Karachi, December 29, 2023 – The Pakistani Rupee (PKR) concluded the year 2023 on a positive note, registering a gain of PKR 0.07 against the US dollar, bolstered by an increase in foreign exchange reserves.
(more…)Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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FBR Adopts Mystery Shopping to Combat Tax Evasion
Karachi, December 29, 2023 – The Federal Board of Revenue (FBR) has initiated a mystery shopping program aimed at scrutinizing sales tax invoices issued by major retailers.
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Pakistan May Cut Petroleum Prices for First Fortnight of 2024
Islamabad, December 29, 2023 – As the world ushers in the New Year, Pakistan is poised to bring some relief to its citizens by potentially reducing petroleum prices for the first fortnight of 2024, starting January 1.
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SBP Records $852 Million Surge in Foreign Exchange Reserves
Karachi, December 28, 2023 – The State Bank of Pakistan (SBP) reported a significant uptick in its official foreign exchange reserves, recording a noteworthy increase of $852 million for the week ending December 22, 2023.
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Foreign Investors Withdraw $532 Million from Pakistan in 5MFY24
Karachi, December 28, 2023 – In the first five months (July – November) of fiscal year 2023-24, foreign investors have withdrawn $532 million from Pakistan under the category of profit and dividends, according to data released by the State Bank of Pakistan (SBP).
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FBR Outlines Conditions for Zero-Rate Sales Tax Facility in 2024
Karachi, December 28, 2023 – The Federal Board of Revenue (FBR) has laid out comprehensive conditions for businesses seeking to avail themselves of the zero-rated sales tax facility during the tax year 2024.
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FBR Initiates Replacement of WeBOC with New Digital Customs
Karachi, December 27, 2023 – The Federal Board of Revenue (FBR) has embarked on a significant overhaul, initiating the replacement of the existing Web Based One Customs (WeBOC) with a state-of-the-art customs digital management system.
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SBP Issues Instructions to Banks for ITM Export Facilitation
Karachi, December 27, 2023 – The State Bank of Pakistan (SBP) has issued crucial instructions to banks regarding International Toll Manufacturing (ITM) under the Export Facilitation Scheme (EFS).
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Pakistan Stock Market Witnesses Robust Recovery of 1,693 Points
Karachi, December 27, 2023 – The Pakistan stock market staged an impressive rebound on Wednesday, experiencing a sharp recovery of 1,693 points.
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FBR Opens Tax Collection Window on Last 2023 Weekly Holidays
Karachi, December 27, 2023 – The Federal Board of Revenue (FBR) announced on Wednesday the opening of tax offices across the country on the last two weekly holidays of the year.
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