Regal Automobiles Industries Limited has planned to get listed at Pakistan Stock Exchange (PSX) to generate funds of around Rs. 800 million for setting up set up an assembly line for the manufacturing of electric cars in Pakistan.The company will float…
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Finance Ministry Concerned About Increase in Sugar Prices
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National Price Monitoring Committee (NPMC) of the Ministry of Finance has expressed concerns about the marginal increase in sugar prices across various cities during a recent meeting. Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, preside…
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Rupee Posts Big Gains Against the US Dollar Following World Bank’s Projections
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The Pakistani Rupee (PKR) posted gains against the US Dollar (USD) for the second consecutive day in the interbank market today. It gained 40 paisas against the greenback after hitting an intra-day high of Rs. 175.87 against the latter during today’s o…
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FBR to Go through Third-party Security Audit Amid Looming Cyber Attacks
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The government has decided to conduct a comprehensive third-party security audit of the Federal Board of Revenue (FBR) to determine any vulnerabilities in the system, as it is constantly subjected to cyber-attacks.Official documents of the bureau have …
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EU GSP+ Review Mission to Visit Pakistan Next Month
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garments, bed linen, terry towels, hosiery, leather, sports & surgical goods, etc duty-free access in the EU market.The committee was informed that 66 percent of tariff lines from Pakistan benefit from tariffs (duty-free access), coveri…
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PSW Introduces New Feature for Subscription of Companies with Foreign Members
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Pakistan Single Window (PSW) has introduced a new feature to enable the subscription of companies having only foreign nationals as directors.The new functionality allows both local and foreign-owned companies that do not have a Pakistani national as “D…
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Pakistan’s Economic Fundamentals Remained Stable Despite COVID: Governor SBP
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Pakistan’s economic fundamentals and overall performance remained stable during the COVID-19 pandemic, said Governor State Bank of Pakistan (SBP) Dr. Reza Baqir.Addressing ‘The Future Summit’ in Karachi, Dr. Reza Baqir reflected on how Pakistan’s econo…
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Govt Set to Pass Mini-Budget Tomorrow
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The Pakistan Tehreek-e-Insaf (PTI)-led coalition government has finalized the preparations to get the Finance (Supplementary) Bill, 2021 passed from the National Assembly on Thursday.Talking to media, Advisor to Prime Minister on Parliamentary Affairs…
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FBR Begins Budget Preparation Exercises for FY23
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Starting its budget preparation exercises for the fiscal year (2022-23), the Federal Board of Revenue (FBR) has sought customs-related proposals from all the Chambers of Commerce and Industry by March 31, 2022.In this regard, FBR has issued a letter to…
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RCCI International Chambers Summit 2022 Stresses Promotion of Industries
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The two-day International Chambers Summit 2022 ended on Wednesday with an emphasis on the need for industrialization and the creation of economic zones.The summit was organized by the Rawalpindi Chamber of Commerce and Industry (RCCI) and the President…