Islamabad, February 15, 2024 – The Economic Coordination Committee (ECC) of the Cabinet, during its meeting on Wednesday, gave the nod to an increased sales tax rate of 25 percent on locally assembled vehicles.
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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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Peshawar High Court Declares Section 7E Unconstitutional
Islamabad, February 14, 2024 – The Peshawar High Court (PHC) has struck down Section 7E of the Income Tax Ordinance, 2001, terming it beyond the legislative competence of the Parliament.
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APTMA Warns of 50% Shutdown in Textile Sector
Karachi, February 14, 2024 – The All Pakistan Textile Mills Association (APTMA) issued a stern warning to the government on Wednesday, cautioning that over 50 percent of firms in the textile and apparel sector are at high risk of shutting down in the coming weeks unless urgent corrective measures are taken.
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Gold Prices Plummet to Rs 210,800 per Tola in Pakistan
Karachi, February 14, 2024 – Gold prices witnessed a significant drop in Pakistan on Wednesday, plummeting to Rs 210,800 per tola, driven by a substantial decline in the international markets.
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Pakistan Witnesses 10.59% Drop in Saving Certificates Investment
Karachi, February 14, 2024 – In a significant economic development, Pakistan has experienced a notable 10.59 percent decline in investments in saving certificates issued by the Central Directorate of National Savings (CDNS).
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ECC Approves Rs 7.49 Billion Ramazan Relief Package
Islamabad, February 13, 2024 – In a significant move aimed at providing relief to the targeted beneficiaries of the Benazir Income Support Programme (BISP) during the holy month of Ramazan, the Economic Coordination Committee (ECC) of the Cabinet has approved a Rs7.492 billion Ramazan Relief Package.
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Pakistan’s Car Sales Witness Staggering 48% Decline in 7MFY24
Karachi, February 13, 2024 – Pakistan’s automotive industry has experienced a significant setback with a staggering 48 percent decline in car sales during the first seven months (July – January) of the fiscal year 2023-24.
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PTCL Records Widening Annual Losses at Rs 14.15 Billion in 2023
Karachi, February 13, 2024 – Pakistan Telecommunication Company Limited (PTCL) revealed on Tuesday that its annual losses for the calendar year 2023 widened to Rs 14.15 billion, as reported in the financial statement shared with the Pakistan Stock Exchange (PSX).
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Pakistan Petroleum Celebrates Successful Drilling at Hala
Karachi, February 13, 2024 – Pakistan Petroleum Limited (PPL) achieved a significant milestone on Tuesday with the successful drilling and testing of the Adam-2 well in the Hala region.
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Pakistan’s Public Debt Soars to 74.8% of GDP: SBP Report
Karachi, February 12, 2024 – Pakistan’s economic landscape is grappling with a significant challenge as the State Bank of Pakistan (SBP) reveals that the country’s public debt has surged to 74.8 percent of the Gross Domestic Product (GDP) by the end of December 2023.
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