Karachi, September 8, 2023 – The Pakistani Rupee (PKR) witnessed a sharp and significant recovery against the US dollar in intraday trading on Friday, as authorities continued their relentless crackdown against currency smuggling and the black 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.
-
Tax System Digitization Underway as Part of Reforms: PM Kakar
Islamabad, September 7, 2023 – Caretaker Prime Minister Anwaar ul Haq Kakar has announced that Pakistan’s tax system is undergoing a digital transformation as part of the government’s tax reform efforts.
(more…) -
Pakistan Facilitates Conversion of Rs 5 Billion Worth Unregistered Prize Bonds
Karachi, September 8, 2023 – Pakistan has taken steps to facilitate its citizens in converting unregistered prize bonds worth approximately Rs 5 billion, with a deadline set for the end of June next year.
(more…) -
Pakistan Refutes Reports of Ban on Rs 5000 Banknote
Islamabad, September 7, 2023 – Pakistan has officially denied recent reports suggesting a ban on the Rs 5000 denomination banknote. The Ministry of Finance issued a statement on Thursday to address the circulating rumors and clarify the situation.
(more…) -
FBR Launches Aggressive Initiative to Combat Fake and Flying Invoices
Karachi, September 7, 2023 – The Federal Board of Revenue (FBR) has taken a decisive step to tackle the growing menace of fake and flying invoices, a practice that has been undermining government revenues and integrity in tax administration. This initiative, announced through Sales Tax General Order No. 12 of 2023, outlines a comprehensive plan to confront this issue head-on.
(more…) -
Gold Rates in Pakistan Witness Around 10% Decline in Four-Day Falling Streak
Karachi, September 7, 2023 – The downward trend in gold rates in Pakistan continued on Thursday, with the precious metal experiencing a significant drop of around 10 percent in value over the past four days.
(more…) -
Pakistani Rupee Makes Sharp Recovery to End at PKR 304.94 to the Dollar
Karachi, September 7, 2023 – In a surprising turn of events, the Pakistani Rupee (PKR) demonstrated a remarkable recovery against the US dollar today, closing at PKR 304.94 in the interbank foreign exchange market. This recovery represents a significant gain of PKR 2.04 in rupee value compared to the previous day’s closing rate of PKR 306.98.
(more…) -
FBR to Compensate Taxpayers with KIBOR+0.5% Interest for Delayed Income Tax Refunds
Karachi, September 7, 2023 – The Federal Board of Revenue (FBR) in Pakistan has introduced a policy to compensate taxpayers for delayed income tax refunds.
(more…) -
Pakistan Launches Ambitious Crackdown Against Electricity Theft
Islamabad, September 7, 2023 – Pakistan has announced a sweeping crackdown against electricity theft, aimed at improving revenue recovery and providing relief to the general public.
(more…) -
Caretaker Prime Minister Emphasizes Better Coordination for Tax Documentation
Islamabad, September 7, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar emphasized the need for enhanced coordination between the federal and provincial authorities in the realm of tax documentation.
(more…)