FBR generates Rs6tr in taxes from July 1 to June 28 of FY22. Achieving almost 98.3% of the target. PTI claims this is first time in 20 years that FBR has surpassed its target. ISLAMABAD: Since the beginning of the current fiscal year 2021–22, the Federal Board of Revenue (FBR) has collected Rs6 trillion in taxes, … Read more
The global cryptocurrency market peaked in November 2021 at $2.9 trillion. In the previous two months, it has lost $1 trillion in value. Bitcoin was down more than 10% on Monday to an 18-month low of $23,750. Ether, a smaller coin, plummeted almost 15% to $1,210. According to data portal CoinMarketCap, the value of the … Read more
KARACHI: The Large Taxpayers Office (LTO), Karachi has shown remarkable achievement by collecting revenue at Rs1.265 trillion in all taxes during the period July 2021 to April 2022 as against Rs900.176 billion collected in the previous year, showing an overall growth of 41 per cent vis-à-vis overall collection made during the same period of the … Read more
In 2020, we observed the largest one-year debt surge since World War II, with global debt rising to $226 trillion as the world was hit by a global health crisis and a deep recession. Debt was already elevated going into the crisis, but now governments must navigate a world of record-high public and private debt … Read more
CAIRO: Net foreign assets held by the Saudi Central Bank went down by a monthly rate of 3.3 per cent to reach SR1.63 trillion ($433 billion) in October, Arab News quoted newly released data by SAMA. The central bank’s net foreign assets declined by 2 per cent compared to last year’s October. Commercial banks’ net foreign assets … Read more
