Islamabad, November 1, 2023 – Pakistan has reported a remarkable reduction in its trade deficit, with a 35 percent decrease in the first four months (July – October) of the fiscal year 2023-24, according to official figures released by the Pakistan Bureau of Statistics (PBS).
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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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US Dollar Defeats Pakistani Rupee for 8th Straight Session, Reaches PKR 282.65
Karachi, November 1, 2023 – In a relentless eight-session streak, the US dollar has extended its dominance over the Pakistani Rupee (PKR), reaching the remarkable exchange rate of PKR 282.65.
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Pakistan Reports Contraction in October 2023 Headline Inflation to 26.9%
Karachi, November 1, 2023 – Pakistan has experienced a significant contraction in headline inflation for the month of October 2023, with the Consumer Price Index (CPI) showing a decrease to 26.9 percent from the previous month’s 31.4 percent.
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Taxpayers Seek Deadline Extension as FBR Receives 2.9 Million Tax Returns
Karachi, November 1, 2023 – As the Federal Board of Revenue (FBR) received 2.9 million tax returns by the October 31, 2023 deadline for tax year 2023, taxpayers are now clamoring for an extension to the filing deadline.
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Pakistan Keeps Petrol and Diesel Prices Unchanged for First Fortnight of November 2023
Islamabad, October 31, 2023 – In a recent announcement, the government of Pakistan has opted to maintain the prices of petrol and diesel for the first half of November 2023, providing some relief to consumers at the fuel pumps.
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FBR Surpasses 4MFY24 Target, Collects Rs 2.75 Trillion
Islamabad, October 31, 2023 – The Federal Board of Revenue (FBR) has exceeded its revenue collection target for the first four months of the fiscal year 2023-24, amassing an impressive total of Rs 2.75 trillion.
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Pakistan Aims to Eliminate Tax Exemptions for Fiscal Sustainability
Islamabad, October 31, 2023 – In a bid to achieve long-term fiscal sustainability, Pakistan has set its sights on eliminating tax exemptions.
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Dollar Makes Steady Growth Against Pakistani Rupee for 7th Session; Reaches PKR 281.47
Karachi – October 31, 2023 – The US dollar continued its steady ascent against the Pakistani Rupee (PKR) for the seventh consecutive session, closing at PKR 281.47.
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FBR May Grant Another Return Filing Extension For Tax Year 2023
Karachi, October 31, 2023 – The Federal Board of Revenue (FBR) is on the verge of granting another extension for the return filing deadline for the tax year 2023, which was initially set for October 31, 2023.
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Pakistan unveils new petroleum prices today on Oct 31
Karachi, October 31, 2023 – Pakistan is all set to reveal the latest petroleum prices that will come into effect from November 1, 2023, and will remain applicable for the first half of November.
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