Immovable properties: Hike in advance tax on purchase likely

ISLAMABAD: The government is likely to raise advance tax on the purchase of immovable properties by non-filers in the coming budget (2023-24). Sources told Business Recorder that the taxation of real estate was discussed during the ongoing meetings between the FBR and the International Monetary Fund (IMF) to increase advance withholding tax on non-filers for … Read more

Interbank Market Trends: Dollar’s Rate Fluctuations

The Interbank Market is a vital component of the global financial system, where banks and financial institutions trade currencies and manage liquidity. Among the various currencies traded, the U.S. dollar (USD) plays a central role due to its status as the world’s primary reserve currency. The fluctuations in the dollar’s rate in the interbank market … Read more