KARACHI: Total foreign investment into Pakistan has sharply declined by 112 per cent during eight months (July – February) of fiscal year 2022-2023, according to data released by the central bank.
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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’s current account deficit narrows by 313% in 8MFY23
KARACHI: Pakistan’s current account deficit narrowed by 313 per cent during first eight months (July – February) 2022/2023, official data revealed on Monday.
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Rupee plummets by PKR 2.32 against dollar amid inflow constraints
KARACHI: Pakistani rupee (PKR) plummeted by PKR 2.32 against the dollar on Monday owing to constraints in inflow of the foreign currency.
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Pakistan cuts petroleum prices under relief package
KARACHI: Pakistan on Sunday announced a major cut in petroleum for lower income group in order to provide relief in the wake of high inflation.
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Pakistan textile exports plunge by 30% in February 2023
KARACHI: Textile exports of Pakistan have plunged by 30 per cent in February 2023 owing to challenging economic scenario of the country.
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SBP revises interchange reimbursement fee for payment cards
KARACHI: State Bank of Pakistan (SBP) on Friday revised interchange reimbursement fee for cards issued in the country used on domestic point of sale (POS) terminals.
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Nisab of Zakat notified for deduction from bank accounts
Pakistan on Friday issued Nisab of Zakat for deduction at source in respect of deposits in bank accounts.
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Pakistan’s sensitive price inflation hits around 46%
ISLAMABAD, March 17, 2023 – Pakistan continues to grapple with soaring inflation, as the Sensitive Price Indicator (SPI) recorded a staggering year-on-year (YoY) increase of 45.64% by the week ending March 16, 2023, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
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FBR freezes bank accounts of leading businessmen, bankers for CVT recovery
KARACHI: Federal Board of Revenue (FBR) has attached bank accounts of leading businessmen and bankers of the country for recovery of capital value tax (CVT) on immovable properties abroad.
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Pakistan bans import of cars older than three years: IPO
Pakistan has banned import of cars older than three years under Import Policy Order (IPO), 2022. However, vehicles old up to five years can be imported under the policy.
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