The Federal Board of Revenue (FBR) Wednesday announced a significant reshuffle of officers within the Inland Revenue Service (IRS) at a time when the board is taking extensive action against wealthy taxpayers who are defaulting on their taxes.
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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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Pakistan nears to provide low-priced petrol
KARACHI: Pakistan has prepared working for provide low-priced petrol to lower-income group of the society, a minister said on Wednesday.
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Rupee hits fresh low at PKR 287.85 to dollar amid IMF inflow uncertainty
Amid uncertainty surrounding inflows from the International Monetary Fund (IMF), the Pakistani Rupee (PKR) hit a new record low of PKR 287.85 to the dollar on Wednesday.
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FBR plans increasing CGT rates, period on immovable properties
Federal Board of Revenue (FBR) is planning to increase capital gains tax (CGT) rates and period on immovable properties in order to discourage short-term buying and selling.
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World Bank paints bleak economic outlook for Pakistan; projects growth at 0.4%
The World Bank has painted a bleak economic outlook for Pakistan for the fiscal year 2023, with several factors contributing to the expected slow growth of only 0.4 percent.
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PM directs installing track, trace system at all cigarette manufacturing units
Prime Minister Muhammad Shehbaz Sharif has directed for the installation of a trace and track system in all cigarette manufacturing units of the country within the next two weeks to combat tax evasion.
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SBP raises benchmark rate to 21% amid inflationary concerns
During its meeting on Tuesday, the Monetary Policy Committee (MPC) announced to raise the benchmark policy rate by 100 basis points to 21 percent.
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Rupee crashes to historic low at PKR 287.29 against dollar
On Tuesday, the Pakistani Rupee (PKR) hit a historic low of PKR 287.29 to the US dollar in the interbank foreign exchange market.
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Retail petroleum prices in Pakistan for 1st fortnight of April
Pakistan State Oil (PSO) has issued retail prices of petroleum products for first fortnight of April 2023 i.e. from April 01 to April 15.
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Pakistan exports plummet by 10% during July – March 2022-2023
Exports of Pakistan have plummeted by 10 percent during nine month (July – March) 2022-2023, official data revealed on Monday.
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