bank of Pakistan (SBP) has wielded its regulatory authority, imposing a hefty penalty of Rs 776 million on several banks and an exchange company for breaching regulations during the first quarter of 2024, which ended on March 31.
(more…)Category: Top stories
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.
-
Gold Rates Make Fresh High at Rs 251,900 in Pakistan
Karachi, April 17, 2024 – Gold rates in Pakistan soared to a new record high on Wednesday, reaching Rs 251,900 per tola, marking a substantial gain of Rs 2,200. This surge in rates comes on the heels of a remarkable upward trend in global gold markets.
(more…) -
United Bank Reports 11.54% Profit Growth in First Quarter of 2024
Karachi, April 17, 2024 – United Bank Limited (UBL) announced an 11.54 percent increase in profit after tax for the first quarter ending March 31, 2024, according to consolidated financial results submitted to the Pakistan Stock Exchange (PSX) on Wednesday.
(more…) -
World Bank Pledges Support for Pakistan’s Digitalization Efforts
The World Bank (WB) has reaffirmed its commitment to supporting Pakistan’s economic stabilization and revenue enhancement through comprehensive reforms and digitalization programs.
(more…) -
IMF Estimates 2% GDP Growth for Pakistan in FY24
Islamabad, April 16, 2024 – The International Monetary Fund (IMF) has released its latest report, projecting a two per cent GDP growth rate for Pakistan in the current fiscal year FY24, a significant improvement from the -0.2 per cent recorded in FY23.
(more…) -
Pakistan and Saudi Arabia Reiterate Cementing Economic Ties
Islamabad, April 16, 2024 – Pakistan and Saudi Arabia reaffirmed their dedication to bolstering economic relations on Tuesday, as Saudi Foreign Minister Prince Faisal bin Farhan Al Saud met with Prime Minister Muhammad Shehbaz Sharif.
(more…) -
Gold in Pakistan Hits All-Time High at Rs 249,700 Per Tola
Karachi, April 16, 2024 – Gold prices in Pakistan soared to unprecedented levels on Tuesday, reaching a historic high of Rs 249,700 per tola, driven by a sustained rally in international markets.
(more…) -
ATL Surges to 3.93 Million Amidst Crackdown Fear
Islamabad, April 16, 2024 – In a recent update from the Federal Board of Revenue (FBR), the active taxpayers list (ATL) has seen a substantial surge, reaching a notable 3.93 million individuals.
(more…) -
Pakistan Raises Petrol and Diesel Prices Effective April 16, 2024
Islamabad, April 15, 2024 – Pakistan announced a significant increase in petrol and diesel prices, set to take effect from April 16, 2024, stirring concerns among consumers already grappling with high inflation rates.
(more…) -
High-Level Saudi Delegation Lands in Pakistan
Islamabad, April 15, 2024 – A high-level Saudi delegation, led by Foreign Minister Prince Faisal bin Farhan bin Abdullah, touched down in Pakistan on Monday, marking a significant milestone in bilateral relations between the two nations.
(more…)