Pakistan on Sunday announced a reduction in prices of petroleum products for the first half of May 01, 2023, following a considerable decline in international oil prices.
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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 economy still struggling with high inflation, economic slowdown
Pakistan’s economy is still facing significant challenges, with high inflation and a slowdown in economic activity. Persisting risks to the fiscal side are consequent to below the target set for the first nine months of the current fiscal year.
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Gold rates in Pakistan soar to all-time high on April 29, 2023
On April 29, 2023, the gold rates in Pakistan soared to an all-time high due to a significant surge in international gold rates.
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Pakistan likely to slash petroleum prices from May 01, 2023
Pakistan is expected to reduce petroleum prices for the first half of May 2023, as international oil prices have declined and the exchange rate has remained stagnant during the ongoing fortnight.
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Pakistan mulls relaxing disclosure limit of foreign exchange in local currency
Pakistan is likely to relax the limit to disclose foreign exchange in local currency under tax laws after experiencing a significant depreciation in the local currency over the past few years.
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Headline inflation in Pakistan to hit historic high at 36.5% in April 2023
Headline inflation in Pakistan is set to reach a historic high of 36.5% in April 2023, according to analysts at Arif Habib Limited on Friday.
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FBR imposes additional tax liability on Meezan Bank
KARACHI: Federal Board of Revenue (FBR) has imposed additional tax liability on Meezan Bank Limited by making changes to deemed assessment order, sources said on Friday.
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SBP imposes Rs14.61 million monetary penalty on National Bank
The State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs14.61 million on the National Bank of Pakistan (NBP) for violating various regulatory provisions during the first quarter of the calendar year 2023.
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Restrictions in Pakistan cause 82% plunge in profit, dividend repatriation by MNCs
The repatriation of profit and dividends by multinational companies (MNCs) operating in Pakistan has witnessed a significant decline due to restrictions imposed by the country.
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Foreign investors urge Pakistan to adopt cryptocurrencies
Foreign investors are urging Pakistan to adopt cryptocurrencies and develop a national strategy to promote their use, according to a report released on April 27, 2023 by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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