Karachi, November 2, 2023 – The Pakistani Rupee (PKR) continued its downward trajectory for the ninth consecutive session, depreciating further against the US dollar to reach a rate of PKR 283.43 in the interbank foreign exchange market.
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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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Pakistan Witnesses 24% YoY Decline in Petroleum Sales for October 2023
Pakistan experienced a substantial 24 percent YoY decline in total petroleum sales during the month of October 2023, with experts pointing to various factors contributing to this downturn.
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FBR Grants Extension for Post-Deadline Tax Return Filing for Tax Year 2023
Karachi, November 2, 2023 – In a move aimed at alleviating the concerns of taxpayers, the Federal Board of Revenue (FBR) has decided to allow post-deadline return filing for the tax year 2023.
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Taxpayers Urge Finance Minister to Extend Return Filing Date up to November 30
Disappointed Taxpayers Seek Relief from Unmet Deadlines and Technical Challenges
Islamabad, November 2, 2023 – Frustrated taxpayers in Pakistan are calling upon the finance minister to extend the deadline for filing income tax returns up to November 30, 2023, citing disappointments stemming from the Federal Board of Revenue (FBR)’s handling of the matter.
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Pakistan Requires $340 Billion to Tackle Climate Challenges, Says Finance Minister
Karachi, November 1, 2022 – Pakistan Finance Minister, Dr. Shamshad Akhtar, has emphasized the need for a substantial investment of approximately $340 billion to address the country’s climate challenges.
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Pakistan Trade Deficit Shrinks by 35% in 4MFY24
Islamabad, November 1, 2023 – Pakistan has reported a remarkable reduction in its trade deficit, with a 35 percent decrease in the first four months (July – October) of the fiscal year 2023-24, according to official figures released by the Pakistan Bureau of Statistics (PBS).
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US Dollar Defeats Pakistani Rupee for 8th Straight Session, Reaches PKR 282.65
Karachi, November 1, 2023 – In a relentless eight-session streak, the US dollar has extended its dominance over the Pakistani Rupee (PKR), reaching the remarkable exchange rate of PKR 282.65.
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Pakistan Reports Contraction in October 2023 Headline Inflation to 26.9%
Karachi, November 1, 2023 – Pakistan has experienced a significant contraction in headline inflation for the month of October 2023, with the Consumer Price Index (CPI) showing a decrease to 26.9 percent from the previous month’s 31.4 percent.
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Taxpayers Seek Deadline Extension as FBR Receives 2.9 Million Tax Returns
Karachi, November 1, 2023 – As the Federal Board of Revenue (FBR) received 2.9 million tax returns by the October 31, 2023 deadline for tax year 2023, taxpayers are now clamoring for an extension to the filing deadline.
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Pakistan Keeps Petrol and Diesel Prices Unchanged for First Fortnight of November 2023
Islamabad, October 31, 2023 – In a recent announcement, the government of Pakistan has opted to maintain the prices of petrol and diesel for the first half of November 2023, providing some relief to consumers at the fuel pumps.
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