Karachi, August 15, 2024 – Pakistan’s foreign exchange reserves witnessed a significant uptick, climbing by $173 million to reach $14.65 billion by the week ended August 9, 2024, according to a statement released by the State Bank of Pakistan (SBP) on Thursday.
(more…)Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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PM Shehbaz Promises Relief on Electricity Bills
Islamabad, August 15, 2024 –Prime Minister Shehbaz Sharif assured the nation that they would soon receive “good news” regarding a reduction in the soaring electricity bills that have been burdening households across Pakistan.
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Tax Collection Rise 70% as Electricity Bills Burden Consumers
Karachi, August 14, 2024 – The Federal Board of Revenue (FBR) has reported a remarkable 70% surge in advance tax collection from electricity bills during the fiscal year 2023-24. This increase is largely attributed to the escalating electricity tariffs, which have been a source of concern for both industrial and residential consumers across Pakistan.
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Pakistan Slashes Petroleum Prices to Eases Inflation Woes
Karachi, Pakistan – August 13, 2024: In a much-awaited move that is set to provide significant relief to the inflation-stricken populace, the Pakistan government on Tuesday announced a substantial reduction in petroleum prices.
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FPCCI Blasts Harsh Taxation and Soaring Power Tariffs
Karachi, August 12, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has launched a fierce critique against the country’s harsh taxation policies and soaring electricity tariffs, calling for urgent reforms to alleviate the financial strain on businesses and the national economy.
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Small Traders Launch Protest Against Advance Income Tax
Karachi, August 12, 2024 – In a bold move signaling rising discontent among Karachi’s small business community, traders have announced a major protest against the imposition of advance income tax on retail operations.
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Pakistan to Gain from 800 Global Investments: Minister
Karachi, August 12, 2024: In a significant boost to international economic presence of Pakistan, Federal Minister for Commerce Jam Kamal Khan announced on Sunday that 800 companies from 70 countries are set to invest in the country. This influx is anticipated to enhance Pakistan’s stature in global markets, according to a press release issued by the ministry.
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FBR Extends Rs 41 Billion Tax Bonanza to Power Sector
Karachi, August 11, 2024 – In a move that is likely to raise eyebrows, the Federal Board of Revenue (FBR) has extended tax concessions worth a staggering Rs 41 billion to the power sector for the tax year 2024.
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Arshad Nadeem Receives Hero’s Welcome on Return to Pakistan
Lahore – Javelin sensation Arshad Nadeem was met with a jubilant homecoming on Saturday night as he arrived at Lahore’s Allama Iqbal International Airport, following his historic victory at the Paris Olympics 2024.
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FBR Debunks Rumors of Taxing Arshad Nadeem’s Prize Money
Islamabad, August 11, 2024: The Federal Board of Revenue (FBR) has decisively quashed rumors swirling on social media about the alleged taxation of the prize money awarded to Arshad Nadeem, Pakistan’s golden athlete and the gold medalist at the Paris Olympics 2024.
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