KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warned the government that industry will opt black economy as formal banking channels are out of reach due to high interest rate.
(more…)Category: Top stories
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.
-
No letup in rupee fall; dollar surges to PKR 230.40 in interbank
KARACHI: The Pakistani Rupee (PKR) continued its falling journey against the dollar on Tuesday and fell to PKR 230.40 in interbank foreign exchange market.
(more…) -
Pakistan waives port charges for stuck up containers for non-opening LCs
KARACHI: Pakistan has waived demurrage and detention charges for stuck containers at ports due to non-opening of letter of credits (LCs), a senior minister announced on Monday.
(more…) -
SBP raises benchmark rate by 100 basis points to check inflation
KARACHI: State Bank of Pakistan (SBP) on Monday raised benchmark policy rate by 100 points to 17 per cent to check inflationary pressure.
(more…) -
SBP allows one-time facilitation to importers for consignment clearance
KARACHI: State Bank of Pakistan (SBP) on Monday allowed one-time facilitation to importers who arrange funds to settle pending import payments.
(more…) -
Dollar crosses PKR 230 in interbank foreign exchange
KARACHI: The US dollar strengthened against Pakistan Rupee (PKR) on Monday and crossed PKR 230 in interbank foreign exchange market.
(more…) -
FBR collects over Rs81 billion from sale, purchase of property transactions during TY22
ISLAMABAD: Federal Board of Revenue (FBR) has collected over Rs81 billion from sale and purchase of property transactions during tax year 2022, official documents revealed.
(more…) -
Pakistan imports mobile phones worth $363 million amid worst forex crisis
KARACHI: Pakistan has imported mobile phones worth $363 million during first half (July – December) of fiscal year 2022-2023 despite fact of worth foreign exchange crisis in the country.
(more…) -
FBR chairman issues directives to safeguard revenue, achieve targets
KARACHI: Asim Ahmed, Chairman, Federal Board of Revenue (FBR) on Saturday issued directives to tax offices to make all efforts to safeguard revenue.
(more…) -
Incompetence main reason for present Pakistan economic crisis
Incompetence is the major reason for the current economic crisis, said Muhammad Azfar Ahsan, Founder & CEO, Nutshell Group.
(more…)