Karachi, August 25, 2023 – In a stark reflection of the challenges plaguing the automotive industry in Pakistan, Pak Suzuki Motor Company Limited announced a colossal loss of Rs 9.67 billion for the first half of 2023.
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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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Free-fall in Rupee Continues, Reaching Fresh Low Against Dollar in Intraday Trading
Karachi, August 25, 2023 – The Pakistani Rupee (PKR) continued its downward spiral on Friday, making a fresh historic low against the US dollar.
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Foreign Exchange Reserves of Pakistan Decline by $131 Million: Central Bank
Karachi, August 24, 2023 – The State Bank of Pakistan (SBP) reported a significant decrease in Pakistan’s foreign exchange reserves, citing a decline of $131 million for the week ending August 18, 2023.
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US Dollar Makes Historic High at PKR 300.22 in Interbank Closing
Karachi, August 24, 2023 – The US dollar achieved a historic milestone on Thursday, breaching the PKR 300-mark for the first time in Pakistan’s history at the close of the Interbank foreign exchange market.
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FBR to Treat Speculation Business Separately for Tax Imposition
Karachi, August 24, 2023 – In a significant development, the Federal Board of Revenue (FBR) has announced that it will now treat speculation business as a distinct entity for tax purposes.
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Pakistan Will Stand Firm Against Extremism, Declares Caretaker Prime Minister Kakar
Karachi, August 23, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar has delivered a resolute message, affirming that Pakistan will not yield to radicalization, extremism, or intolerance under any circumstances.
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US Dollar Nears PKR 300 Mark in Interbank Trading, a Historic High for Pakistan
Karachi, August 23, 2023 – In a startling development, the US dollar has nearly reached the unprecedented level of Pakistani Rupees (PKR) 300 during intraday trading at the interbank foreign exchange market on Wednesday.
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Pakistan State Oil Records a Drastic 93% Drop in Annual Net Profit
Karachi, August 23, 2023 – Pakistan State Oil (PSO) has reported a staggering 93 percent decline in its profit after tax for the fiscal year ending on June 30, 2023.
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Private Sector Initiates Loan Repayments Amidst Challenging Economic Climate in Pakistan
Karachi, August 23, 2023 – Pakistan’s private sector has begun retiring bank loans in response to the challenging economic conditions facing the country.
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FBR Seizes Large Quantity of Cigarettes from Leading Manufacturer for Tax Violations
Islamabad, August 22, 2023 – In a significant crackdown on tax law violations, the Federal Board of Revenue (FBR) has seized a substantial quantity of cigarettes from a prominent manufacturer.
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