The latest prices for gold and silver in Pakistan, as of 7:23 AM on June 12, 2025, have been updated and are as follows, along with the previous closing prices in the bullion market:
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Latest Currency Exchange Rates in Pakistan – June 12, 2025
Pakistan’s open market witnessed notable fluctuations in exchange rates early Thursday morning, indicating the continuous volatility affecting the foreign exchange landscape.
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Commissioner empowered to bar transactions under sales tax laws
Islamabad, June 12, 2025 – The Finance Bill 2025 has proposed sweeping powers for the Commissioner Inland Revenue of the Federal Board of Revenue (FBR) to clamp down on individuals and businesses who fail to register under the Sales Tax Act, 1990.
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FBR empowered to fix retail price of Third Schedule goods
Karachi, June 12, 2025 – In a significant move to tighten control over pricing and enhance tax collection, the Federal Board of Revenue (FBR) has been granted the authority to determine the retail price of goods listed under the Third Schedule of the Sales Tax Act, 1990.
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WTC Final: Rabada, Jansen Shine as 14 Wickets Fall on Day 1
Lord’s witnessed a thrilling opening day of the ICC World Test Championship final, with a staggering 14 wickets falling as bowlers from both South Africa and Australia took centre stage.
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Non-filers to face 40% tax on bank deposit profit
Karachi, June 11, 2025 – The Finance Bill 2025 has introduced a major increase in income tax for individuals who are not on the Active Taxpayers List (ATL), targeting the profit they earn from bank deposits.
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Summary of sales tax amendments through Finance Bill 2025
The Finance Bill 2025 has introduced a series of significant proposals to amend the Sales Tax Act, 1990, aimed at expanding the tax base, enhancing compliance, and curbing tax evasion.
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Summary of income tax amendments through Finance Bill 2025
The Finance Bill 2025 proposes wide-ranging amendments to the Income Tax Ordinance, 2001, aimed at restructuring the tax regime for tax year 2026, starting from July 1, 2025.
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KIBOR – Karachi Interbank Offered Rates on June 11, 2025
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Wednesday, June 11, 2025, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
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Rupee weakens to PKR 282.47 against dollar in interbank market
Karachi, June 11, 2025 – The Pakistani rupee continued its downward trend on Wednesday, closing at PKR 282.47 against the US dollar in the interbank foreign exchange market.
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