Business News
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Business owners can benefit from these two WhatsApp features
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[ad_1] The picture shows the WhatsApp logo on a phone. — AFP/File Meta-owned WhatsApp on Tuesday announced two new features for people who run small businesses, providing them with the ability to reach out to their customers more efficiently. According to WaBetaInfo, business owners will be able to create ads without needing a Facebook account and…
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Pakistan, IMF negotiations underway to ‘quickly’ reach pact
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[ad_1] The International Monetary Fund’s (IMF) building in Washington, United States. — AFP/File The discussions between the International Monetary Fund (IMF) and Pakistan are underway to “quickly” revive the stalled bailout package, global lender’s mission chief to Pakistan Nathan Porter said on Tuesday. “Over the past few days, the Pakistani authorities have taken decisive measures…
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In a first, FBR raises over Rs7 trillion revenue
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[ad_1] An outside view of the Federal Board of Revenue’s (FBR) office. — Twitter/FBR/File Lauding the Federal Board of Revenue (FBR), Finance Minister Ishaq Dar has announced that the tax collection body has raised Rs7 trillion by June 26, making it the first time in the history of Pakistan. Taking to his official Twitter handle,…
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Desperate PM Shehbaz makes 4th contact with IMF chief in six days
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[ad_1] Prime Minister Shehbaz Sharif (right) meets IMF MD Kristalina Georgieva in this undated image. — PM’s Office Prime Minister Shehbaz Sharif Tuesday made his fourth contact with International Monetary Fund (IMF) Managing Director (MD) Kristalina Georgieva in six days as the cash-strapped nation scrambles to revive a stalled bailout programme. Rating agencies and economists fear…
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LHC upholds legality of super tax, reduces rate to 4% | The Express Tribune
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[ad_1] LAHORE: In a significant ruling, the Lahore High Court on Tuesday upheld the legality of the super tax that was imposed by the federal government last year, Express News reported. The court’s decision comes in response to several petitions filed against the tax’s enforcement. According to Express News, over 350 petitioners approached the court…
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Pakistan inches closer to IMF funding | The Express Tribune
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[ad_1] ISLAMABAD: After revising the budget in line with the International Monetary Fund’s demands, Pakistan expects progress towards securing the 9th review programme by receiving a Memorandum for Economic and Financial Policy (MEFP), sources said on Monday. The sources said that soon after the approval of the MEFP, the staff-level agreement and an IMF board…
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Another Rs4 billion approved for PIA | The Express Tribune
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[ad_1] ISLAMABAD: The government on Monday approved a Rs4 billion bailout package to pay the interest cost on the legacy loan of Pakistan International Airlines (PIA) — a sum that still falls short of the money needed to settle the entity’s liabilities and avoid international embarrassment. According to the Finance Ministry, the Economic Coordination Committee…
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Gold regains shine, price rises by Rs800 per tola in Pakistan
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[ad_1] An undated image of gold jewellery displayed at a store. — AFP/File KARACHI: The gold price in Pakistan and in the international market registered an increase at the start of the week on Monday. The price of gold (24 carats) increased by Rs800 per tola and Rs685 per 10 grams to settle at Rs215,300…
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SBP increases interest rate to record high in emergency huddle
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[ad_1] An undated picture of the State Bank of Pakistan’s building. — AFP/File The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Monday raised the policy rate by 100bps to a record high of 22% in an emergency meeting as it expects an increase in inflation due to the raising of taxes and…
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SBP hikes key policy rate by 100 basis points to 22% | The Express Tribune
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[ad_1] KARACHI: Fulfilling another demand of the International Monetary Fund (IMF) to revive its loan programme, Pakistan’s central bank jacked up its key policy rate by 100 basis points to a new record high at 22 per cent in an emergency meeting on Monday. The rate would become effective from Tuesday. The State Bank of…
