Karachi, March 14, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) voiced apprehensions on Thursday regarding the State Bank of Pakistan’s (SBP) persistent adherence to high-interest rates despite escalating inflation rates.
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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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Pakistan Stock Market Surges 1,016 Points as Bulls Return
Karachi, March 14, 2024 – The Pakistan stock market witnessed a remarkable climb of 1,016 points on Thursday as bullish sentiments returned, boosting investor confidence across the board.
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Mobile Banking Users in Pakistan Surge to 16 Million by Year-End
Karachi, March 13, 2024 – In a testament to the digital transformation sweeping Pakistan, the State Bank of Pakistan (SBP) announced on Wednesday that the number of mobile banking users in the country reached an impressive 16 million by the close of December 31, 2023.
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Finance Minister Prioritizes Tax System Digitization
Islamabad, March 13, 2024 – Finance Minister Muhammad Aurangzeb declared the documentation of the economy and the complete digitization of the tax system as the government’s foremost priorities during his visit to the Federal Board of Revenue (FBR) Headquarters on Wednesday.
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Bearish Trend Continues as PSX Slips 753 Points
Karachi, Pakistan – The Pakistan Stock Exchange (PSX) extended its losing streak on Wednesday, with the KSE-100 index experiencing a significant decline of 753 points.
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Govt. Bank Borrowing Surges 104% to Rs 4.13 Trillion in 8MFY24
Karachi, March 12, 2024 – Recent data released by the State Bank of Pakistan (SBP) on Tuesday reveals a staggering 104 percent surge in government bank borrowing, reaching Rs 4.13 trillion during the first eight months (July – February) of the fiscal year.
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Pakistan Witness 41% Drop in Car Sales During 8MFY24
Karachi, March 12, 2024 – Pakistan has experienced a significant downturn in car sales during the first eight months (July – February) of the current fiscal year 2023-24, with a staggering 41 percent drop compared to the same period in the previous fiscal year.
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Bank Deposits Soar to Historic High of Rs 27.89 Trillion in Pakistan
Karachi, March 12, 2024 – Official data released on Tuesday reveals that bank deposits in Pakistan have surged to an unprecedented high of Rs 27.89 trillion by the end of February 2024.
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Former HBL CEO Assumes Role as Pakistan’s Finance Minister
Islamabad, March 12, 2024: Muhammad Aurangzeb, the former Chief Executive Officer (CEO) of Habib Bank Limited (HBL), has officially assumed the role of Pakistan’s Finance Minister.
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LTO Karachi Records 112% Surge in February Direct Tax Collection
Karachi, March 12, 2024 – The Large Taxpayers Office (LTO) Karachi, a key arm of the Federal Board of Revenue (FBR), has achieved an unprecedented 112% year-on-year growth in the collection of direct taxes in February 2024.
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