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Yearly Archives: 2020

Rupee Expected to Continue Its Upward Momentum

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Due to the lack of import payments and persistent healthy dollar inflows, the rupee is expected to continue its upward trend over the next week. Traders...

Tax Returns Are Expected to Cross the 3 Million Mark

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Over the last eight months, the Federal Board of Revenue (FBR) received 380,000 returns from taxpayers for the tax year 2019, mostly marked by an economic...

Prime Minister Takes the Step of Power Relief to Help Increase Exports

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On Tuesday, Prime Minister Imran Khan announced an Industrial Support Package (ISP) providing 50 percent lower rates of additional electricity usage to small and medium-sized enterprises....

Dollar Drops below Rs 160

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Rupee in Karachi On Tuesday, PKR showed mixed conduct at the market close. In the interbank market, it went up against the USD when dropping in...

SC Dismisses Review Request in GID Cess Case

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A three-member Supreme Court bench led by Justice Mushir Alam and composed of Justice Faisal Arab and Justice Mansoor Ali Shah dismissed petitions in the Gas...

The IMF Reinforces Contractionary Policies

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The Khan administration appears to be stuck between a rock and a hard spot, with the International Monetary Fund (IMF) reportedly insisting on politically difficult contractionary...

SECP Introduces Crowdfunding Setup for IT Startups in Pakistan

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The first technology-based crowdfunding platform has been authorized by the Securities & Exchange Commission of Pakistan (SECP), the country's financial regulatory agency, to begin live testing under...

Total Parco Witnessed a Massive Decline in Sales after Blasphemous Cartoons

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French goods are being boycotted worldwide, especially in Islamic countries, such as the Arab states, Turkey and Pakistan, following the reprinting by French Weekly Charlie Hebdo...

Oil Plunges 3% on Fuel Demand Concerns as Europe Extends COVID-19 Lockdowns

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On Monday, oil prices dropped more than 3 percent on fears that expanding coronavirus locks across Europe would weaken demand for gasoline, and as markets braced...

Pakistan to Seek a Loan Rollover from China

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Pakistan has agreed to pursue the rollover of a $3 billion Chinese trade finance facility that it has actually used to repay maturing debt, and when...
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