Karachi, September 12, 2023 – The Pakistani Rupee (PKR) continued its impressive recovery for the fifth consecutive trading session against the US Dollar (USD) on Tuesday, following its historic low point on September 5, 2023.
(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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Mounting Concerns as Electricity Bills Reveal a Myriad of Taxes and Duties
Karachi, September 12, 2023 – The rising concern over inflated electricity prices has brought to light a myriad of duty and taxes, in addition to government charges, that are embedded within electricity bills, impacting the daily lives of consumers.
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SBP May Raise Benchmark Interest Rate to New High Amidst Inflation Woes
Karachi, September 12, 2023 – The State Bank of Pakistan (SBP) is likely to consider a substantial increase in the benchmark interest rate, potentially reaching a historic high above the current record of 22 percent.
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Dollar Slides to PKR 299 in Intraday Interbank Trading
Karachi, September 12, 2023 – The US dollar continued its downward trajectory against the Pakistani Rupee (PKR) on Tuesday, reaching PKR 299 in intraday interbank foreign exchange trading.
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Pakistan Sees Over 21% Decline in Workers’ Remittances in 2MFY24
Karachi, September 11, 2023 – Pakistan has witnessed a substantial decline in workers’ remittances, with inflows plummeting by over 21 percent during the first two months of fiscal year 2023-24.
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Pakistani Rupee Surges Against the Dollar, Ending at PKR 301.16
Karachi, September 11, 2023 – The Pakistani Rupee (PKR) demonstrated remarkable strength against the US dollar by closing at PKR 301.16 in the interbank foreign exchange market, marking the fourth consecutive session of appreciation.
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IRIS 2.0 Disables Taxpayers from Responding to Audit and Assessment Notices
Karachi, September 11, 2023 – A critical flaw within the digital tax infrastructure of IRIS 2.0 has come to light, causing a predicament for taxpayers who find themselves unable to effectively engage with audit and assessment notices.
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Record-Breaking 4.6 Million on ATL as FBR Intensifies Hunt for Potential Taxpayers
Karachi, September 11, 2023 – Pakistan’s Active Taxpayers List (ATL) has soared to a remarkable pinnacle, reaching a record-breaking 4.6 million individuals and entities.
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Dollar Plunges to PKR 301 in Early Day Interbank Trading on September 11
Karachi, September 11, 2023 – In a significant development, the US dollar plummeted to PKR 301 in early day trading on Monday at the interbank foreign exchange market. This marked a steep decline of PKR 1.95 in the dollar’s value from last Friday’s closing rate of PKR 302.95.
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Pakistan Cracks Down on Hawala and Hundi Operators, Arrests 59 Individuals
Karachi, September 10, 2023 – Pakistan has taken decisive action against individuals engaged in illegal currency operations, arresting approximately 59 people involved in the clandestine world of hawala and hundi. The arrests were announced by Caretaker Interior Minister Sarfaraz Ahmed Bugti during a press conference held on Sunday.
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