In response to Federal Tax Ombudsman instructions, the Federal Board of Revenue (FBR) has developed a new method for submitting review petitions and submissions before the President to improve efficiency and streamline…
Category: Business
Latest Business News from Pakistan and Around the World – SBP, FBR, FIA, Petrol, Dollar and Daily Gold Rates on financeupdates.net.
Rupee Shines as Dollar Fades Away in Currency Markets
In recent financial news, the US dollar has lost value versus the Pakistani rupee, generating attention and debate among traders and the general public alike. Let’s break down what’s been going on…
FBR Deadline: Tax Collection Target Set for September 28, 2023
To maximize the amount of money that may be collected in taxes during the current month, the Federal Board of Revenue (FBR) has issued a directive to all of the field offices…
Pakistani Rupee Maintains 14-Day Winning Streak Against US Dollar
For the 14th consecutive day, the Pakistani Rupee (PKR) has gained ground versus the US Dollar (USD) in the interbank market. As of 11:30 PM, the PKR had reached a high of…
Rupee Continues to Strengthen Against the US Dollar
The Pakistani Rupee (PKR) is on a winning trend against the US Dollar (USD) in the foreign exchange market. Those unfamiliar with these terms should know that the PKR is gaining ground…
FTO Urges FBR to Monitor Property Prices Closely
The Federal Tax Ombudsman (FTO) has recently wrapped up its investigation and put forth a recommendation to the Federal Board of Revenue (FBR) regarding the Real Estate sector. In simpler terms, the…
Gold Price in Pakistan Today – September 20, 2023
On Wednesday, September 20, 2023, the gold price in Pakistan for a single tola of 24-karat gold is being sold at a price of PKR 218,100 here at this location. According to…
Electricity prices in Pakistan expected to rise from October 1
The National Electric Power Regulatory Authority (Nepra) has been asked for permission by the Central Power Purchasing Agency (CPPA) to raise prices for electricity in October 2023. This request comes at a…
Pakistani Rupee steadily improve against the US Dollar
The Pakistani rupee is strengthening against the US dollar for the 12th straight day. Similar to a winning streak in a sporting event, but in the financial realm. In the interbank market,…
Gold Prices Stable Amid After U.S. Federal Reserve’s Rate
As a valuable commodity, gold’s price is subject to daily fluctuations. The price of gold increased recently and peaked two weeks ago. Now though, it’s staying the same. At present, the global…