The Pakistan Stock Exchange (PSX) has experienced an extraordinary rally, with the benchmark KSE-100 index gaining 14,480 points, equivalent to a remarkable 15.31%, over eight consecutive trading sessions. This record-breaking surge has made global headlines, placing PSX among the world’s best-performing markets based on USD returns.
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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.
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PSW Partners with Alibaba to Develop e-Commerce Module
Karachi, December 7, 2024 – Pakistan Single Window (PSW), in collaboration with Alibaba, one of the world’s leading e-commerce platforms, is working on an innovative e-commerce module aimed at enhancing the clearance process for cross-border trade.
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KSE-100 Surges for 8th Straight Session, Crosses 109K Points
Karachi, December 6, 2024 – The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) sustained its bullish momentum for the eighth consecutive session on Friday, achieving a historic high of 109,054 points. This remarkable rally underscores investor confidence bolstered by improving economic indicators and favorable developments on the political and financial fronts.
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FBR Expands Single Sales Tax Return to Two New Sectors
Islamabad, December 6, 2024 – The Federal Board of Revenue (FBR) announced on Friday the expansion of its Single Sales Tax Return (SSTR) facility to include two additional sectors. This move is part of the FBR’s ongoing efforts to streamline tax compliance and simplify the filing process for taxpayers.
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FBR Sets Deadline for Corporate 2024 Return Filing
Karachi, December 6, 2024 – The Federal Board of Revenue (FBR) has announced December 31, 2024, as the final deadline for corporate entities to file their income tax returns for the tax year 2024. FBR officials have emphasized that this deadline will not be extended, urging companies to comply promptly to avoid penalties.
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Saudi Arabia Rolls Over $3 Billion Deposits for Pakistan
Karachi, December 5, 2024 – The Saudi Fund for Development (SFD), acting on behalf of the Kingdom of Saudi Arabia, has extended the maturity of its $3 billion deposit with the State Bank of Pakistan (SBP) for another year.
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KSE-100 Hits New High of Over 108K Points on Rate Cuts Hopes
Karachi, December 5, 2024 – The benchmark KSE-100 index of Pakistan Stocks (PSX) surged to a new record high on Thursday, surpassing the 108,000-point mark for the first time.
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PM Shehbaz Orders Strict Measures for Tax Collection
Islamabad, December 5, 2024 – Prime Minister Shehbaz Sharif, on Thursday, issued clear directives to relevant authorities to ensure swift and effective tax collection in Pakistan. He emphasized the need for implementing strict measures to enforce the country’s revenue collection strategy. This was part of his broader vision to strengthen the nation’s fiscal framework, which has been a key focus of his government.
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NTC Reviews Agriculture, Property Taxation Strategies
Islamabad, December 4, 2024 – The National Tax Council (NTC) convened on Wednesday to explore measures aimed at boosting revenue through enhanced agricultural income and property taxation. The session, chaired by Minister for Finance and Revenue Senator Muhammad Aurangzeb, underscored the importance of federal-provincial collaboration to achieve comprehensive tax reforms and improve compliance.
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Pakistan Rebuffs Reports of Discounted Oil Deal with Russia
Islamabad, December 4, 2024 – Petroleum Minister Musadik Malik on Wednesday categorically denied reports suggesting that Pakistan and Russia had reached an agreement for the supply of discounted crude oil.
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