KARACHI: State Bank of Pakistan (SBP) on Tuesday said that banks will remain closed on March 24, 2023 for public dealing due to deduction Zakat.
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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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Tax elimination, high interest rate make banking system heaven for investment
KARACHI: Elimination of tax on transactions and high interest rates have made banking system a heaven for investment.
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Foreign investment into Pakistan sharply decline by 112% in 8MFY23
KARACHI: Total foreign investment into Pakistan has sharply declined by 112 per cent during eight months (July – February) of fiscal year 2022-2023, according to data released by the central bank.
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Pakistan’s current account deficit narrows by 313% in 8MFY23
KARACHI: Pakistan’s current account deficit narrowed by 313 per cent during first eight months (July – February) 2022/2023, official data revealed on Monday.
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Rupee plummets by PKR 2.32 against dollar amid inflow constraints
KARACHI: Pakistani rupee (PKR) plummeted by PKR 2.32 against the dollar on Monday owing to constraints in inflow of the foreign currency.
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Pakistan cuts petroleum prices under relief package
KARACHI: Pakistan on Sunday announced a major cut in petroleum for lower income group in order to provide relief in the wake of high inflation.
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Pakistan textile exports plunge by 30% in February 2023
KARACHI: Textile exports of Pakistan have plunged by 30 per cent in February 2023 owing to challenging economic scenario of the country.
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SBP revises interchange reimbursement fee for payment cards
KARACHI: State Bank of Pakistan (SBP) on Friday revised interchange reimbursement fee for cards issued in the country used on domestic point of sale (POS) terminals.
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Nisab of Zakat notified for deduction from bank accounts
Pakistan on Friday issued Nisab of Zakat for deduction at source in respect of deposits in bank accounts.
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Pakistan’s sensitive price inflation hits around 46%
ISLAMABAD, March 17, 2023 – Pakistan continues to grapple with soaring inflation, as the Sensitive Price Indicator (SPI) recorded a staggering year-on-year (YoY) increase of 45.64% by the week ending March 16, 2023, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
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