Karachi, September 18, 2023 – Financial analysts are predicting that the Pakistani Rupee (PKR) may experience a significant depreciation, potentially falling to PKR 340 against the US Dollar (USD) by June 2024.
(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 Imports Mobile Phones Worth $180 Million Amid Economic Challenges
Karachi, September 18, 2023 – Pakistan, facing economic challenges and foreign payment constraints, has imported mobile phones worth approximately $180 million in just two months, according to data from the Pakistan Bureau of Statistics (PBS).
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Pakistan’s Car Import Spending Soars to Rs 9.07 Billion in July-August
Karachi, September 17, 2023 – Official statistics released by the Pakistan Bureau of Statistics (PBS) have revealed that Pakistan’s spending on car imports during the first two months of the fiscal year 2023-24 (July-August) amounted to a staggering Rs 9.07 billion.
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FBR Initiates Penal Action Against Failure to Declare Business Bank Accounts
Karachi, September 17, 2023 – The Federal Board of Revenue (FBR) has taken punitive measures against individuals who have failed to declare their business bank accounts, as per recent reports.
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PKR Expected to Continue Upward Trajectory Against Dollar from September 18
Karachi, September 17, 2023 – Market analysts suggest that the Pakistani Rupee (PKR) is poised to sustain its recent upward trend against the US dollar during next week starting from September 18, 2023.
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Pakistan’s Import of Petroleum Products Plunges by 41% in Two Months of FY24
Karachi, September 17, 2023 – Pakistan’s import of petroleum products has seen a substantial decline of 41 percent during the first two months of the fiscal year 2023-24, according to official statistics released by the Pakistan Bureau of Statistics (PBS).
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IRIS 2.0 Breakdowns Make Return Filing Challenging, Says KTBA Convener
Karachi, September 16, 2023 – The upgraded return filing portal IRIS 2.0 has faced a series of issues that are making it challenging for taxpayers to fulfill their national duty.
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Pakistan Makes Hat-Trick of Petroleum Price Hike, Raises up to 21% in Just One Month
Karachi, September 16, 2023 – Pakistan non-elected caretaker government has scored a hat-trick by announcing yet another massive hike in petroleum prices. These successive increases come despite growing concerns and protests from the nation, as the government appears to disregard the economic hardships faced by its citizens.
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Pakistan Sets New Record with Skyrocketing Petroleum Prices for September 2023
Islamabad, September 15, 2023 – Pakistan has once again sent shockwaves through its economy as it announced a massive increase in petroleum prices, pushing them to historic highs.
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State Bank Suspends Exchange Company Authorization in Ongoing Crackdown
Karachi, September 15, 2023 – In a continued effort to combat illegal foreign currency transactions, the State Bank of Pakistan (SBP) announced on Friday the suspension of authorization for an exchange company.
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