Karachi, September 19, 2023 – The State Bank of Pakistan (SBP) announced on Tuesday that the government has raised the profit rates on USD-based Naya Pakistan Certificates, making these investment instruments even more attractive for investors.
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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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Pakistani Rupee Achieves 10th Consecutive Gain Against Dollar, Soars to PKR 294.90
Karachi, September 19, 2023 – The Pakistani Rupee (PKR) continued its impressive winning streak against the US Dollar on Tuesday, marking its tenth consecutive gain and appreciating to PKR 294.90 in the interbank foreign exchange market.
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FBR Extends Working Hours to Assist Taxpayers with Return Filing
Islamabad, September 19, 2023 – In a proactive move to support taxpayers and facilitate the annual tax return filing process, the Federal Board of Revenue (FBR) has issued a directive to its tax offices across the country, instructing them to extend their working hours on September 30, 2023.
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Private Sector Bank Deposits Soar by 21% as Investors Seek Secure Havens
Karachi, September 18, 2023 – The private sector in Pakistan has shown a significant surge in bank deposits, increasing by a remarkable 21 percent. This uptick reflects a growing preference for secure investments in the face of ongoing economic challenges.
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Pakistan’s Active Taxpayers List Hits Record High at 4.66 Million
Islamabad, September 18, 2023 – Pakistan’s Active Taxpayers List (ATL) has achieved a historic milestone, reaching a record high of 4.66 million individuals and businesses as of September 17, 2023, according to the latest update issued by the Federal Board of Revenue (FBR) on Monday.
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Banking Sector Records Impressive 125% Profit Surge Amid Economic Challenges, Reports SBP
Karachi, September 18, 2023 – Despite facing economic challenges, Pakistan’s banking sector has witnessed a remarkable surge in profit by 125 percent during the first half of fiscal year 2023, according to a report released by the State Bank of Pakistan (SBP) on Monday.
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Pakistani Rupee May Fall to PKR 340 to Dollar by June 2024 Despite Recent Gains
Karachi, September 18, 2023 – Financial analysts are predicting that the Pakistani Rupee (PKR) may experience a significant depreciation, potentially falling to PKR 340 against the US Dollar (USD) by June 2024.
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Pakistan Imports Mobile Phones Worth $180 Million Amid Economic Challenges
Karachi, September 18, 2023 – Pakistan, facing economic challenges and foreign payment constraints, has imported mobile phones worth approximately $180 million in just two months, according to data from the Pakistan Bureau of Statistics (PBS).
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Pakistan’s Car Import Spending Soars to Rs 9.07 Billion in July-August
Karachi, September 17, 2023 – Official statistics released by the Pakistan Bureau of Statistics (PBS) have revealed that Pakistan’s spending on car imports during the first two months of the fiscal year 2023-24 (July-August) amounted to a staggering Rs 9.07 billion.
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FBR Initiates Penal Action Against Failure to Declare Business Bank Accounts
Karachi, September 17, 2023 – The Federal Board of Revenue (FBR) has taken punitive measures against individuals who have failed to declare their business bank accounts, as per recent reports.
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