Karachi, October 27, 2023 – In a strategic move aimed at enhancing revenue collection, the Federal Board of Revenue (FBR) has announced Saturday, October 28, 2023, as a regular working day.
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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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Pakistani Rupee Sees 5th Straight Day Decline Against Dollar to End at PKR 280.57
Karachi, October 27, 2023 – In a concerning trend, the Pakistani Rupee (PKR) continued its slide against the US Dollar for the fifth consecutive day, closing at PKR 280.57 in the interbank foreign exchange market.
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Pakistan Witnesses Drop in Foreign Exchange Reserves by $257 Million
Karachi, October 26, 2023 – Pakistan has witnessed a drop in foreign exchange reserves by $257 million on a weekly basis, as reported in an official statement issued on Thursday.
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SBP Makes Biometric Verification Mandatory for All Branchless Banking Transactions
Karachi, October 26, 2023 – The State Bank of Pakistan (SBP) has taken a significant step to combat money laundering and terrorist financing by making biometric verification mandatory for all branchless banking (BB) transactions.
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Rupee Declines Against Dollar for Fourth Consecutive Session, Ending at PKR 280.09
Karachi, October 26, 2023 – The Pakistani Rupee (PKR) saw a decline for the fourth successive session against the US dollar, marking a significant setback for the country’s currency.
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Pakistan Reports Rs 963 Billion as Budget Deficit for First Quarter of FY24
Karachi, October 26, 2023 – Pakistan has announced a significant budget deficit of Rs 963 billion for the first quarter of the fiscal year 2023-24, highlighting the financial challenges the country faces.
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FBR Declines to Revise Tax Exemption on Salary Threshold
Islamabad, October 25, 2023 – The Federal Board of Revenue (FBR) has officially declared that it has no intentions to revise the current tax exemption threshold for salaried individuals, putting an end to speculation surrounding potential changes in tax policy.
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NBP Announces After-Tax Earnings of PKR 12.3 Billion for Third Quarter 2023
Karachi, October 25, 2023 – The National Bank of Pakistan (NBP) has reported a remarkable after-tax profit of PKR 12.3 billion for the third quarter of 2023, demonstrating an astonishing 76% year-on-year (YoY) increase.
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FBR Achieves Remarkable 41% Growth in Tax Collection from Salaries in FY23
Karachi, October 25, 2023 – The Federal Board of Revenue (FBR), Pakistan’s premier tax collection agency, has achieved a remarkable 41 percent growth in tax collection from salaries during the fiscal year 2022-23, based on official data.
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SBP Penalizes Four Commercial Banks with Rs 83.16 Million for Regulatory Violations
Karachi, October 24, 2023 – The State Bank of Pakistan (SBP) has taken strict measures against four commercial banks, imposing a total monetary penalty of Rs 83.16 million due to regulatory violations.
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