Karachi, September 21, 2023 – The State Bank of Pakistan (SBP) announced the introduction of cash slabs as part of incentive schemes to promote remittances and encourage domestic financial institutions (FIs) to increase their marketing efforts for mobilizing home remittances through formal channels.
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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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PKR Extends Winning Streak Against Dollar for 12th Consecutive Session
Karachi, September 21, 2023 – The Pakistani Rupee (PKR) continued its remarkable winning streak for the 12th consecutive session against the US Dollar on Thursday, as the exchange market witnessed a gain of PKR 1.10 in the rupee’s value.
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Pakistan Briefs IMF on Economic Stabilization Measures
Islamabad, September 21, 2023 – Pakistan’s caretaker Prime Minister, Anwaar-ul-Haq Kakar, met with International Monetary Fund (IMF) Managing Director Kristalina Georgieva in New York on the sidelines of the 78th UN General Assembly session to discuss the measures taken by the government to stabilize the country’s economy.
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Pakistan Raises Massive Rs 2.14 Trillion via Treasury Bill Auction
Karachi, September 20, 2023 – Pakistan secured a staggering Rs 2.14 trillion in funds through the sale of treasury bills during an auction conducted by the State Bank of Pakistan (SBP) on Wednesday.
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Pakistan Approves Establishment of Five Digital Retail Banks
Karachi, September 20, 2023 – The State Bank of Pakistan (SBP) has granted In-Principle Approval (IPA) for the establishment of five digital retail banks (DRBs), signaling a significant step in the country’s financial landscape.
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Pakistani Rupee Surges 4.3% Against Dollar in 11 Consecutive Sessions
Karachi, September 20, 2023 – The Pakistani Rupee (PKR) has demonstrated remarkable strength, making significant gains of approximately 4.3 percent against the US dollar in 11 consecutive trading sessions.
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Citizens May Face Prison Sentences for Tax Offenses in Pakistan
Karachi, September 20, 2023 – In a stern warning to citizens, the Federal Board of Revenue (FBR) announced that individuals may face at least one year in prison for various tax offenses.
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Pakistan’s Private Sector Opts for Debt Retirement Over New Bank Loans
Karachi, September 20, 2023 – Pakistan’s private sector has exhibited a distinct preference for debt retirement over taking on new bank loans for business activities.
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FBR Launches Campaign for Return Filing as Deadline Nears
Karachi, September 20, 2023 – The Federal Board of Revenue (FBR) has embarked on a vigorous campaign, imploring citizens to promptly file their income tax returns as the looming deadline of September 30, 2023, approaches.
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Pakistan Sees 50% Surge in Gold Imports in August 2023
Karachi, September 20, 2023 – Pakistan has witnessed a substantial 50 percent increase in the import of gold in August 2023 compared to the previous month, according to official statistics released by the Pakistan Bureau of Statistics (PBS).
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