Karachi, November 20, 2023 – Pakistan Customs has disclosed a staggering 330% increase in almond imports under the Afghan Transit Trade, while simultaneously reporting a significant 62% decline in direct imports into Pakistan.
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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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Current Account Deficit Contracts Significantly by 66% in 4MFY24
Karachi, November 20, 2023 – The Current Account Deficit (CAD) has experienced a remarkable contraction of 66 percent during the first four months (July – October) of the fiscal year 2023-24, according to data released by the State Bank of Pakistan (SBP).
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Pakistan Petroleum Limited Announces Major Gas Discovery in Sindh Province
Karachi, November 20, 2023 – Pakistan Petroleum Limited (PPL) revealed on Monday a significant breakthrough in the energy sector with the discovery of gas and condensate in District Sujawal of the Sindh Province.
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Pakistani Rupee Expected to Rise Against US Dollar Next Week Amid Positive Economic Signs
Karachi, November 19, 2023: The Pakistani Rupee (PKR) is anticipated to extend its upward trajectory against the US dollar in the upcoming week starting November 20, 2023.
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Pakistan Pays Half a Billion Dollars for Mobile Phone Imports in 4MFY24
Karachi, November 18, 2023 – Pakistan has incurred a substantial expenditure of approximately half a billion dollars on the imports of mobile phones during the first four months (July – October) of the fiscal year 2023-24, as revealed by official statistics.
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FBR Launches Sweeping Crackdown Against Non-Filers by Cutting Mobile Phones and Electricity Connections
Karachi, November 18, 2023 – In a major move to enhance tax compliance, the Federal Board of Revenue (FBR) has initiated a significant crackdown against non-filers of tax returns by employing stringent measures, including the disabling of mobile phone and electricity connections, according to official sources on Saturday.
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Pakistan Witnesses Massive 186% Jump in Car Imports During First Four Months of FY24
Karachi, November 17, 2023: Pakistan has experienced a significant surge of 186% in car imports during the first four months (July – October) of the current fiscal year 2023-24, according to official data released on Friday by the Pakistan Bureau of Statistics (PBS).
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SBP Unveils Ambitious Five-Year Plan for Sharia-Compliant Banking System
Karachi, November 17, 2023 – The State Bank of Pakistan (SBP) has announced an extensive five-year strategic plan aimed at transitioning the current conventional banking system into a Sharia-compliant financial system for the country.
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