Karachi, October 9, 2023 – The Pakistani Rupee (PKR) extended its remarkable winning streak for the 23rd consecutive session against the US dollar, ending at PKR 281.65 in the interbank foreign exchange market.
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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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Pakistan’s Active Taxpayers List Reaches New Record of 4.83 Million Return Filers
Islamabad, October 9, 2023: The Federal Board of Revenue (FBR) on Monday announced that Pakistan’s Active Taxpayers List (ATL) has reached a new historic high of 4.83 million return filers for tax year 2022.
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FBR Updates Super Tax Rates for High-Earning Individuals
Karachi, October 9, 2023 – The Federal Board of Revenue (FBR) has introduced updated super tax rates for high-earning individuals for the tax year 2024.
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Pakistan Introduces Minimum Tax for Companies Declaring Losses in Tax Year 2024
Karachi, October 8, 2023 – Pakistan has implemented a minimum tax requirement for companies that frequently declare losses in their financial statements, effective for Tax Year 2024.
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PKR Expected to Maintain its Winning Streak Amid Afghan Transit Restrictions
Karachi, October 8, 2023 – The Pakistani rupee (PKR) is poised to continue its ascent against the US dollar in the coming week as Pakistan implements various restrictions on Afghan transit trade.
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Pakistan Begins Collecting Bank Guarantee for Afghan Transit Goods to Curb Pilferage
Karachi, October 7, 2023 – In a bid to enhance security measures and curb pilferage of Afghan transit goods on Pakistani soil, Pakistan has initiated the process of collecting bank guarantees for goods intended for Afghan transit trade.
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Pakistan Reports Surge in Essential Items Inflation by 37.07%
Islamabad, October 6, 2023 – Pakistan has reported a significant surge in inflation for essential items, with a staggering increase of 37.07 percent, primarily driven by a massive 118 percent rise in electricity charges, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.
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Pakistan Allows No Tax Deduction for Citizens Exempted from Return Filing
Karachi, October 6, 2023 – Pakistan has implemented a policy allowing for no deduction of withholding tax for citizens who are exempted from filing tax returns.
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Pakistan May Reduce Petroleum Prices Sharply for Second Half of October 2023
Karachi, October 6, 2023 – Pakistan may announce a significant reduction in petroleum product prices for the second half of October 2023 following a substantial drop in international oil prices.
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Pakistan’s External Debt Surges 39% Year-on-Year in August 2023
Karachi, October 5, 2023 – Pakistan’s external debt has experienced a staggering 39 percent year-on-year increase in August 2023, primarily attributed to a significant depreciation of the Pakistani rupee against the US dollar during this period.
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