Karachi, August 16, 2023 – The US dollar has gained more value compared to the Pakistani Rupee today. At midday, the dollar was worth PKR 293.50 in the interbank foreign exchange market. This change happened quickly and surprised many.
(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.
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Philip Morris Pakistan’s Profits Plummet by 76% in First Half of 2023
Karachi, August 16, 2023 – Philip Morris Pakistan Limited, an international company known for making cigarettes, has experienced a significant drop of 76 percent in its profits for the first half of this year, which ended on June 30, 2023.
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FBR Eases Rules for Property Sellers under Section 7E
Karachi, August 16, 2023 – The Federal Board of Revenue (FBR) has announced a relaxation in the conditions governing Section 7E of the Income Tax Ordinance, 2001, specifically aimed at sellers of immovable property.
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Interim Government Sends Shockwaves with Massive Hike in Petroleum Prices
Islamabad, August 16, 2023 – The interim government of Pakistan sent shockwaves through the nation on Tuesday night as it unveiled a significant surge in petroleum prices, exacerbating the plight of the already struggling lower-income segments grappling with soaring inflation.
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Big Jump: 4.38 Million Pakistani Citizens Join Active Taxpayers List
Islamabad, August 15, 2023 – In Pakistan, there has been a substantial surge in enrollment in the Active Taxpayers List (ATL), with the number of participants reaching 4.38 million.
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Pakistani Rupee Plunges to PKR 291.51 Against Dollar on First Day of Interim Government
Karachi, August 15, 2023 – The Pakistani Rupee (PKR) faced a significant setback on Tuesday as it tumbled to PKR 291.51 against the US Dollar on the inaugural day of the new interim government’s tenure.
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FBR Keeps an Eye on Cash Withdrawals from Banks to Expand Tax Base
Karachi, August 15, 2023 – The Federal Board of Revenue (FBR) has begun monitoring citizens who are withdrawing large amounts of cash from banks, as part of efforts to increase the number of taxpayers in the country.
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Pakistan Celebrates 76th Independence Day with Passion
Karachi, August 14, 2023: Pakistan celebrated its 76th Independence Day with great passion and enthusiasm on Monday. The nation came together to honor the struggles of its forefathers and national heroes in the journey to establish a separate homeland.
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FBR Introduces Mandatory Verification Form for Property Sellers Under Section 7E
Karachi, August 14, 2023 – The Federal Board of Revenue (FBR) has unveiled a significant measure for property transactions, issuing a new verification form under Section 7E of the Income Tax Ordinance, 2001.
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Tenure Extended to Two Years for Office Bearers of Trade Bodies
Islamabad, August 13, 2023 – In a significant move, the government of Pakistan has taken a step to provide stability and continuity in the leadership of trade bodies by extending the tenure of office bearers and members of executive committees.
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