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Used phone prices to drop following FBR tax revision

  ISLAMABAD (Kashmir English): To provide relief to consumers facing high device costs, the Customs Valuation Department has slashed assessment rates for duties and taxes on commercially imported used mobile phones. The new rates, established under Valuation Ruling No. 2035 of 2026, took effect on January 16, 2026. Officials noted that the adjustment reflects a

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Pakistan’s foreign reserves surge to $23.72 Billion

Pakistan’s foreign exchange reserves inch up by $16m, reach $21.25bn

ISLAMABAD (Kashmir English): Pakistan’s foreign exchange reserves have increased by $16 million to $21.25 billion. According to data released by the State Bank of Pakistan, during the week ending January 16, 2026, the foreign exchange reserves held by the State Bank of Pakistan were $16.08 billion, while the foreign exchange reserves held by commercial banks

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Govt cuts profit rates on key National Savings schemes

National Savings revises profit rates for Defence Savings Certificates

ISLAMABAD (Kashmir English):  The federal government has released important news for those investing in Defence Savings Certificates. The Central Directorate of National Savings has released the new rates of return on the scheme, which have come into effect from January 2026. The Defence Savings Certificates scheme was launched in 1966. Its main objective is to

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