Karachi, November 17, 2023: Pakistan grapples with an alarming 42 percent surge in inflation, as revealed by official data released on Friday.
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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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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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Prime Minister Kakar Urges Collaborative Approach for Economic Growth at SIFC Meeting
Islamabad, November 17, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar chaired the 7th meeting of the Apex Committee of the Special Investment Facilitation Council (SIFC) on Thursday, directing all stakeholders to actively pursue SIFC’s initiatives through collaboration for short to medium-term gains and laying the groundwork for long-term endeavors in the national interest.
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Pakistan Aims to Achieve $2 Trillion Economy Through Strategic Economic Reforms, Says Finance Minister
Karachi, November 16, 2023 – Dr. Shamshad Aktar, the Finance Minister of Pakistan, has asserted that Pakistan has the potential to become a $2 trillion economy by 2047 through the implementation of robust economic and sectoral policies.
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KSE-100 Index Hits Historic High at 57,393 Points Amid IMF Agreement
Karachi, November 16, 2023 – The Pakistan Stock Exchange (PSX) witnessed a historic moment today as the benchmark KSE-100 index surged to an all-time high at 57,393 points, marking a significant gain of 717 points from the previous day’s closing of 56,680 points.
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Rupee Defies Downward Trend, Closes Strong at PKR 287.38
Karachi, November 16, 2023 – Breaking the downward trend, the Pakistani Rupee (PKR) displayed resilience against the US dollar, concluding at PKR 287.38 in the interbank foreign exchange market on Thursday.
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Citizens Rejoice as Government Extends Sales Tax Holiday on Petroleum Products
Karachi, November 16, 2023 –The citizens in Pakistan are set to continue enjoying a sales tax holiday on the purchase of petroleum products throughout the second half of November 2023 in a move of the government aimed at providing relief to the masses amidst a global economic downturn.
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Banks to Contribute Rs 58 Billion in Windfall Tax Boosting Government Revenue
Karachi, November 16, 2023 – Banks in Pakistan are set to pay an additional Rs 58 billion in income tax following the federal cabinet’s approval of a 40 percent tax on windfall profits derived from foreign exchange transactions in 2021 and 2022.
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