Karachi, August 31, 2023 – The Federal Board of Revenue (FBR) has officially registered a complaint against senior officials of Pakistan International Airlines (PIA) for alleged misappropriation of government funds, sources said on Thursday.
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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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US Dollar Soars to New Record High of PKR 305.25 in Intraday Trading
Karachi, August 31, 2023 – The relentless ascent of the US dollar against the Pakistani Rupee (PKR) reached a new peak on Thursday, with the exchange rate surging to an unprecedented high of PKR 305.25 during intraday trading.
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FBR Chairman to Address Taxation Concerns on Electricity Bills in Meeting with Karachi Traders
Karachi, August 30, 2023 – In an effort to alleviate mounting tensions sparked by exorbitant electricity bills, Malik Amjaz Zubair Tiwana, the Chairman of the Federal Board of Revenue (FBR), is set to convene a pivotal meeting with traders in Karachi on September 1, 2023, according to official sources.
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Rupee Freefall Continues: Hits New Record Low at PKR 304.45 Against the Dollar
Karachi, August 30, 2023 – The Pakistani Rupee (PKR) continues its freefall against the US dollar, hitting a new low at PKR 304.45 on Wednesday.
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Flaws Detected in Assessment and Valuation of Mobile Phones
Karachi, August 30, 2023 – The Federal Tax Ombudsman (FTO) has issued a directive to customs authorities, urging them to rectify significant flaws in the assessment and valuation process of mobile phones.
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Pakistani Banks Report Remarkable Tripled Profitability in 2Q2023
Karachi, August 30, 2023 – Pakistan’s commercial banking sector has achieved an extraordinary three-fold increase in profitability during the second quarter of 2023.
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FBR Announces Income Tax Payment By Retailers Through Electricity Bills
Karachi, August 30, 2023 – The Federal Board of Revenue (FBR) has announced a new method for retailers to pay their income tax through their monthly electricity bills.
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FPCCI Demands Tax Exemption on Electricity Bills to Relieve Masses
Karachi, August 29, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for immediate sales tax exemptions on electricity bills to alleviate the financial burden on the public.
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Rupee Depreciation Continues for 8th Straight Day; Hits New Low at PKR 303.05 to Dollar
Karachi, August 29, 2023 – The Pakistani Rupee (PKR) has continued its relentless decline against the US dollar for the eighth consecutive day, setting a new all-time low at PKR 303.05 in the interbank foreign exchange market.
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Federal Cabinet Set to Announce Relief in Inflated Electricity Bills
Islamabad, August 28, 2023 – The federal cabinet of Pakistan’s caretaker government is poised to take action to alleviate the burden of inflated electricity bills in a meeting scheduled for August 29, 2023.
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