Karachi, September 13, 2023 – The Federal Board of Revenue (FBR) has announced strict measures to ensure that businesses display their National Tax Numbers (NTNs) and tax licenses prominently. Those failing to comply will face financial penalties.
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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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US Dollar Weakens to PKR 298.50 in Intraday Interbank Trading on September 13
Karachi, September 13, 2023 – The US dollar value has declined to PKR 298.50 during intraday trading at the interbank foreign exchange market on Wednesday.
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Pakistan Faces Challenging Decision on Petroleum Prices Amidst Global Oil Price Surge
Karachi, September 13, 2023 – Pakistan is facing a challenging decision regarding the revision of petroleum prices for the second half of September 2023, particularly due to the recent surge in global oil prices.
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Government Bank Borrowing Surges by 72% in First Two Months of FY24
Karachi, September 13, 2023 – Government borrowing from banks has seen a substantial surge of 72 percent during the initial two months of the fiscal year 2023-24, as revealed by official data released on Tuesday.
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Bank Deposits Reach New Record High at Rs 26.11 Trillion
Karachi, September 12, 2023 – Pakistan’s bank deposits have surged to a historic high, reaching Rs 26.11 trillion by the end of August 2023, as per data released by the State Bank of Pakistan (SBP) on Tuesday.
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RTO Karachi Launches FIR Against Mega Fake Sales Tax Invoice Scam Worth Rs 312 Billion
Karachi, September 12, 2023 – The Regional Tax Office (RTO) Karachi has taken a significant step in the fight against tax fraud by registering a First Information Report (FIR) to initiate formal legal proceedings against individuals involved in a massive fake sales tax invoice scam, which has led to a staggering loss of approximately Rs 312 billion to the national exchequer.
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PKR Records Fifth Consecutive Gain Against Dollar After Hitting Historic Low
Karachi, September 12, 2023 – The Pakistani Rupee (PKR) continued its impressive recovery for the fifth consecutive trading session against the US Dollar (USD) on Tuesday, following its historic low point on September 5, 2023.
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Mounting Concerns as Electricity Bills Reveal a Myriad of Taxes and Duties
Karachi, September 12, 2023 – The rising concern over inflated electricity prices has brought to light a myriad of duty and taxes, in addition to government charges, that are embedded within electricity bills, impacting the daily lives of consumers.
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SBP May Raise Benchmark Interest Rate to New High Amidst Inflation Woes
Karachi, September 12, 2023 – The State Bank of Pakistan (SBP) is likely to consider a substantial increase in the benchmark interest rate, potentially reaching a historic high above the current record of 22 percent.
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Dollar Slides to PKR 299 in Intraday Interbank Trading
Karachi, September 12, 2023 – The US dollar continued its downward trajectory against the Pakistani Rupee (PKR) on Tuesday, reaching PKR 299 in intraday interbank foreign exchange trading.
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