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Monthly Archives: April, 2020

IT Had the Highest Exports in Services Sector in First 9 Months of FY 2019-20

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Pakistan's IT and telecommunications services continued to grow in exports, with a share of more than $1 billion in total exports from the services sector over...

Think-tank Highlighted Major Areas to Improve Economy during the Coronavirus Crisis

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The think tank, which was recently established under the Prime Minister's guidance to consult on the coronavirus related economic downturn and mitigation of the subsequent risks,...

Pakistan’s Economic Revival to Take Time

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The World Bank forecasted that the economy of Pakistan could decline from 1.3% to 2.2% in the current fiscal year, while the International Monetary Fund (IMF)...

The Government Reduces Profit rates on Savings Schemes

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The government reduced profit rates on all savings schemes and accounts of the Central Directorate of National Savings (CDNS). The new profit rates will be valid...

Pakistan Witnesses Increase in Digital Payments amid Coronavirus

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Digital payments in Pakistan have earned a major boost in the aftermath of the COVID-19 pandemic as people are rising banknote use out of fear of...

Coronavirus Has Mutated into at Least 30 Variants: Chinese Report

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A new study in China has revealed that the coronavirus has transformed into at least 30 different variations. The study concluded that the overall ability of the...

State Bank- Further Steps Can Be Taken on Interest Rate

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Pakistan State Bank (SBP) suggested taking further interest rate moves. The central bank has revised its estimate for the country's rising budget deficit to 9.2% of...

FBR Sets up Primary System to Transfer Tax Refunds to Bank Accounts

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A spokesperson for the Federal Board of Revenue (FBR) said that the primary system to transfer the tax refunds to taxpayers' bank accounts has been set...

SBP Announced Salary Refinance Scheme

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The State Bank of Pakistan (SBP) on Wednesday ordered banks to suspend disbursement of dividends for quarters in March and June 2020. Leading bankers have reported to Business...

Pakistan Gets No Advantage from Oil Price Crash

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Petroleum oil manufacturing and exporting countries offered free-of-cost fuel and even provided large amounts of money to the world along with free fuel, but Pakistan and...
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