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Monthly Archives: August, 2020

Pakistan’s Debt & Liabilities Stand at 106.8% of GDP

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Pakistan's economy returned to the 1990's as the country's overall debt and GDP-percentage liabilities reached a 100% psychological mark and now stood at 106.8% of GDP...

PM Expressed a Keen Interest in Setting up STZs for IT Sector

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Prime Minister Imran Khan expressed his interest in setting up the Special Technology Zones (STZs) for IT industry to promote its development and boost business. In a...

WB Group Suspends Publication of Doing Business Report 2021

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The World Bank Group has postponed the release of the Doing Business Report 2021, following reports of irregularities with respect to changes in the data used...

SECP Grants 15-day Extension to Brokers

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The Securities and Exchange Commission of Pakistan (SECP) issued a 15-day extension for the filing of Annual and Quarterly Anti-Money Laundering / Combating Terrorism Financing (AML /...

Pakistan’s Earns US $1438 Million from IT Services’ Export during FY 2019-20

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Pakistan earned US$ 1438,827 million in July-June (2019-20) by offering various IT services in various countries. It reveals a growth of 20.72% compared to US$ 1191.864 million...

Pakistan & Russia Likely to Decide Fate of 1,100km North South Gas Pipeline Next Month

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Pakistan and Russia may take important decisions in the next month on the transport of Regasified Liquefied Natural Gas (RLNG) from Karachi to Lahore by establishing...

ADB to Float $200 Million Worth of Rupee-Linked Bonds for Pakistan

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The Asian Development Bank on Monday said that it would float rupee-linked bonds worth $200 million for Pakistan to support its external account position. Recently the bank...

Pakistan Stock Market Hungry for Foreign Cash

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As per money managers, the rebound that’s helped make Pakistan equities Asia’s best performers since the end of March isn’t done yet. The nation's central bank was...

Gas Infrastructure Development Cess Reaches Rs 523.6 Billion

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Islamabad-Sectors including fertilizer firms, government power companies, IPPs, K-Electric, generals, gas companies ow Gas Infrastructure Development Cess (GIDC) to Rs523.60 billion. As of June 30th, 2020, the cumulative...

Samsung to Set up an Assembly Plant in the Country

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The leading smartphone manufacturer Samsung is considering setting up an assembly plant in the country. Minister for Industries and Productions Hammad Azhar tweeted, “Smartphone production in...
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