ISLAMABAD: The federal cabinet on Tuesday approved the Finance Supplementary Bill 2023 allowing increase in general sales tax to 18 per cent and additional taxes on luxury items as part of the reforms related to the International Monetary Fund’s Ninth Review.
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Mini budget to be presented before parliament today
In order to comply with IMF conditions, Pakistan government will present a supplementary finance bill or mini budget before the parliament (today) on February 15, 2023 for the approval.
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Pakistan announces massive increase in excise duty on cigarettes
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday announced massive increase in federal excise duty on sales of cigarettes.
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Pakistan set to announce mini budget; sales tax rate may rise to 18pc
Pakistan is gearing up to announce a mini budget that aims to generate an additional Rs200 billion in revenue.
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Rupee recovers sharply against dollar amid falling foreign inflows
KARACHI: Pakistani Rupee (PKR) made sharp recovery against the dollar on Tuesday despite significant fall in foreign inflows.
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Revision in petroleum prices on Feb 15 amid steep fall in PKR to dollar
Pakistan is scheduled to review price revision of petroleum products on February 15, 2023 amid steep fall in Pakistani Rupee (PKR) against the dollar during last fortnight.
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SBP decides action against exporters for delayed proceeds
KARACHI: State Bank of Pakistan (SBP) on Monday decided to initiate action against exporters for delay in realization of export proceeds.
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Pakistan approves sharp increase in gas prices for IMF bailout package
Pakistan on Monday approved massive increase in natural gas prices ahead of final round of talks with the International Monetary Fund (IMF).
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Pakistan car sales plunge by 47pc in January due to high prices
Pakistan car sales plunge by 47 per cent year on year (YoY) in January 2023 due to high prices and expensive auto financing, analysts said on Monday.
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Foreign remittances into Pakistan decline by 11pc during July – January
KARACHI: Inflows of foreign remittances into Pakistan have declined by 11 per cent during first seven months (July – January) of fiscal year 2022-2023, the central bank said on Monday.
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