Karachi, November 18, 2023 – In a major move to enhance tax compliance, the Federal Board of Revenue (FBR) has initiated a significant crackdown against non-filers of tax returns by employing stringent measures, including the disabling of mobile phone and electricity connections, according to official sources on Saturday.
(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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Pakistan Witnesses Massive 186% Jump in Car Imports During First Four Months of FY24
Karachi, November 17, 2023: Pakistan has experienced a significant surge of 186% in car imports during the first four months (July – October) of the current fiscal year 2023-24, according to official data released on Friday by the Pakistan Bureau of Statistics (PBS).
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Pakistan Faces Staggering 42% Surge in Inflation Triggered by Essential Item Prices
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SBP Unveils Ambitious Five-Year Plan for Sharia-Compliant Banking System
Karachi, November 17, 2023 – The State Bank of Pakistan (SBP) has announced an extensive five-year strategic plan aimed at transitioning the current conventional banking system into a Sharia-compliant financial system for the country.
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FBR Targets Two Million New Taxpayers with Inauguration of 145 District Tax Offices
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FBR Illuminates Ramifications of Fake Invoices for Registered Taxpayers
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Prime Minister Kakar Urges Collaborative Approach for Economic Growth at SIFC Meeting
Islamabad, November 17, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar chaired the 7th meeting of the Apex Committee of the Special Investment Facilitation Council (SIFC) on Thursday, directing all stakeholders to actively pursue SIFC’s initiatives through collaboration for short to medium-term gains and laying the groundwork for long-term endeavors in the national interest.
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Pakistan Aims to Achieve $2 Trillion Economy Through Strategic Economic Reforms, Says Finance Minister
Karachi, November 16, 2023 – Dr. Shamshad Aktar, the Finance Minister of Pakistan, has asserted that Pakistan has the potential to become a $2 trillion economy by 2047 through the implementation of robust economic and sectoral policies.
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KSE-100 Index Hits Historic High at 57,393 Points Amid IMF Agreement
Karachi, November 16, 2023 – The Pakistan Stock Exchange (PSX) witnessed a historic moment today as the benchmark KSE-100 index surged to an all-time high at 57,393 points, marking a significant gain of 717 points from the previous day’s closing of 56,680 points.
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Rupee Defies Downward Trend, Closes Strong at PKR 287.38
Karachi, November 16, 2023 – Breaking the downward trend, the Pakistani Rupee (PKR) displayed resilience against the US dollar, concluding at PKR 287.38 in the interbank foreign exchange market on Thursday.
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