Karachi, October 19, 2023 – Exporters in Pakistan are up in arms over the sudden suspension of online processing for sales tax refund claims by the Federal Board of Revenue (FBR).
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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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Bulls Take Reins as KSE-100 Index Soars to 50,365 Points
Karachi, October 19, 2023 – A sense of optimism swept through the Pakistan equity market on Thursday as bulls took control, leading the benchmark KSE-100 index to a substantial gain of 934 points, closing at a remarkable 50,365 points.
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PKR Soars Against Dollar, Closing Strong at PKR 278.81
Karachi, October 19, 2023 – The Pakistani Rupee (PKR) demonstrated its strength against the US Dollar, closing at PKR 278.81 in the foreign exchange market on Thursday. This marks a notable gain of PKR 1.48 against the US Dollar from the previous day’s closing rate of PKR 280.29 in the interbank foreign exchange market.
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Pakistan’s Import of Petroleum Products Drops by 36.55% During First Quarter
Karachi, October 18, 2023: Pakistan’s import of petroleum products dropped by 36.55 percent during the first quarter (July-September) of fiscal year 2023-24.
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Pakistan Textile Exports Decline 10% in 1QFY24
Karachi, October 18, 2023: Pakistan has reported a 10 percent decline in textile exports during the first quarter (July-September) of fiscal year 2023-24.
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FBR Facilitates Submission of Sales Tax Refund Claims of Multi Tax Periods
Islamabad, October 18, 2023 – The Federal Board of Revenue (FBR) has taken a significant step to ease the process of claiming sales tax refunds for multiple tax periods.
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Pakistan and China Agree to Further Strengthen High-Level Engagements
Beijing, China, October 18, 2023 – On Wednesday, Pakistan and China jointly committed to enhancing high-level dialogue and engagement while further deepening their multifaceted relations encompassing politics, economics, education, science & technology, culture, and people-to-people connections.
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US Dollar Strengthens Against Pakistani Rupee, Closing at PKR 280.29
Karachi, October 18, 2023 – The US dollar exhibited a sharp resurgence against the Pakistani Rupee (PKR) on Wednesday, closing at PKR 280.29 in the foreign exchange market.
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Pakistan and Russia Review Bilateral Cooperation in Connectivity, Trade, and Investment
Beijing, China, October 17, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar of Pakistan met with the President of the Russian Federation, Vladimir Putin, on Tuesday. During their meeting held on the sidelines of the Third Belt and Road Forum for International Cooperation, the two leaders discussed and reviewed bilateral cooperation, with a special focus on trade, investment, and energy.
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Pakistan Launches Probe into Issuance of Passports to Afghan Nationals Travelled to Saudi Arabia
Islamabad, October 17, 2023 – Pakistan has initiated an investigation into the issuance of Pakistani passports to Afghan nationals who have subsequently traveled to Saudi Arabia.
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