In a significant uptick, Pakistan has imported mobile phones worth $1.30 billion during the first nine months (July – March) of the fiscal year 2023-24, marking a 181 percent increase from the same period last year. This surge compares to a modest $462 million in mobile phone imports during the corresponding months of the previous fiscal year, 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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Iranian President Kicks Off Visit to Pakistan Starting April 22, 2024
In a significant diplomatic move, the President of the Islamic Republic of Iran, Dr. Seyyed Ebrahim Raisi, is set to arrive in Pakistan on Monday for a three-day state visit from April 22 to 24.
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Car Imports in Pakistan Skyrocket by 274% in 9MFY23
Pakistan has seen an unprecedented surge in car imports, with a 274 percent increase during the first nine months of the fiscal year 2023-24.
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FBR Intensifies Crackdown on Counterfeit Goods
The Federal Board of Revenue (FBR) has intensified crackdown on counterfeit goods to ensure compliance with digital tax stamp regulations on key commodities, including cigarettes, sugar, and fertilizers.
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Pakistan Discusses Reforms with Global Rating Agencies
In a crucial meeting held on Saturday, Finance Minister of Pakistan Muhammad Aurangzeb engaged with representatives from two of the world’s leading credit rating agencies, S&P Global and Fitch Ratings.
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Gold Reaches Historic High at Rs 252,200 per Tola in Pakistan
Karachi, April 20, 2024 – The shimmering allure of gold reached unprecedented heights in Pakistan today as the precious metal surged to a historic high of Rs 252,200 per tola.
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Topline Survey Projects No Interest Rate Increase by SBP
Karachi, April 19, 2024 – A comprehensive survey conducted by Topline Securities Limited has dismissed any speculation regarding an increase in the benchmark policy rate by the State Bank of Pakistan (SBP) in the forthcoming monetary policy statement, shedding light on key market sentiments and expectations.
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FBR Removes Balance Sheet Requirement for Tax Return Filing
In a move aimed at reducing administrative burdens and facilitating compliant taxpayers, the Federal Board of Revenue (FBR) has eliminated the requirement of submitting balance sheets detailing assets and liabilities alongside monthly sales tax returns for those already enlisted with the sales tax department.
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Pakistan Set to Deregulate Petroleum Prices: Reports
Pakistan is poised to deregulate petroleum prices in response to concerns raised by the oil industry regarding the influx of smuggled oil products and the escalating fuel prices, according to recent reports.
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Pakistan Sees 28.54% Surge in Inflation of Essential Items
Islamabad, April 19, 2024 – Pakistan has experienced a significant surge of 28.54 percent in the inflation of essential items on a year-on-year (YoY) basis, according to official data released by the Pakistan Bureau of Statistics (PBS) on Friday.
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