Islamabad, October 22, 2023 – Pakistan mobile phone subscriber count has experienced a decline, with the total number of subscribers standing at 187.74 million by the end of September 2023.
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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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FBR Establishes Committee to Implement Single Portal for Sales Tax Return Filing
Islamabad, October 20, 2023 – The Federal Board of Revenue (FBR) took a significant step on Friday by constituting a dedicated committee tasked with the design, development, and implementation of a single portal for the filing of sales tax returns across various jurisdictions.
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Pakistan Reports 58% Contraction in Current Account Deficit in 1QFY24
Karachi, October 19, 2023 – Pakistan has reported a substantial contraction in its current account deficit (CAD), with a remarkable 58 percent reduction during the first quarter of fiscal year 2023-24.
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SBP Weekly Foreign Exchange Reserves Increase by $67 Million
Karachi, October 19, 2023 – The State Bank of Pakistan (SBP) has reported a noteworthy increase in its weekly foreign exchange reserves, providing a glimmer of positive news amidst concerns about the country’s overall foreign exchange situation.
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Exporters Voice Outrage Over Abrupt Suspension of Online Sales Tax Refund Processing
Karachi, October 19, 2023 – Exporters in Pakistan are up in arms over the sudden suspension of online processing for sales tax refund claims by the Federal Board of Revenue (FBR).
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Bulls Take Reins as KSE-100 Index Soars to 50,365 Points
Karachi, October 19, 2023 – A sense of optimism swept through the Pakistan equity market on Thursday as bulls took control, leading the benchmark KSE-100 index to a substantial gain of 934 points, closing at a remarkable 50,365 points.
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PKR Soars Against Dollar, Closing Strong at PKR 278.81
Karachi, October 19, 2023 – The Pakistani Rupee (PKR) demonstrated its strength against the US Dollar, closing at PKR 278.81 in the foreign exchange market on Thursday. This marks a notable gain of PKR 1.48 against the US Dollar from the previous day’s closing rate of PKR 280.29 in the interbank foreign exchange market.
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Pakistan’s Import of Petroleum Products Drops by 36.55% During First Quarter
Karachi, October 18, 2023: Pakistan’s import of petroleum products dropped by 36.55 percent during the first quarter (July-September) of fiscal year 2023-24.
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Pakistan Textile Exports Decline 10% in 1QFY24
Karachi, October 18, 2023: Pakistan has reported a 10 percent decline in textile exports during the first quarter (July-September) of fiscal year 2023-24.
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FBR Facilitates Submission of Sales Tax Refund Claims of Multi Tax Periods
Islamabad, October 18, 2023 – The Federal Board of Revenue (FBR) has taken a significant step to ease the process of claiming sales tax refunds for multiple tax periods.
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