Business News
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Body formed for tax base expansion | The Express Tribune
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[ad_1] ISLAMABAD: Days before the arrival of a new technical mission from the International Monetary Fund (IMF) to study Pakistan’s tax system, the government has constituted a new committee under the supervision of a three-star military general for data integration to broaden the tax base. The Federal Board of Revenue (FBR) has notified the technical…
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Business leaders urge FTA to boost Pak-Kazakh trade | The Express Tribune
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[ad_1] ISLAMABAD: Local business leaders and traders are calling for the Free Trade Agreement (FTA) to elevate bilateral trade between Pakistan and Kazakhstan to the $1 billion mark. President of the Federation Pakistan Chamber of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, highlighted the pivotal role of the business community in achieving this ambitious trade…
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Black Friday: Was it 1869 US gold market crash or slaves’ clearance sale that started this tradition?
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[ad_1] Shoppers buy TV sets at a supermarket during a Black Friday sale in Sao Paulo, Brazil, November 23, 2023. — AFP When the phrase “Black Friday” was originally used, it wasn’t in reference to the post-Thanksgiving holiday shopping spree, but rather to the financial crisis, namely the September 24, 1869, crash of the US…
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PSX reaches another historic high
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[ad_1] A stock broker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP KARACHI: Stocks on Friday started the day on a positive note, marking a new milestone as the KSE-100 index crossed the 59,000 barrier for the first time in its…
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PSX crosses new milestone of 59,000 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) continued its record-breaking spree on Friday and surpassed the remarkable milestone of 59,000 points, reaching an all-time high of over 59,500 points due to economic optimism. The benchmark KSE-100 Index hit a record high of 59,502 points, rising by 1% or 602 points during the early trading hours…
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Pakistan IT exports could reach up to $10 billion under new policy: minister
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[ad_1] Caretaker IT Minister Dr Umar Saif is addressing event at a local hotel in Islamabad on November 23, 2023. — Ministry of IT and Telecommunication Caretaker Minister for Information Technology and Telecommunications Dr Umar Saif has said Pakistan IT exports could reach up to $10 billion under the country’s first-ever IT Export Strategy. Speaking…
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Global investors’ confidence in Pakistan rises | The Express Tribune
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[ad_1] KARACHI: Pakistan has won back confidence of global investors as the country risk premium fell significantly from the peak of over 14% in June while its dollar-denominated Eurobond prices rose notably. Topline Securities CEO Mohammed Sohail said on social media platform X “Pakistan’s country risk premium has fallen significantly from its peak of 14.13%…
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Financial misconduct claims in fertiliser sector, CPPs | The Express Tribune
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[ad_1] ISLAMABAD: Government officials are levelling accusations against fertiliser manufacturers, claiming that they are profiting at the expense of farmers while enjoying the benefits of cheaper gas. A recent Economic Coordination Committee (ECC) meeting highlighted a disparity in the intended purpose of supplying natural gas to the fertiliser sector at subsidised rates. While the goal…
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KE to collect additional surcharge from Karachiites till Nov 2024
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[ad_1] Workers seen on an electric pole in Islamabad, on October 26, 2023. — APP ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) Thursday approved a hike of Rs1.52 per kWh surcharge for Karachi Electric (KE) consumers. The approval was given on the federal government’s request, which will translate into a whopping Rs24.50 billion burden…
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IMF expects dollar price to improve | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan is likely to seek a waiver from the International Monetary Fund (IMF) for violating the condition of restricting the difference between inter-bank and open market currency rates as the lender improves its assumption for the average dollar price to Rs300. Highly placed sources said that compared to July’s underlying assumption of Rs305.2…
