Islamabad, August 31, 2023: Pakistan has made an announcement on Thursday regarding a substantial increase in petroleum prices, set to take effect from September 1, 2023. In its bi-weekly review, the government has adjusted the petrol rate to Rs 305.36 per liter and raised the diesel price to Rs 313.84 per liter.
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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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Government to Address Inflated Electricity Bills Issue in Next 48 Hours: PM Kakar
Islamabad, August 31, 2023: Prime Minister Anwaar-Haq Kakar reassured the public on Thursday that the government is actively addressing the issue of inflated electricity bills and will present a solution within the next 48 hours.
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FBR Surpasses August Collection Target Despite Challenges
Islamabad, August 31, 2023 – The Federal Board of Revenue (FBR) has defied the odds and delivered a commendable performance in achieving its revenue target for August 2023.
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Pakistan Equities Plunge by 1,242 Points on Record-Breaking Rupee Slide
Karachi, August 31, 2023 – Pakistan’s equities faced a sharp decline on Thursday, plummeting by 1,242 points, in the midst of a record-breaking slide in the value of the Pakistani Rupee (PKR) against the US dollar.
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Pakistani Rupee Hits New Low at PKR 305.54 Against the Dollar in Persistent Slide
Karachi, August 31, 2023 – The Pakistani Rupee (PKR) reached a fresh low at PKR 305.54 against the US Dollar on Thursday in interbank foreign exchange market, marking its relentless descent over a ten-day period.
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NBP Penalized for Regulatory Violations at Domestic and Overseas Branches
Karachi, August 31, 2023 – The National Bank of Pakistan (NBP), the country’s largest public sector financial institution, has incurred penalties for regulatory violations at both its domestic and overseas branches, as confirmed by official documents.
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FBR Files Complaint of Government Fund Misappropriation Against Senior PIA Officials
Karachi, August 31, 2023 – The Federal Board of Revenue (FBR) has officially registered a complaint against senior officials of Pakistan International Airlines (PIA) for alleged misappropriation of government funds, sources said on Thursday.
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US Dollar Soars to New Record High of PKR 305.25 in Intraday Trading
Karachi, August 31, 2023 – The relentless ascent of the US dollar against the Pakistani Rupee (PKR) reached a new peak on Thursday, with the exchange rate surging to an unprecedented high of PKR 305.25 during intraday trading.
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FBR Chairman to Address Taxation Concerns on Electricity Bills in Meeting with Karachi Traders
Karachi, August 30, 2023 – In an effort to alleviate mounting tensions sparked by exorbitant electricity bills, Malik Amjaz Zubair Tiwana, the Chairman of the Federal Board of Revenue (FBR), is set to convene a pivotal meeting with traders in Karachi on September 1, 2023, according to official sources.
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Rupee Freefall Continues: Hits New Record Low at PKR 304.45 Against the Dollar
Karachi, August 30, 2023 – The Pakistani Rupee (PKR) continues its freefall against the US dollar, hitting a new low at PKR 304.45 on Wednesday.
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