Karachi, July 20, 2023 – The State Bank of Pakistan (SBP) has made a commitment not to introduce new refinancing schemes, according to the latest country report on Pakistan issued by the International Monetary Fund (IMF).
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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Pakistan Rules Out Additional Tax on Agriculture Income
Islamabad, July 19, 2023: Coordinator to Prime Minister on Economy and Energy, Bilal Azhar Kayani, categorically stated on Wednesday that the government has no intentions of imposing additional taxes on the income of the agriculture sector.
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Pakistani Rupee Continues to Depreciate Against Dollar; Ends at PKR 283.80
Karachi, July 19, 2023 – The Pakistani Rupee (PKR) experienced yet another fall against the US dollar on Wednesday, closing at PKR 283.80 in the interbank foreign exchange market.
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UBL Reports Over Fourfold Surge in Quarterly Net Profit
Karachi, July 19, 2023 – United Bank Limited (UBL), one of Pakistan’s largest banks, has witnessed a remarkable over fourfold surge in net profit for the quarter ending June 30, 2023.
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Pakistan Plans New Trading Platform for Spot Transactions
Karachi, July 19, 2023 – Pakistan is set to establish a new trading platform for spot exchange rate transactions, as part of its commitment to the International Monetary Fund (IMF).
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FBR Obliged to Share Large Taxpayers’ Data with IMF
Karachi, July 19, 2023 – The Federal Board of Revenue (FBR) in Pakistan is mandated to share data on the total number of large taxpayers in the country with the International Monetary Fund (IMF).
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IMF Warns of Exceptionally High Economic Risks in Pakistan
Karachi, July 18, 2023 – International Monetary Fund (IMF) issued a warning on Tuesday, stating that Pakistan faces complex and multifaceted economic challenges, with risks that are exceptionally high.
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Foreign Direct Investment Plunges by 25% in Pakistan During FY23
Karachi, July 18, 2023 – Pakistan has experienced a significant decline of 25% in Foreign Direct Investment (FDI) during the fiscal year 2022-23, as revealed by data released by the State Bank of Pakistan (SBP) on Tuesday.
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Rupee Witnesses Significant Devaluation Against US Dollar, Plummeting to PKR 283.04
Karachi, July 18, 2023 – In a notable turn of events, the Pakistani Rupee (PKR) experienced a significant devaluation against the US dollar, reaching a new low of PKR 283.04 in the interbank foreign exchange market on Tuesday.
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Pakistan’s Current Account Deficit Narrows Sharply by 85% to $2.56 Billion
Karachi, July 18, 2023 – Pakistan has made significant progress in reducing its current account deficit, which stood at $2.56 billion for the fiscal year 2022-23. This represents a substantial 85% decrease compared to the previous fiscal year.
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