Islamabad, August 1, 2023 – Pakistan has dealt a blow to its citizens by unexpectedly raising petroleum prices as of today. The Finance Minister, Ishaq Dar, announced an immediate increase in the prices of petrol and high-speed diesel (HSD) by Rs 19.95 and Rs 19.90 per liter, respectively.
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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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Pakistan and China Celebrate Completion of 10 Years of CPEC, Pledge Continued Cooperation
Islamabad, August 1, 2023 – A special ceremony was held on Monday, July 31, 2023, in Islamabad to mark the momentous occasion of the completion of the first decade of the China Pakistan Economic Corridor (CPEC). High-level leadership from both Pakistan and China graced the event, demonstrating the significance of this milestone in bilateral cooperation.
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From Non-Filers to Active Taxpayers: Pakistan’s ATL Hits 4.26 Million High
Pakistan witnessed significant increase in Active Taxpayers with over 40,000 income tax returns filed in a single week, to high high of 4.26 million.
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SBP Keeps Benchmark Policy Rate Unchanged at 22% Amid Easing Economic Uncertainties
Karachi, July 31, 2023 – The State Bank of Pakistan (SBP) has announced its decision to maintain the benchmark policy rate at 22 percent, citing a decrease in economic uncertainties.
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Super Tax Implemented on Stock Investors by NCCPL
Karachi, July 31, 2023 – The National Clearing Company of Pakistan (NCCPL) has issued a notification regarding the collection of super tax from investors in the stock market.
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FBR Issues Updated Tax Law for Treatment of Black Money in Pakistan
Islamabad, July 31, 2023 – The Federal Board of Revenue (FBR) has recently released an updated tax law aimed at addressing the issue of black money and unexplained funds in Pakistan.
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Dar Pledges to Boost Pakistan’s Foreign Exchange Reserves to $15 Billion in 7 Weeks
Islamabad, July 31, 2023 – Pakistan’s Finance Minister, Muhammad Ishaq Dar, announced on Sunday his commitment to raise the nation’s foreign exchange reserves from $14 billion to $15 billion within the next seven weeks.
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FBR Implements New Tax Rates on Sale and Purchase of Immovable Property
Karachi, July 29, 2023 – The Federal Board of Revenue (FBR) has recently put into effect new tax rates on the sales and purchase of immovable properties across the country.
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Pakistan Announces 400% Increase in Tax on Payment through Debit/Credit Card
Karachi, July 29, 2023 – In a bid to curb the outflow of dollars and bolster its foreign exchange reserves, Pakistan has taken a significant step by announcing a whopping 400 percent increase in taxes on payments made through debit or credit cards.
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PM Shehbaz Sharif Calls for Standing Against Tyranny on Ashura
Islamabad, July 29, 2023 – On the solemn occasion of Youm-e-Ashura, Prime Minister Shehbaz Sharif delivered a poignant message, emphasizing that the sacrifice of Imam Hussain (RA) serves as a timeless reminder for Muslims to uphold unwavering faith, piety, and the fight for justice.
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