Karachi, September 20, 2023 – In a stern warning to citizens, the Federal Board of Revenue (FBR) announced that individuals may face at least one year in prison for various tax offenses.
(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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Pakistan’s Private Sector Opts for Debt Retirement Over New Bank Loans
Karachi, September 20, 2023 – Pakistan’s private sector has exhibited a distinct preference for debt retirement over taking on new bank loans for business activities.
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FBR Launches Campaign for Return Filing as Deadline Nears
Karachi, September 20, 2023 – The Federal Board of Revenue (FBR) has embarked on a vigorous campaign, imploring citizens to promptly file their income tax returns as the looming deadline of September 30, 2023, approaches.
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Pakistan Sees 50% Surge in Gold Imports in August 2023
Karachi, September 20, 2023 – Pakistan has witnessed a substantial 50 percent increase in the import of gold in August 2023 compared to the previous month, according to official statistics released by the Pakistan Bureau of Statistics (PBS).
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SBP Increases Profit Rates on USD-Based Naya Pakistan Certificates
Karachi, September 19, 2023 – The State Bank of Pakistan (SBP) announced on Tuesday that the government has raised the profit rates on USD-based Naya Pakistan Certificates, making these investment instruments even more attractive for investors.
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Pakistani Rupee Achieves 10th Consecutive Gain Against Dollar, Soars to PKR 294.90
Karachi, September 19, 2023 – The Pakistani Rupee (PKR) continued its impressive winning streak against the US Dollar on Tuesday, marking its tenth consecutive gain and appreciating to PKR 294.90 in the interbank foreign exchange market.
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FBR Extends Working Hours to Assist Taxpayers with Return Filing
Islamabad, September 19, 2023 – In a proactive move to support taxpayers and facilitate the annual tax return filing process, the Federal Board of Revenue (FBR) has issued a directive to its tax offices across the country, instructing them to extend their working hours on September 30, 2023.
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Private Sector Bank Deposits Soar by 21% as Investors Seek Secure Havens
Karachi, September 18, 2023 – The private sector in Pakistan has shown a significant surge in bank deposits, increasing by a remarkable 21 percent. This uptick reflects a growing preference for secure investments in the face of ongoing economic challenges.
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Pakistan’s Active Taxpayers List Hits Record High at 4.66 Million
Islamabad, September 18, 2023 – Pakistan’s Active Taxpayers List (ATL) has achieved a historic milestone, reaching a record high of 4.66 million individuals and businesses as of September 17, 2023, according to the latest update issued by the Federal Board of Revenue (FBR) on Monday.
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Banking Sector Records Impressive 125% Profit Surge Amid Economic Challenges, Reports SBP
Karachi, September 18, 2023 – Despite facing economic challenges, Pakistan’s banking sector has witnessed a remarkable surge in profit by 125 percent during the first half of fiscal year 2023, according to a report released by the State Bank of Pakistan (SBP) on Monday.
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