BEIJING, China, April 11, 2025 – In a strong response to escalating trade tensions, China announced on Friday that it will increase additional customs tariffs on a wide range of U.S. imports to a staggering 125%, effective Saturday.
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FBR Issues Procedure for Integration into Digital Invoicing System
Islamabad, April 11, 2025 – The Federal Board of Revenue (FBR) has officially released a comprehensive procedure to facilitate the integration of businesses into its digital invoicing system, as part of its ongoing efforts to enhance transparency and compliance in the tax ecosystem.
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KIBOR – Karachi Interbank Offered Rates on April 11, 2025
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Friday, April 11, 2025, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
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Rupee Strengthens Against Dollar Amid Declining Global Oil Prices
Karachi, April 11, 2025 – The Pakistani rupee continued its upward trend against the US dollar on Friday, buoyed by a sharp decline in international oil prices and improving macroeconomic indicators.
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SBP Releases Forex Rates in PKR for April 11, 2025
On April 11, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
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IRIS Glitches Prompt KCCI to Seek PM Shehbaz’s Intervention
Karachi, April 11, 2025 – Frustrated by persistent technical failures in the Federal Board of Revenue’s (FBR) IRIS portal, the Karachi Chamber of Commerce and Industry (KCCI) has formally appealed to Prime Minister Shehbaz Sharif for immediate intervention to address the growing tax compliance crisis facing the business community.
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Vivo V50e Debuts With Dimensity 7300, Triple 50MP Cameras
Vivo has officially launched the V50e in India, expanding its V50 series lineup, which already includes the V50, V50 Lite 4G, and V50 Lite 5G.
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Gold Prices Hit Top Across World, Reach Rs 338K in Pakistan
Karachi, April 11, 2025 – Gold prices surged to unprecedented levels across the world on Friday, with Pakistan also witnessing a historic peak. In local markets, the price of 24-karat gold per tola climbed sharply to Rs 338,800 — an increase of Rs 10,000 from the previous all-time high of Rs 328,800 recorded just a day earlier.
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iPhone 16 Series Officially Launches in Indonesia After Ban
After a lengthy five-month ban, Apple has finally launched its Apple iPhone 16 series in Indonesia.
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KCCI Suggests Tax Exemption for Properties up to Rs 10 Million
Karachi, April 11, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has proposed a significant tax reform aimed at revitalizing the real estate sector by suggesting income tax exemption on immovable properties valued up to Rs 10 million.
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