Karachi, December 11, 2023 – Pakistan’s automotive industry is grappling with a substantial 50 percent decline in car sales during the initial five months of the fiscal year 2023-2024, signaling a challenging economic landscape for the country.
(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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Release of Tax Exemption Certificates to Non-Residents
Karachi, December 11, 2023 – Federal Board of Revenue (FBR) has issued procedure for release of tax exemption certificates to non-residents during tax year 2024.
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FBR Grants Free Access to Officials for Tax Monitoring
Karachi, December 10, 2023 – Federal Board of Revenue (FBR) has empowered tax officials with free access for monitoring imported goods during tax year 2024.
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Rupee Expected to Stay Stable Against Dollar Next Week
Karachi, December 10, 2023 – The Pakistani Rupee likely to stay stable against the dollar during next week starting on December 10, 2023.
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FBR Obtains Monthly Information of Bank Depositors
Karachi, December 9, 2023 – The Federal Board of Revenue (FBR) has taken a significant step by acquiring monthly information on account holders with deposits in banks.
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Pakistan Stock Market Poised to Extend Positive Momentum Next Week Starting December 11
Karachi, December 9, 2023 – The Pakistan stock market is anticipated to sustain its positive momentum into the next week, commencing December 11, 2023, according to analysts at Topline Securities Limited.
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Foreign Remittances Witness 10% Drop to $11.05 Billion in 5MFY24
Karachi, December 8, 2023 – The State Bank of Pakistan (SBP) has reported a notable decline in foreign remittances, revealing a 10 percent drop to $11.05 billion during the initial five months (July – November) of the current fiscal year 2023-2024.
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KSE-100 Index Climbs to New Peak of 66,224 Points in Unstoppable Bull Run
Karachi, December 8, 2023 – In a stunning display of market resilience, the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) soared to a new historic high of 66,224 points on December 8, 2023, continuing an unabated bull-run that has captured the attention of investors worldwide.
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FBR Obligated to Release Final Income Tax Return Forms by January 31 for Tax Year 2024
Karachi, December 8, 2023 – The Federal Board of Revenue (FBR), acting within the parameters of tax legislation, is compelled to unveil the income tax return forms by January 31, 2024, for the impending tax year 2024.
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Pakistan Discovers Significant Oil and Gas Reserves in Sindh Province