Volume of car sales in Pakistan for February 2023 may drop to 4.4 units, down by 53 per cent month on month (MoM), hitting 14-year low, said analysts at JS Global on Thursday.
(more…)Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
-
FBR issues list of luxury imported, local goods for imposing 25% sales tax
The Federal Board of Revenue (FBR) in Pakistan issued a comprehensive list on Wednesday, March 8, 2023, outlining the imposition of a 25% sales tax on both imported and locally produced luxury goods.
(more…) -
Dollar jumps to PKR 279.12 in interbank foreign exchange market
KARACHI: US Dollar on Wednesday jumped against the Pakistan Rupee (PKR) to reach PKR 279.12 in interbank foreign exchange market.
(more…) -
Pakistan’s external debt surges by 38% on massive PKR devaluation during one year
KARACHI: Pakistan’s external debt sharply increased by 38 per cent to PKR 20.69 trillion by end of January 2023 when compared with the debt a year ago, according to data released by the central bank on Tuesday.
(more…) -
FBR updates Sales Tax Act incorporating new rates of 18% and 25%
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued updated Sales Tax Act, 1990 incorporating new sales tax rates of 18 per cent and 25 per cent.
(more…) -
Pakistan Islamic banks stick to KIBOR – interest based benchmark
KARACHI: Pakistan Islamic banks are stick to Karachi Interbank Offered Rate (KIBOR) – an interest based benchmark.
(more…) -
FBR to make recovery from jewelers, real estate agents in money laundering cases
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued rules to make recovery from jewelers and real estate agents under money laundering cases.
(more…) -
Pakistan to provide foreign exchange cover of $90 million for Hajj – 2023
Pakistan has decided to provide foreign exchange cover of $90 million for Hajj 2023. This has been decided by the government while approving Hajj Policy.
(more…) -
FBR updates Active Taxpayers List up to March 05, adds more return filers
ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued updated Active Taxpayers List (ATL) for tax year 2022 including the names of those taxpayers who filed their income tax returns up to March 05, 2023.
(more…) -
Pakistani banks get tax relief amid record high interest rates
KARACHI: Pakistani government has granted tax relief to commercial banks despite the banks are making huge profits in the wake of record high interest rates.
(more…)