Karachi, February 2, 2026 – Bank borrowing by Pakistan’s private sector fell sharply by 39% during the first seven months of the current fiscal year (July 2025–January 2026), despite a substantial cut in the State Bank of Pakistan (SBP) benchmark interest rate, according to data released on Monday.
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FBR Sets Minimum Export Price for Mango Pulp
Karachi, February 2, 2026 – The Federal Board of Revenue (FBR) has announced the minimum export price for all types of mango pulp to standardize export valuation and support fair trade. The directive was issued through Valuation Ruling No. 1 dated January 28, 2026, under powers granted by Section 25A read with Section 25(15) of the Customs Act, 1969.
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SBP Announces Interbank Foreign Currency Rates for February 2, 2026
Karachi, February 2, 2026 – The State Bank of Pakistan (SBP) has released the updated interbank foreign currency rates for Monday, February 2, 2026, to guide banking consumers and facilitate smooth currency transactions. These rates serve as a benchmark for commercial banks and businesses involved in foreign exchange operations.
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APTMA urges FBR to adjust super tax against pending refunds
Karachi, February 2, 2026 – The All Pakistan Textile Mills Association (APTMA) has called on the Federal Board of Revenue (FBR) to adjust Super Tax liabilities against long-pending government refunds, following the Federal Constitutional Court’s ruling on outstanding Sales Tax, Income Tax, and other reimbursements owed to manufacturers and exporters.
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PM Shehbaz welcomes World Bank President Banga, praises support for Pakistan’s growth
Islamabad, February 2, 2026 – Prime Minister Muhammad Shehbaz Sharif today met Ajay Banga, President of the World Bank Group (WBG), in Islamabad. This marked Mr. Banga’s first official visit to Pakistan as World Bank President.
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How to Apply for Registration as an Income Tax Practitioner with FBR
Becoming a registered Income Tax Practitioner (ITP) in Pakistan requires following the Federal Board of Revenue (FBR) guidelines under Income Tax Rules, 2002 (updated November 24, 2023). This registration enables practitioners to handle tax matters on behalf of clients legally.
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Daily Shipping Activity at Port Qasim – February 2, 2026
Karachi, February 2, 2026 — The Port Qasim Authority (PQA) has released its daily shipping activity report for Monday, providing an update on vessel movements and cargo handling over the past 24 hours. The report, updated at 8:00 AM Pakistan Standard Time (PST), aims to keep stakeholders, traders, and port users informed.
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NBP extends banking facility restructuring offer to Hascol Petroleum
Karachi, February 2, 2026 — The National Bank of Pakistan (NBP) on Monday issued an offer letter to Hascol Petroleum Limited regarding the restructuring and rescheduling of its banking facilities and financial accommodations.
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Bitcoin rate falls against US dollar and Pakistani rupee – February 2, 2026
Bitcoin prices continued their downward slide on Monday, weakening against both the US dollar and the Pakistani rupee as selling pressure persisted in the global cryptocurrency market. The leading digital asset has now posted sharp losses over the past week and month, reflecting heightened volatility and cautious investor sentiment.
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Latest Currency Exchange Rates in Pakistan – February 2, 2026
Karachi, February 2, 2026 — Exchange companies across Pakistan on Monday released the latest foreign currency exchange rates to assist the general public, overseas travelers, and businesses involved in cross-border transactions.
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