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Yearly Archives: 2020

Cement Exports Improved by 8.27% during the First Quarter of Year 2021

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During the first quarter (Q1) of the financial year (FY2020-21), cement exports from the country experienced a rise of 8.27% compared to the same duration of...

Pakistan Might Not Exit the FATF’s Grey List

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Pakistan could remain on the grey list of the Financial Action Task Force (FATF) because it was unable to comply with six of the 27 points...

The reasons of Increased Wheat Prices Unveiled

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The major concern of Pakistan Democratic Movement (PDM) rally was the current inflation rate in the country. The price of a 20 kg flour bag...

FBR Finds Rs. 12.8 Billion in a Dry Cleaner’s Bank Account

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The Federal Board of Revenue (FBR) has unearthed a suspicious transaction of multibillion rupees from a bank account associated with a dry cleaner in...

FBR Provides Tax Relief to Textile Sector at Import Stage

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The Federal Board of Revenue (FBR) will not charge Additional Customs Duty (ADC) and Regulatory Duty on the import of different items of the...

Energy Sector May Take Circular Debt to Rs 4 Trillion by 2025

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Ahsan Zafar Syed, CEO of Engro Energy Limited, estimates that if DISCO operations are not enhanced, the energy sector's inefficiencies will bring the circular debt to...

The World Bank Approves $450 Million Loan for Pakistan

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A $450 million loan has been approved by the World Bank to finance Pakistan's transition to renewable energy resources, which will minimize its dependence on imports...

Talks with IMF on Subsidies Remain Indecisive

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The first session of conversations between Pakistan and the International Monetary Fund (IMF) to restart the suspended credit programme remained inclusive, although the global lender continued to...

Banks to Share Customers’ Real-Time Data with FBR

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Modalities for sharing depositors' data have been finalized by the Federal Board of Revenue (FBR) and the Pakistan Banking Association (PBA). On Thursday, the FBR officially alleged that...

Circular Debt in Gas Sector Rises to Rs 250 Billion

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Minister of the Power Division Omar Ayub Khan has stated that the gas sector's circular debt has risen to Rs 250 billion, which can only be...
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