Islamabad, July 26, 2023 – The Federal Board of Revenue (FBR) has recently updated the tax rates for salaried individuals for 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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Government May Amaze Citizens in Last Revision of Petroleum Prices Ahead of Tenure Completion
Islamabad, July 26, 2023 – The Pakistani government is gearing up to announce the last revision of petroleum prices on July 31, 2023, just days before the present legislative assembly completes its tenure on August 12, 2023.
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State Bank of Pakistan Issues New Instructions on Import of Cash US Dollars
Karachi, July 26, 2023 – The State Bank of Pakistan (SBP) has recently issued a set of comprehensive instructions regarding the import of cash US dollars through cargo or security companies.
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Private Sector Loans Nose-Dive 87% in FY23 Due to High Interest Rates and Slowdown
Karachi, July 25, 2023 – Pakistan’s private sector has been hit hard by the economic slowdown and high interest rates, as bank loans plummeted by a staggering 87 percent in the fiscal year 2022-2023, according to data released by the State Bank of Pakistan (SBP) on Tuesday.
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Rupee Continues to Decline, Hits Eighth Straight Loss Against Dollar, Plunges to PKR 288.52
Karachi, July 25, 2023: The Pakistani Rupee (PKR) has experienced its eighth consecutive loss against the US dollar on Tuesday, driven by an increase in demand for import payments.
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Updated Definition of Tier-1 Retailers for Tax Year 2023-24 in Pakistan
As the tax landscape evolves, tax authorities in Pakistan have recently issued an updated definition of Tier-1 retailers for the Tax Year 2023-24.
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Pakistan’s Active Taxpayers Skyrocket to 4.22 Million After Bold Cash Withdrawal Move
Islamabad, July 25, 2023 – Pakistan’s Active Taxpayers List (ATL) has achieved a significant milestone, now boasting 4.22 million active taxpayers. This notable growth occurred following the implementation of cash withdrawal conditions on July 1, 2023.
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ECC Approves Retail Prices of 25 New Drugs in Pakistan
Islamabad, July 25, 2023 – The Economic Coordination Committee (ECC) of Pakistan, in a recent cabinet committee meeting chaired by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar, has given the green light for the fixation of Maximum Retail Prices (MRPs) of 25 new drugs. This decision is expected to impact the pharmaceutical industry and consumers alike.
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Pakistan Stocks Hit 15-Month High, Ending at 46,055 Points Amid Bull Run
Karachi, July 24, 2023 – The Pakistan stocks witnessed a significant surge on Monday as the benchmark KSE-100 index of Pakistan Stock Exchange (PSX) reached a 15-month high, closing at 46,055 points.
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Rupee in Freefall: Pakistani Currency’s 7-Day Losing Streak Against Dollar Continues
Karachi, July 24, 2023 – The Pakistani Rupee (PKR) has endured another significant decline, falling by PKR 1.11 against the US dollar during its ongoing 7-day losing streak.
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