In a determined effort to tackle the mounting issue of excessive electricity bills, Caretaker Prime Minister Anwaar-ul-Haq Kakar has taken charge by demanding a comprehensive plan featuring tangible steps to rationalize power tariffs.
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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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CBU Motor Vehicle Imports Surge by 51% in Dollar-Scarce Pakistan
Karachi, August 27, 2023 – Pakistan finds itself grappling with a severe scarcity of US dollars for its foreign obligations, but an unexpected development has emerged amidst these economic challenges. In July 2023, the import of Completely Built Unit (CBU) motor vehicles witnessed a remarkable surge of 51%, defying economic odds.
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Jamaat-e-Islami Announces Nationwide Protest Against Soaring Electricity Tariffs
Jamaat-e-Islami on Sunday declared its intent to stage a countrywide protest on Saturday, September 02, 2023, decrying the significant surge in electricity tariff rates.
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FBR Surprises Key IRS Officers with Reshuffle on Sunday
Karachi, August 27, 2023 – In a surprising move, the Federal Board of Revenue (FBR) announced a major reshuffle of officers within the Inland Revenue Service (IRS) on Sunday, August 27, 2023.
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Caretaker Prime Minister Kakar Calls Urgent Meeting on Electricity Bills Issue
Quetta, August 26, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar has taken swift action on the pressing issue of electricity prices and consumers’ bills.
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Inevitable Petroleum Price Hike Looms for Pakistan in Early September 2023
Karachi, August 26, 2023 – Pakistan is on the brink of implementing a second round of price increases for petroleum products in the first half of September 2023.
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Pakistan Reaffirms Commitment to Strengthen Ties with the United States
Islamabad, August 25, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar reiterated Pakistan’s commitment to enhancing bilateral cooperation with the United States, particularly in critical areas such as trade, investment, energy, security, and climate change.
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FBR Takes Faysal Bank to High Court Over Tax Dispute
Karachi, August 25, 2023 – The Federal Board of Revenue (FBR) has taken legal action against Faysal Bank Limited concerning a tax dispute related to the taxability of gains on a bargain purchase.
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Pakistani Rupee Hits All-Time Low at PKR 301 to Dollar in Interbank Market Closing
Karachi, August 25, 2023 – The Pakistani Rupee (PKR) hit an unprecedented low on Friday, closing at PKR 301 against the US dollar in the interbank foreign exchange market. This significant drop marks a 78 paisa depreciation in the rupee’s value compared to the previous day’s closing rate of PKR 300.22.
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Three Customs Officials Dismissed Over Involvement in Mega Clearance Scam
Karachi, August 25, 2023 – In a significant development, the Federal Board of Revenue (FBR) has taken decisive action against corruption within its ranks by dismissing three customs officials for their involvement in a major clearance scam.
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