Karachi, September 17, 2023 – Market analysts suggest that the Pakistani Rupee (PKR) is poised to sustain its recent upward trend against the US dollar during next week starting from September 18, 2023.
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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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Pakistan’s Import of Petroleum Products Plunges by 41% in Two Months of FY24
Karachi, September 17, 2023 – Pakistan’s import of petroleum products has seen a substantial decline of 41 percent during the first two months of the fiscal year 2023-24, according to official statistics released by the Pakistan Bureau of Statistics (PBS).
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IRIS 2.0 Breakdowns Make Return Filing Challenging, Says KTBA Convener
Karachi, September 16, 2023 – The upgraded return filing portal IRIS 2.0 has faced a series of issues that are making it challenging for taxpayers to fulfill their national duty.
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Pakistan Makes Hat-Trick of Petroleum Price Hike, Raises up to 21% in Just One Month
Karachi, September 16, 2023 – Pakistan non-elected caretaker government has scored a hat-trick by announcing yet another massive hike in petroleum prices. These successive increases come despite growing concerns and protests from the nation, as the government appears to disregard the economic hardships faced by its citizens.
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Pakistan Sets New Record with Skyrocketing Petroleum Prices for September 2023
Islamabad, September 15, 2023 – Pakistan has once again sent shockwaves through its economy as it announced a massive increase in petroleum prices, pushing them to historic highs.
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State Bank Suspends Exchange Company Authorization in Ongoing Crackdown
Karachi, September 15, 2023 – In a continued effort to combat illegal foreign currency transactions, the State Bank of Pakistan (SBP) announced on Friday the suspension of authorization for an exchange company.
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Prime Minister Kakar Vows to Sustain Crackdown on Illegal Trade
Islamabad, September 15, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar has reiterated the government’s commitment to a robust crackdown on illegal trade and smuggling activities.
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Caretaker Finance Minister Says Pakistan’s Economy Shows Signs of Recovery
Islamabad, September 15, 2023 – Dr. Shamshad Akhtar, the Caretaker Federal Minister for Finance, Revenue, Economic Affairs, and Privatization, announced that Pakistan’s economy is displaying indications of recovery due to the efforts made by the caretaker government. Speaking at a press conference, Dr. Akhtar highlighted various positive economic indicators.
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Pakistani Rupee Rises by PKR 1.11 in Eight Consecutive Gain Against Dollar
The Pakistani Rupee (PKR) has continued its upward trajectory against the US Dollar for the eighth consecutive session.
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FBR to Impose Penalties on Banks for Non-Provision of Account Holder Details
Karachi, September 15, 2023 – The Federal Board of Revenue (FBR) has taken a significant step by deciding to impose penalties on banks for their failure to provide details of account holders, according to official sources.
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