Tag: financial reforms
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Federal cabinet to approve FBR restructuring in upcoming meeting
In a significant development, the caretaker government has concluded the comprehensive restructuring plan for the Federal Board of Revenue (FBR).
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FBR restructuring: Govt plans to separate Customs and revenue collection system
Caretaker Finance Minister Dr Shamshad Akhtar has announced that the government is implementing significant restructuring measures within the Federal Board of Revenue (FBR) to eliminate apparent conflicts of interest in tax collection and enhance overall performance.
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Pakistani rupee claims top spot as best-performing currency worldwide
Amidst a determined crackdown on smuggling and illegal financial activities, the Pakistani rupee has emerged as the world’s top-performing currency for September. During this remarkable month, the rupee’s value surged from Rs305.54 against the US dollar on August 31st to Rs287.74 on September 28th, a notable increase of Rs17.8 or 6.2 per cent.
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Pakistan commits to boost foreign exchange reserves to $11.7 billion by 2024
Pakistan has made a commitment to the International Monetary Fund (IMF) to significantly improve its gross foreign exchange reserves by $7.65 billion. The goal is to raise the reserves to $11.7 billion by the end of the financial year 2024, up from the current level of $4.056 billion in the financial year 2023. This move…