Pakistan is likely to relax the limit to disclose foreign exchange in local currency under tax laws after experiencing a significant depreciation in the local currency over the past few years.
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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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Headline inflation in Pakistan to hit historic high at 36.5% in April 2023
Headline inflation in Pakistan is set to reach a historic high of 36.5% in April 2023, according to analysts at Arif Habib Limited on Friday.
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FBR imposes additional tax liability on Meezan Bank
KARACHI: Federal Board of Revenue (FBR) has imposed additional tax liability on Meezan Bank Limited by making changes to deemed assessment order, sources said on Friday.
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SBP imposes Rs14.61 million monetary penalty on National Bank
The State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs14.61 million on the National Bank of Pakistan (NBP) for violating various regulatory provisions during the first quarter of the calendar year 2023.
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Restrictions in Pakistan cause 82% plunge in profit, dividend repatriation by MNCs
The repatriation of profit and dividends by multinational companies (MNCs) operating in Pakistan has witnessed a significant decline due to restrictions imposed by the country.
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Foreign investors urge Pakistan to adopt cryptocurrencies
Foreign investors are urging Pakistan to adopt cryptocurrencies and develop a national strategy to promote their use, according to a report released on April 27, 2023 by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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Pakistan’s foreign exchange reserves improve to over $10 billion: SBP
Pakistan’s foreign exchange reserves have improved to over $10 billion by the week ended April 20, 2023, according to the State Bank of Pakistan (SBP).
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Unlocking foreign flows critical for Pakistan: PSX
On April 27, 2023, a report stated that Pakistan’s economy is facing critical challenges that require urgent solutions. To address these challenges, the country must unlock foreign flows, which are crucial for its economic stability.
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Pakistan implements strict screening to prevent Monkeypox
In response to the detection of Monkeypox in the country, Pakistan on Wednesday implemented stricter screening measures for all inbound passengers.
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Pakistan customs to collect duty, taxes on Saturday-Sunday
The Federal Board of Revenue (FBR) has directed all the collectorates of Pakistan Customs to observe extended working days on Saturday and Sunday.
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