Karachi, August 18, 2023 – Pakistan’s current account deficit has shown a remarkable reduction of 36 percent in July 2023, as unveiled by data released by the State Bank of Pakistan (SBP) on Friday.
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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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Wheat Flour Price Soars by 132% in Agricultural Pakistan
Islamabad, August 18, 2023 – The cost of wheat flour, a staple food for the masses in Pakistan, has experienced an unprecedented surge of over 132%.
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Rupee Dips Sharply Against Dollar, Hits PKR 295.78 Mark in Interbank Trading
Karachi, August 18, 2023 – In a concerning development, the Pakistani Rupee (PKR) experienced a significant drop against the US Dollar, reaching a worrisome level of PKR 295.78.
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Pakistan’s Budget Deficit Narrows to 7.7% with 21% Surge in Expenditures in FY23
Islamabad, August 18, 2023 – Pakistan’s fiscal performance for the fiscal year 2022-23 was unveiled on Thursday, indicating a reduction in the budget deficit to 7.7 percent coupled with a notable increase in expenditures by more than 21 percent.
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Pakistan’s Foreign Exchange Reserves Inch Up to $13.38 Billion
Karachi, August 17, 2023 – Pakistan’s foreign exchange reserves have witnessed a slight increase, reaching $13.38 billion as of the week ending August 11, 2023, according to a statement released by the State Bank of Pakistan (SBP) on Thursday.
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Taxpayers Struggle with Sindh Sales Tax Return Compliance Amid Portal Dysfunction
Karachi, August 17, 2023 – Taxpayers in the Sindh province are encountering significant challenges in meeting compliance requirements for filing sales tax returns and making tax payments through the online portal of the Sindh Revenue Board (SRB).
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Pakistan Extends Rs30 Billion Tax Exemption to Foreigners on Profit from Debt
Karachi, August 17, 2023 – In a bid to attract foreign investment and bolster the economy, Pakistan has granted a significant income tax exemption exceeding Rs30 billion to foreign entities for profits generated from debt during the fiscal year 2022-23.
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Pakistan Unveils Comprehensive Income Categories for Precise Taxation
Karachi, August 17, 2023 – The Federal Board of Revenue (FBR), Pakistan’s foremost tax authority, has unveiled the distinct categories of income for taxation purposes during the fiscal year 2023-24.
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FBR Announces Mandatory Tax Return Filing Categories for 2023
Karachi, August 17, 2023 – The Federal Board of Revenue (FBR) has taken a significant step by outlining the categories of individuals who are required to file their annual income tax returns for the tax year 2023.
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Pakistani Rupee Nears Record Low, Plunges to PKR 294.93 Against US Dollar
Karachi, August 16, 2023 – The Pakistan rupee took a steep dive, reaching an alarming level of PKR 294.93 against the US dollar in today’s interbank foreign exchange market.
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