Karachi, December 7, 2023 – The Federal Board of Revenue (FBR) has implemented a directive preventing integrated retailers from issuing temporary sales tax invoices through the Point of Sale (POS) system.
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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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Iran Unveils Ambitious Plans to Deepen Economic Ties with Pakistan
Karachi, December 7, 2023 – Hassan Nourian, the Consul General of the Islamic Republic of Iran, disclosed comprehensive plans to elevate economic collaboration with Pakistan during a meeting at the North Karachi Association of Trade & Industry (NKATI).
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Pakistan Records $286 Million Decline in Weekly Foreign Exchange Reserves
Karachi, December 7, 2023 – Pakistan faced a significant setback in its economic indicators as it witnessed a substantial decline of $286 million in foreign exchange reserves for the week ending December 1, 2023.
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Pakistan Stock Market Hits Record High of 64,718 Points in Bullish Rally
Karachi, December 7, 2023 – The Pakistan stock market experienced a historic milestone on Thursday as it soared to a new all-time high, reaching an impressive 64,718 points amid an ongoing bullish trading session.
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Government Bank Borrowing Surges by 154% in Current Fiscal Year
Karachi, December 7, 2023 – The government’s borrowing from banks has witnessed a substantial increase, surging by 154 percent during the first four months of the current fiscal year.
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Government Mandates Banking Channels for Sales Tax Transactions Above Rs 50,000
Karachi, December 7, 2023 – The Government of Pakistan has made it compulsory to conduct sales tax transactions exceeding Rs 50,000 through banking channels.
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FBR Gains Access to PSX Online System for Broadening Tax Base
Karachi, December 6, 2023 – The Federal Board of Revenue (FBR) will gain access to the online system of the Pakistan Stock Exchange (PSX) for broadening of tax base.
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Historic Bull Run Propels Pakistan Stock Market as KSE-100 Index Nears 64,000 Points
Karachi, December 6, 2023 – The bulls have tightened their grip on the Pakistan stock market, steering the benchmark KSE-100 index to a remarkable close near the 64,000-point mark on Wednesday.
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SECP Imposes Monetary Penalties of Rs 5.3 Billion in 2023
Islamabad, December 6, 2023 – The Securities and Exchange Commission of Pakistan (SECP) has taken an assertive stance in 2023, imposing a substantial monetary penalty of Rs 5.3 billion, according to the recently unveiled annual report.
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FBR Issues Record Keeping Requirements for Business Income up to Rs 500,000
Karachi, December 6, 2023 – The Federal Board of Revenue (FBR) in Pakistan has notified updated record-keeping requirements for businesses with an annual turnover of up to Rs 500,000.
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