Karachi, December 7, 2023 – The Pakistan stock market experienced a historic milestone on Thursday as it soared to a new all-time high, reaching an impressive 64,718 points amid an ongoing bullish trading session.
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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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Government Bank Borrowing Surges by 154% in Current Fiscal Year
Karachi, December 7, 2023 – The government’s borrowing from banks has witnessed a substantial increase, surging by 154 percent during the first four months of the current fiscal year.
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Government Mandates Banking Channels for Sales Tax Transactions Above Rs 50,000
Karachi, December 7, 2023 – The Government of Pakistan has made it compulsory to conduct sales tax transactions exceeding Rs 50,000 through banking channels.
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FBR Gains Access to PSX Online System for Broadening Tax Base
Karachi, December 6, 2023 – The Federal Board of Revenue (FBR) will gain access to the online system of the Pakistan Stock Exchange (PSX) for broadening of tax base.
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Historic Bull Run Propels Pakistan Stock Market as KSE-100 Index Nears 64,000 Points
Karachi, December 6, 2023 – The bulls have tightened their grip on the Pakistan stock market, steering the benchmark KSE-100 index to a remarkable close near the 64,000-point mark on Wednesday.
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SECP Imposes Monetary Penalties of Rs 5.3 Billion in 2023
Islamabad, December 6, 2023 – The Securities and Exchange Commission of Pakistan (SECP) has taken an assertive stance in 2023, imposing a substantial monetary penalty of Rs 5.3 billion, according to the recently unveiled annual report.
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FBR Issues Record Keeping Requirements for Business Income up to Rs 500,000
Karachi, December 6, 2023 – The Federal Board of Revenue (FBR) in Pakistan has notified updated record-keeping requirements for businesses with an annual turnover of up to Rs 500,000.
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State Bank of Pakistan Launches Raast Person to Merchant Service to Boost Digital Payments
Karachi, December 5, 2023 –The State Bank of Pakistan (SBP) officially unveiled the Raast Person to Merchant (P2M) Service on Tuesday for advancing digital payment solutions in Pakistan.
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FBR Set to Implement Real-Time Access to Information and Databases
Karachi, December 5, 2023 – The Federal Board of Revenue (FBR) has taken a significant step towards enhancing its capabilities by finalizing plans to gain real-time access to information and databases of both public and private institutions.
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