Karachi, December 6, 2023 – Pakistan has recorded significant surge in the country’s total debt, reaching Rs 62.48 trillion by the end of October 2023.
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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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State Bank of Pakistan Launches Raast Person to Merchant Service to Boost Digital Payments
Karachi, December 5, 2023 –The State Bank of Pakistan (SBP) officially unveiled the Raast Person to Merchant (P2M) Service on Tuesday for advancing digital payment solutions in Pakistan.
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FBR Set to Implement Real-Time Access to Information and Databases
Karachi, December 5, 2023 – The Federal Board of Revenue (FBR) has taken a significant step towards enhancing its capabilities by finalizing plans to gain real-time access to information and databases of both public and private institutions.
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KSE-100 Index Surges to Historic High, Approaching 63,000 Points
Karachi, December 5, 2023 – The Pakistan Stock Exchange (PSX) witnessed a remarkable surge on Tuesday as the benchmark KSE-100 index reached a new all-time high, concluding the trading day near the 63,000-point mark.
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Pakistan Advocates Higher Tobacco Taxes to Combat Health Threats
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FBR Introduces KIBOR-Linked Compensation for Delayed Sales Tax Refunds
Karachi, December 5, 2023 – The Federal Board of Revenue (FBR) has announced a significant policy shift regarding delayed sales tax refunds, introducing an additional compensation mechanism tied to the Karachi Interbank Offered Rate (KIBOR).
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KSE-100 Index Continues Record-Breaking Rally, Soaring to 62,493 Points
Karachi, December 4, 2023 – The Pakistan Stock Exchange (PSX) witnessed another historic surge as the benchmark KSE-100 index reached an unprecedented 62,493 points on Monday, sustaining its record-breaking rally.
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PTBA Calls for Blocking Non-Filer FBR Officials
Karachi, December 4, 2023 – The Pakistan Tax Bar Association (PTBA) has called on the Federal Board of Revenue (FBR) to take decisive action against non-filer officials, emphasizing the need for accountability and transparency within the tax administration.
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Pakistan Oil Sales Rise by 9% in November 2023 Amidst Falling Prices
Karachi, December 4, 2023 – Pakistan has witnessed a significant upswing in oil sales, marking a 9 percent Month-on-Month (MoM) increase in November 2023. The surge in sales is attributed to the declining prices in the petroleum market.
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Pakistan and Saudi Arabia Inch Closer to Free Trade Agreement
Islamabad, December 3, 2023 –Pakistan and Saudi Arabia have made substantial progress towards a Free Trade Agreement (FTA) by reaching a consensus on investment modalities.
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