Karachi, September 14, 2023 – The Pakistani Rupee (PKR) continued its remarkable winning streak against the US Dollar for the seventh consecutive session, closing at PKR 297.96 to the dollar, marking a significant gain of 86 paisas compared to Rs 298.82 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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Pakistan Implements Penalty for Cash Payments in Property Purchases
Karachi, September 14, 2023 – Pakistan has taken a significant step towards curbing cash-based transactions in the real estate sector by introducing penalties for cash payments made during property purchases.
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Major Reshuffle: FBR Announces Key Transfers and Postings of Senior Customs Officers
Islamabad, September 13, 2023 – The Federal Board of Revenue (FBR) has undertaken a significant reshuffle of senior Customs officers, with immediate effect, in a move aimed at optimizing the management of customs affairs in the country.
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PKR Makes Sixth Straight Gain Against US Dollar on September 13
Karachi, September 13, 2023 – The Pakistani Rupee (PKR) continued its sixth consecutive gain against the US dollar in the interbank foreign exchange market on Wednesday.
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FBR to Impose Penalties on Businesses for Not Displaying Tax Numbers or Licenses
Karachi, September 13, 2023 – The Federal Board of Revenue (FBR) has announced strict measures to ensure that businesses display their National Tax Numbers (NTNs) and tax licenses prominently. Those failing to comply will face financial penalties.
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US Dollar Weakens to PKR 298.50 in Intraday Interbank Trading on September 13
Karachi, September 13, 2023 – The US dollar value has declined to PKR 298.50 during intraday trading at the interbank foreign exchange market on Wednesday.
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Pakistan Faces Challenging Decision on Petroleum Prices Amidst Global Oil Price Surge
Karachi, September 13, 2023 – Pakistan is facing a challenging decision regarding the revision of petroleum prices for the second half of September 2023, particularly due to the recent surge in global oil prices.
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Government Bank Borrowing Surges by 72% in First Two Months of FY24
Karachi, September 13, 2023 – Government borrowing from banks has seen a substantial surge of 72 percent during the initial two months of the fiscal year 2023-24, as revealed by official data released on Tuesday.
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Bank Deposits Reach New Record High at Rs 26.11 Trillion
Karachi, September 12, 2023 – Pakistan’s bank deposits have surged to a historic high, reaching Rs 26.11 trillion by the end of August 2023, as per data released by the State Bank of Pakistan (SBP) on Tuesday.
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RTO Karachi Launches FIR Against Mega Fake Sales Tax Invoice Scam Worth Rs 312 Billion
Karachi, September 12, 2023 – The Regional Tax Office (RTO) Karachi has taken a significant step in the fight against tax fraud by registering a First Information Report (FIR) to initiate formal legal proceedings against individuals involved in a massive fake sales tax invoice scam, which has led to a staggering loss of approximately Rs 312 billion to the national exchequer.
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