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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