Karachi, November 26, 2023 – The State Bank of Pakistan (SBP) has declared its intention to implement a flexible inflation targeting regime. This decision, outlined in the recently released five-year plan, underscores the SBP’s commitment to prioritizing price stability as the primary objective of monetary policy.
(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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Government Recovers Rs 34 Billion in Unprecedented Crackdown Against Power Theft
Islamabad, November 26, 2023 – The government of Pakistan has successfully recovered an astounding Rs 34 billion during its ongoing crackdown against power theft.
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FBR Releases Comprehensive List of Particulars for Depreciation Deduction in Tax Year 2024
Karachi, November 26, 2023 – The Federal Board of Revenue (FBR) has taken a significant step towards enhancing transparency and accuracy in tax reporting by issuing a detailed list of particulars required for claiming depreciation deduction during the tax year 2024.
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Pakistani Rupee Likely to Stay Under Pressure Against Dollar Next Week Starting Nov 27
Karachi, November 26, 2023 – The Pakistani Rupee (PKR) is anticipated to remain under pressure against the U.S. dollar in the upcoming week starting November 27, 2023, as currency analysts suggest a narrow trading range due to mixed economic signals impacting the country’s currency.
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Implementation of Windfall Tax on Banks Contingent on Timely General Elections
Karachi, November 25, 2023 – The caretaker government finds itself in a challenging situation following the recent announcement of a windfall tax on banks, as the amendment necessitates approval from the National Assembly.
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Pakistan Announces Relaxation Period for Afghan Transit Goods Amid New Security Measures
Karachi, November 25, 2023 – Pakistan has declared a relaxation period for Afghan transit goods, alleviating some of the conditions previously imposed, including the requirement for bank guarantees.
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FBR Unveils Method for Computing Tax on Salary Income in Tax Year 2024
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Pakistan Stock Market Hits Historic 59,000-Point Milestone in Record-Breaking Rally
Karachi, November 24, 2023 – The Pakistan stock market soared to new heights on Friday, breaching the 59,000-point level for the first time in the country’s history.
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Iran Proposes Border Markets with Pakistan to Boost Bilateral Trade
Karachi, November 24, 2023 – Iran has proposed the establishment of border markets along the Pakistan border to promote bilateral trade.
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Pakistan Grapples with Sensitive Price Inflation Persisting Above 41%