Karachi, October 26, 2023 – The Pakistani Rupee (PKR) saw a decline for the fourth successive session against the US dollar, marking a significant setback for the country’s currency.
(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 Reports Rs 963 Billion as Budget Deficit for First Quarter of FY24
Karachi, October 26, 2023 – Pakistan has announced a significant budget deficit of Rs 963 billion for the first quarter of the fiscal year 2023-24, highlighting the financial challenges the country faces.
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FBR Declines to Revise Tax Exemption on Salary Threshold
Islamabad, October 25, 2023 – The Federal Board of Revenue (FBR) has officially declared that it has no intentions to revise the current tax exemption threshold for salaried individuals, putting an end to speculation surrounding potential changes in tax policy.
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NBP Announces After-Tax Earnings of PKR 12.3 Billion for Third Quarter 2023
Karachi, October 25, 2023 – The National Bank of Pakistan (NBP) has reported a remarkable after-tax profit of PKR 12.3 billion for the third quarter of 2023, demonstrating an astonishing 76% year-on-year (YoY) increase.
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FBR Achieves Remarkable 41% Growth in Tax Collection from Salaries in FY23
Karachi, October 25, 2023 – The Federal Board of Revenue (FBR), Pakistan’s premier tax collection agency, has achieved a remarkable 41 percent growth in tax collection from salaries during the fiscal year 2022-23, based on official data.
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SBP Penalizes Four Commercial Banks with Rs 83.16 Million for Regulatory Violations
Karachi, October 24, 2023 – The State Bank of Pakistan (SBP) has taken strict measures against four commercial banks, imposing a total monetary penalty of Rs 83.16 million due to regulatory violations.
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Pakistani Rupee Experiences Second Consecutive Decline Against US Dollar on October 24
Karachi, October 24, 2023 – The Pakistani Rupee faced its second consecutive fall against the US dollar on Tuesday, highlighting mounting pressure on the nation’s import payments.
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FBR Unlikely to Extend Deadline for Tax Return Filing Beyond October 31
Islamabad, October 24, 2023 – The Federal Board of Revenue (FBR) is expected to stick to the October 31, 2023, deadline for filing the annual return of income for tax year 2023, with no further extensions in sight. This decision follows the recent one-month extension granted by the FBR.
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Pakistan Achieves Record-High Number of Active Taxpayers at 4.93 Million
Karachi, October 24, 2023 – Pakistan has achieved a historic milestone with a record-breaking 4.93 million active taxpayers, as per the latest data released by the Federal Board of Revenue (FBR).
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Tax-to-GDP Ratio Falls to 8.5% in FY23 from Previous 9.2%: State Bank
Karachi, October 23, 2023 – The tax-to-GDP ratio in Pakistan has declined to 8.5 percent in the fiscal year 2022-23, down from the previous year’s 9.2 percent, according to official data revealed on Monday.
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