Karachi, August 2, 2023 – The Federal Board of Revenue (FBR) has released the withholding tax rates for the import of goods during the tax year 2023-24.
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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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Domestic Sales of High-Speed Diesel Falls by 9% Due to Smuggling of Iranian Oil
Karachi, August 2, 2023 – Domestic sales of high-speed diesel (HSD) in Pakistan have experienced a sharp decline of 9 percent in July 2023, primarily attributed to the rampant smuggling of Iranian oil into the country, according to analysts at Topline Securities.
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FBR Introduces Tracking and Monitoring of Cargo Rules, 2023 to Enhance Trade Security
Islamabad, August 2, 2023 – In an effort to bolster security and ensure transparency in trade, the Federal Board of Revenue (FBR) of Pakistan has notified the Tracking and Monitoring of Cargo Rules, 2023.
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KSE-100 Index Makes Historical 10 Consecutive Positive Trading Sessions
Karachi, August 2, 2023 – The Pakistan Stock Exchange (PSX) witnessed a significant milestone as the benchmark KSE-100 index completed a remarkable run of 10 consecutive historical positive trading sessions.
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MCB Bank Achieves Historic 150% Profit Growth in 1HCY23
Karachi, August 2, 2023 – MCB Bank, one of the largest banks in Pakistan, stunned investors by announcing an exceptional financial performance with a remarkable 150 percent growth in profit after tax (PAT) for the first half of the calendar year 2023.
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PKR Falls for Third Straight Day Against Dollar, Ends at PKR 289.38
Karachi, August 2, 2023 – The Pakistani Rupee (PKR) experienced a decline against the US dollar for the third consecutive day, closing at PKR 289.38 in the interbank foreign exchange market on Wednesday.
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Pakistan and Barrick Gold Seal Historic Agreement for Reko Diq Project Earnings in PKR
Islamabad, August 2, 2023 – In a significant development for the Reko Diq project, Pakistan and the Barrick Gold Corporation have reached an agreement to pay the government’s share in Pakistani rupees (PKR) for the investment in the project.
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PM Sharif Defends Massive Hike in Petroleum Prices
Islamabad, August 1, 2023: Prime Minister Shehbaz Sharif on Tuesday said that the surge in the international market compelled the government to raise petroleum prices with a heavy heart.
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Inflation Spikes: Pakistan Grapples with 28.3% Surge in July
Islamabad, August 1, 2023 – The headline inflation in Pakistan witnessed a significant increase, reaching 28.3 percent in July 2023, based on the Consumer Price Index (CPI) year-on-year comparison.
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Tax Filing Nightmares: KTBA Reveals Critical Errors in 2023 Return Forms
Karachi, August 1, 2023: The Karachi Tax Bar Association (KTBA) on Tuesday brought to light critical errors and mistakes present in the income tax return forms for the tax year 2023.
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