Karachi, August 25, 2023 – The Federal Board of Revenue (FBR) has taken legal action against Faysal Bank Limited concerning a tax dispute related to the taxability of gains on a bargain purchase.
(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.
-
Pakistani Rupee Hits All-Time Low at PKR 301 to Dollar in Interbank Market Closing
Karachi, August 25, 2023 – The Pakistani Rupee (PKR) hit an unprecedented low on Friday, closing at PKR 301 against the US dollar in the interbank foreign exchange market. This significant drop marks a 78 paisa depreciation in the rupee’s value compared to the previous day’s closing rate of PKR 300.22.
(more…) -
Three Customs Officials Dismissed Over Involvement in Mega Clearance Scam
Karachi, August 25, 2023 – In a significant development, the Federal Board of Revenue (FBR) has taken decisive action against corruption within its ranks by dismissing three customs officials for their involvement in a major clearance scam.
(more…) -
Pak Suzuki Motor Records Staggering Loss of Rs 9.67 Billion in First Half of 2023
Karachi, August 25, 2023 – In a stark reflection of the challenges plaguing the automotive industry in Pakistan, Pak Suzuki Motor Company Limited announced a colossal loss of Rs 9.67 billion for the first half of 2023.
(more…) -
Free-fall in Rupee Continues, Reaching Fresh Low Against Dollar in Intraday Trading
Karachi, August 25, 2023 – The Pakistani Rupee (PKR) continued its downward spiral on Friday, making a fresh historic low against the US dollar.
(more…) -
Foreign Exchange Reserves of Pakistan Decline by $131 Million: Central Bank
Karachi, August 24, 2023 – The State Bank of Pakistan (SBP) reported a significant decrease in Pakistan’s foreign exchange reserves, citing a decline of $131 million for the week ending August 18, 2023.
(more…) -
US Dollar Makes Historic High at PKR 300.22 in Interbank Closing
Karachi, August 24, 2023 – The US dollar achieved a historic milestone on Thursday, breaching the PKR 300-mark for the first time in Pakistan’s history at the close of the Interbank foreign exchange market.
(more…) -
FBR to Treat Speculation Business Separately for Tax Imposition
Karachi, August 24, 2023 – In a significant development, the Federal Board of Revenue (FBR) has announced that it will now treat speculation business as a distinct entity for tax purposes.
(more…) -
Pakistan Will Stand Firm Against Extremism, Declares Caretaker Prime Minister Kakar
Karachi, August 23, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar has delivered a resolute message, affirming that Pakistan will not yield to radicalization, extremism, or intolerance under any circumstances.
(more…) -
US Dollar Nears PKR 300 Mark in Interbank Trading, a Historic High for Pakistan
Karachi, August 23, 2023 – In a startling development, the US dollar has nearly reached the unprecedented level of Pakistani Rupees (PKR) 300 during intraday trading at the interbank foreign exchange market on Wednesday.
(more…)