Federal Tax Ombudsman (FTO) has recommended tax authorities to launch probe under Anti-Benami law against Summit Bank while disposing of a case lodged by a top official of Omni Group.
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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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SBP’s forex reserves rise more than one month import cover
KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) have been increased to a level for providing more than one month import cover, according to official data released on Thursday.
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Rupee witnesses big fall against dollar to end PKR 282.30 in interbank
KARACHI: Pakistani Rupee (PKR) recorded a big fall against the dollar on Thursday and ended at PKR 282.30 in the interbank foreign exchange market.
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Pakistan car sales likely to drop 14-year low in February 2023
Volume of car sales in Pakistan for February 2023 may drop to 4.4 units, down by 53 per cent month on month (MoM), hitting 14-year low, said analysts at JS Global on Thursday.
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FBR issues list of luxury imported, local goods for imposing 25% sales tax
The Federal Board of Revenue (FBR) in Pakistan issued a comprehensive list on Wednesday, March 8, 2023, outlining the imposition of a 25% sales tax on both imported and locally produced luxury goods.
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Dollar jumps to PKR 279.12 in interbank foreign exchange market
KARACHI: US Dollar on Wednesday jumped against the Pakistan Rupee (PKR) to reach PKR 279.12 in interbank foreign exchange market.
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Pakistan’s external debt surges by 38% on massive PKR devaluation during one year
KARACHI: Pakistan’s external debt sharply increased by 38 per cent to PKR 20.69 trillion by end of January 2023 when compared with the debt a year ago, according to data released by the central bank on Tuesday.
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FBR updates Sales Tax Act incorporating new rates of 18% and 25%
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued updated Sales Tax Act, 1990 incorporating new sales tax rates of 18 per cent and 25 per cent.
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Pakistan Islamic banks stick to KIBOR – interest based benchmark
KARACHI: Pakistan Islamic banks are stick to Karachi Interbank Offered Rate (KIBOR) – an interest based benchmark.
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FBR to make recovery from jewelers, real estate agents in money laundering cases
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued rules to make recovery from jewelers and real estate agents under money laundering cases.
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