Karachi, September 1, 2023 – The Federal Board of Revenue (FBR) has reaffirmed its commitment to ease the tax burden on electricity bills, addressing the concerns of the business community in Karachi and fostering a cooperative relationship with traders.
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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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Sindh Revenue Board Achieves Unprecedented 49% Collection Growth in 2MFY24
Karachi, September 1, 2023 – The Sindh Revenue Board (SRB) has achieved a remarkable 49% growth in revenue collection during the first two months of the fiscal year 2023-24, showcasing its commitment to fiscal excellence even in challenging economic times.
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FBR Imposes 4% Further Tax on Electricity Bills for Inactive Taxpayers
Karachi, September 1, 2023 – The Federal Board of Revenue (FBR) has initiated the collection of a further tax at a rate of four percent on electricity bills for individuals who are not listed in the active taxpayers list (ATL), as per an official document.
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Next Monetary Policy Meeting Confirmed for September 14: SBP
Karachi, September 1, 2023 – The State Bank of Pakistan (SBP) has officially dismissed rumors of an unscheduled monetary policy committee (MPC) meeting and reaffirmed that the next review of interest rates will take place on September 14, 2023.
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Pakistan Increases Petrol to Rs 305.36 Per Liter and Diesel 313.84 from Sept 1
Islamabad, August 31, 2023: Pakistan has made an announcement on Thursday regarding a substantial increase in petroleum prices, set to take effect from September 1, 2023. In its bi-weekly review, the government has adjusted the petrol rate to Rs 305.36 per liter and raised the diesel price to Rs 313.84 per liter.
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Government to Address Inflated Electricity Bills Issue in Next 48 Hours: PM Kakar
Islamabad, August 31, 2023: Prime Minister Anwaar-Haq Kakar reassured the public on Thursday that the government is actively addressing the issue of inflated electricity bills and will present a solution within the next 48 hours.
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FBR Surpasses August Collection Target Despite Challenges
Islamabad, August 31, 2023 – The Federal Board of Revenue (FBR) has defied the odds and delivered a commendable performance in achieving its revenue target for August 2023.
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Pakistan Equities Plunge by 1,242 Points on Record-Breaking Rupee Slide
Karachi, August 31, 2023 – Pakistan’s equities faced a sharp decline on Thursday, plummeting by 1,242 points, in the midst of a record-breaking slide in the value of the Pakistani Rupee (PKR) against the US dollar.
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Pakistani Rupee Hits New Low at PKR 305.54 Against the Dollar in Persistent Slide
Karachi, August 31, 2023 – The Pakistani Rupee (PKR) reached a fresh low at PKR 305.54 against the US Dollar on Thursday in interbank foreign exchange market, marking its relentless descent over a ten-day period.
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NBP Penalized for Regulatory Violations at Domestic and Overseas Branches
Karachi, August 31, 2023 – The National Bank of Pakistan (NBP), the country’s largest public sector financial institution, has incurred penalties for regulatory violations at both its domestic and overseas branches, as confirmed by official documents.
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