Karachi, October 3, 2023 – The Pakistan Rupee (PKR) continues to display remarkable strength against the US Dollar, maintaining its unbeatable streak for the 19th consecutive session. The day concluded with the PKR standing at PKR 285.72 in the interbank foreign exchange market.
(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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FBR Gains Access to Property Buyer Data to Combat Tax Evasion
Karachi, October 3, 2023 – The Federal Board of Revenue (FBR) in Pakistan has taken a significant step in its ongoing efforts to combat tax evasion by obtaining comprehensive data of property buyers from relevant authorities.
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Pakistan’s Petroleum Sales Plunge by 34% YoY in September 2023
Karachi, October 2, 2023 – Pakistan’s domestic sales of petroleum products experienced a significant decline, plummeting by 34 percent year on year (YoY) in September 2023, according to a report by the research team at Arif Habib Limited.
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Active Taxpayers List Expands to New Record High at 4.78 Million
Islamabad, October 2, 2023 – Pakistan’s Active Taxpayers List (ATL) has reached a historic milestone, with a record high of 4.78 million taxpayers for the tax year 2022.
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Pakistan Witnesses Massive 25% Decline in Imports During First Quarter of FY24
Karachi, October 2, 2023 – Pakistan economy official data reveals a staggering 25 percent decline in imports during the first quarter of the fiscal year 2023-24.
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FBR Initiates Action Against Builders for Missed Deadlines Under Amnesty Schemes
Karachi, October 2, 2023 – The Federal Board of Revenue (FBR) has taken decisive action against property builders and developers who failed to meet project completion deadlines set under the amnesty scheme.
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Pakistani Rupee Maintains Strong Streak Against Dollar, Closes at PKR 286.76
Karachi, October 2, 2023 – The Pakistani Rupee (PKR) continued its impressive performance against the US dollar, extending its unbeaten streak for the 18th consecutive session.
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FBR Allows Taxpayers to Set Off Losses Against Capital Gains
Karachi, October 2, 2023 – The Federal Board of Revenue (FBR) has granted taxpayers the ability to offset losses against capital gains, providing relief and flexibility in income tax matters. Official sources confirmed this change on Monday, shedding light on the new provisions.
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Inflation in Pakistan Surges to 31.4% in September 2023
Karachi, October 2, 2023 – Official data released on Monday by the Pakistan Bureau of Statistics (PBS) reveals a sharp increase in headline inflation, which soared to 31.4 percent on a year-on-year basis in September 2023.
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Pakistan Implements Administrative Measures to Ease Inflation
Karachi, October 2, 2023 – Pakistan has taken significant steps to combat inflation and stabilize its economic outlook. Recent administrative measures aimed at improving the availability of essential food commodities and addressing supply constraints are yielding positive results, according to the Ministry of Finance’s monthly economic report.
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