Karachi, the port city of Pakistan, has contributed over 84 per cent of customs duty collected at national level during fiscal year 2021-2022, official documents revealed.
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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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Rupee falls to PKR 228.14 against dollar in interbank foreign exchange market
KARACHI: Pakistani Rupee (PKR) has declined to 228.14 against the dollar on Thursday in interbank foreign exchange market.
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Accessing foreign currency accounts not under consideration: Dar
ISLAMABAD: Finance Minister Ishaq Dar Wednesday said that the government was not considering to access foreign currency accounts of depositors because these are property of the citizens.
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Pakistan car sales drop in 1HFY23 amid halt in production
KARACHI: Pakistan car sales have dropped by 38 per cent during first half of the current fiscal year 2022-2023 due to non-production days due to shortage of raw material because of import restrictions.
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Dollar rises to PKR 227.93 in interbank foreign exchange market
KARACHI: On Wednesday, the US dollar strengthened against the Pakistani rupee, reaching PKR 227.93 in the interbank foreign exchange market.
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High inflation may compel SBP to further raise interest rate to 18pc: analysts
KARACHI: State Bank of Pakistan (SBP) may further raise benchmark interest rate by 2 per cent to 18 per cent from existing 16 per cent during next six months owing to high inflation, analysts said on Tuesday.
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FBR issues list of 60 retailers for mandatory tax integration
ISLAMABAD: Federal Board of Revenue (FBR) Tuesday issued a list of 60 big retailers for a mandatory integration under sales tax laws.
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Rupee falls for 27th session to PKR 227.88 against dollar
KARACHI: Pakistani Rupee (PKR) continued a non-stop decline for last 27 sessions against the dollar owing to challenging economic situation.
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Mari Petroleum announces gas discovery in Sindh province
KARACHI: Mari Petroleum Company Limited (MPCL) on Monday announced gas discover in Sindh province.
In a communication sent to Pakistan Stock Exchange (PSX), the company said it had made a gas discovery at its exploratory well Mari Ghazij-1, located in Mari D&PL in Sindh Province.
MPCL is the Operator of Mari D&PL with 100 per cent working interest.
The well was spud-in on November 24, 2022 and successfully drilled down to the depth of 1,015 meters.
The gas flow rate established through Drill Stem Test (DST) is 5.1 Million Standard Cubic Feet Per Day (MMSCFD) with Wellhead Flowing Pressure (WHFP) of232 Pounds Per Square Inch (Psi) at 64/64 inch choke size.
The company plans to appraise the discovery to prove its extent and, in parallel, evaluate its development options.
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Pakistani bank penalized for frivolous litigation
ISLAMABAD: A Pakistani commercial bank has been penalized by the country’s president for filing frivolous representation.
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