Federal Minister for Finance and Revenue Mr. Shaukat Tarin presided over a significant meeting on the establishment of Pakistan International E-payment Gateway (IPG) that envisages paving the way for financial inclusion and payment digitization, a sub-…
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Tabish Gauhar’s Resignation – Here’s What You Should Know
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Earlier today, Special Assistant to Prime Minister on Power and Petroleum, Tabish Gauhar, had resigned from his post.Gauhar confirmed his resignation in a tweet, saying that he had decided to return to his family, following a year of his public service…
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Chinese Companies Want to Invest $15 Billion in Pakistan: Secretary Board of Investment
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Chinese companies are set to invest $15 billion in Pakistan’s petrochemical industry, Federal Secretary Board of Investment (BOI) Fareena Mazhar has revealed.Speaking with the associated press of Pakistan (APP), Secretary BOI said that a large part of …
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Fitch Predicts Pakistan’s Economic Recovery to Continue in FY2021-22
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Fitch Solutions maintained its forecast for the Pakistani economy to record real GDP growth of 4.2 percent in the fiscal year 2021-22, up from 3.9 percent in the fiscal year 2020-21.“We note that improving vaccination rates will buoy private consumptio…
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China to invest $15 bln in Pakistan’s petrochemicals sector
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Chinese companies have expressed their readiness to invest fifteen billion dollars in Pakistan’s petrochemicals sector.This was stated by Federal Secretary Board of Investment, Fareeha Mazhar while talking to APP in Islamabad today [Sunday].She said th…
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NOCs being issued for new cement factories: Buzdar
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Punjab Chief Minister Sardar Usman Buzdar says ten cement factories have been established and twenty two NOCs are being issued for establishment of new cement factories in Punjab.In a statement issued in Lahore on Saturday, Usman Buzdar said new cement…
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NADRA is Now Bound to Share Data With FBR for Tax Purposes
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President has promulgated Tax Laws (Third Amendment) Ordinance 2021 to legally bound the National Database and Registration Authority (NADRA) to share Pakistani citizens’ data with the Federal Board of Revenue (FBR) for broadening of the tax base.The g…
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Asad Umar Rubbishes Claims of Delay in CPEC Projects
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Federal Minister for Planning and Development Asad Umar has dispelled the impression that the pace of work on the CPEC [China-Pakistan Economic Corridor] projects has been slowed down, reaffirming that major work of the projects has been completed by t…
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Rupee Maintains Position Against the US Dollar as Markets Calm Following SBP Warning
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The Pakistani rupee (PKR) depreciated by one paisa against the US dollar (USD) on Friday to close at 168.19.Yesterday, it recovered from the record low of September 15 and gained 94 paisas in the inter-bank market to close at Rs. 168.18.On September 15…
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Experts Stress Need for Evidence-based Tax Policy for Tobacco Trade in Pakistan
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The taxation policies toward the tobacco industry in Pakistan need to be based on real evidence, covering facts and figures about the share of illicit and smuggled products in the Pakistani market.This was the crux of a discussion by trade experts duri…