Minister for Planning and Development, Asad Umar, says commodity and energy prices are much less in Pakistan compared to the regional countries.Addressing a news conference in Islamabad on Monday, he said this would be achieved by reducing taxes on edi…
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BoI Seeks Cabinet Panel’s Nod for Building CPEC Tower in Islamabad
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The Board of Investment (BoI) has moved a summary to the Cabinet Committee on China-Pakistan Economic Corridor (CCoCPEC), seeking approval for establishing “CPEC Business and Industrial Cooperation Tower” in Islamabad to provide state-of-the-art workin…
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Rupee Crashes to Unforeseen Record Low Against the US Dollar
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The Pakistani Rupee crashed to a record low against the US Dollar today. PKR depreciated by 1.60 against the dollar and closed at 172.78 after touching an intra-day low of about 173.This comes after hitting consecutive record lows against the US Dollar…
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Govt revises prices of petroleum products
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The government has increased the prices of petroleum products in view of their increase in the global market.According to the notification issued by the Finance Ministry, the price of petrol has been increased by 10.49 rupees per liter, high speed die…
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SBP Orders Banks to Digitize Corporate Payments
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The State Bank of Pakistan (SBP) has made it mandatory for the entities it regulates, including banks, microfinance banks, payment system operators, and payment system providers, to provide digital means of payments to their corporate clients to enable…
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FBR Collects Extra Rs. 47.4 Billion With 2.47 Million Tax Returns
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The Federal Board of Revenue has collected income tax of Rs. 47.4 billion until now, while a total of 2.475 million income tax returns have been filed for the tax year 2021 so far.Official sources told ProPakistani that the Federal Board of Revenue (FB…
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HBL Declares Profit of Rs. 27 Billion in First 9 Months of 2021
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The Board of Directors of HBL has announced the financial results for the nine months period that ended on September 30, 2021.HBL today declared a consolidated Profit after tax of Rs. 27.0 billion, up by 7% as compared to Rs. 25.27 billion recorded in …
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Finance Minister Invites US Companies to Invest in Special Economic Zones
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Federal Minister for Finance and Revenue, Shaukat Tarin, has stated that the government is firmly committed to all-inclusive and sustainable economic growth with a key focus on a ‘bottom-up approach as envisaged by Prime Minister Imran Khan.Addressing …
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Senate Panel Discusses Hurdles in Privatizing Convention Center & Other Buildings
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A plethora of issues and hurdles have slowed down the process of privatizing the Jinnah Convention Center, Islamabad, the Services International Hotel, Lahore, and other state entities and buildings.This was revealed during a meeting of the Senate Stan…
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OGDCL Appoints Khalid Siraj Subhani As Acting CEO
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Syed Khalid Siraj Subhani has been given the acting charge of Managing Director (MD) and Chief Executive Officer (CEO) of the Oil and Gas Development Company Limited (OGDCL), following the resignation of Shahid Salim Khan who served the organization fo…