170 billion rupees in new taxes;  Government's decision to bring mini budget through ordinance

170 billion rupees in new taxes; Government’s decision to bring mini budget through ordinance

Islamabad: The government has taken a principled decision to impose a new tax of 170 billion rupees on the International Monetary Fund (IMF) EMA through the Mini Budget Ordinance. According to the details, the government has decided to impose additional customs duty, regulatory duty on the import of luxury goods in place of flood levy…

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Workers remittances for January 2023 stood at 1.89 billion dollars, State Bank

Workers remittances for January 2023 stood at 1.89 billion dollars, State Bank

The wave of $2 billion monthly worker remittances since June 2020 broke in January 2023. According to the State Bank of Pakistan (SBP), workers’ remittances in January 2023 were $1.89 billion. Saudi Arabia received the lowest remittances since June 2019, 15 percent less worker remittances from Saudi Arabia in January at $40.76 million. The State…

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Record decline in remittances sent by overseas Pakistanis in January

Record decline in remittances sent by overseas Pakistanis in January

Karachi: The remittances sent by Overseas Pakistanis last month recorded a decrease on both annual and monthly basis. In January 2023, remittances sent by overseas Pakistanis recorded a decrease of 13.14% on annual basis. Overseas Pakistanis sent remittances worth one billion 894.9 million dollars last month. In addition to annual, monthly remittances from overseas Pakistanis…

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