Business News
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Consumers should not be charged with irrelevant taxes, surcharges in bills: NEPRA
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[ad_1] Office of the National Electric Power Regulatory Authority (NEPRA). — NEPRA/File ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA), in its State of the Industry Report 2022, said that there are certain surcharges in the electricity bills which have nothing to do with a consumer’s power consumption. NEPRA, in its report, said that there is…
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How worried should we be about Pakistan’s economy? | The Express Tribune
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[ad_1] ISLAMABAD: Concerns are rising again over the health of Pakistan’s economy as foreign reserves run low, the local currency weakens and inflation stands at decades-high levels despite the resumption of an International Monetary Fund funding programme in August. The IMF programme was meant to stabilise an economy that has been in a tailspin for…
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Finance ministry releases ‘ambiguous’ outlook report | The Express Tribune
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[ad_1] ISLAMABAD: The finance ministry on Friday predicted a halt in the inflation spike in September amid its inability to give forecasts for the country’s macroeconomic indicators while deviating from its previous standards. “September may show a halt to the recent drastic accelerations of the year-on-year inflation rate,” read the monthly economic outlook report. However,…
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FBR announces extension for filing income tax returns till October 31
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[ad_1] A representational image of the Federal Board of Revenue building. — APP/File ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date for filing income tax returns to October 31. The deadline has been extended keeping in view the demand of the business community. The news was announced by the newly appointed Federal Minister for…
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Good news: Petrol price slashed by Rs12.63 litre
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[ad_1] Finance Minister Ishaq Dar addressing a press conference on September 30, 2022. — YouTube screengrab/PTV News Live ISLAMABAD: Finance Minister Ishaq Dar on Friday announced a major reduction in the price of petrol and slashed it by Rs12.63 per litre. The newly appointed finmin, while addressing his maiden press conference in the federal capital,…
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Income tax returns filing deadline extended to Oct 31 | The Express Tribune
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[ad_1] The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns to October 31 amid low filing of tax returns. The FBR in a notification announced late Friday night that September 30 deadline has been extended up to October 31 “in view of floods and requests of various trade bodies…
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Explainer: How worried should we be about the economy? | The Express Tribune
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[ad_1] ISLAMABAD: Concerns are rising again over the health of Pakistan’s economy as foreign reserves run low, the local currency weakens and inflation stands at decades-high levels despite the resumption of an International Monetary Fund funding programme in August. The IMF programme was meant to stabilise an economy that has been in a tailspin for…
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PKR gains further against dollar after speculators warned of action
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[ad_1] A representative image. KARACHI: The Pakistani rupee appreciated further against the US dollar in the interbank market Friday — the sixth consecutive session — after Finance Minister Ishaq Dar’s warning to speculators to stop their activities. The local unit was being traded at 228 to a dollar after gaining 1.63 today. The rupee has…
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PM approves 2000MW solar power projects | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday principally approved the construction of solar power projects of 2000 megawatts in the public sector to generate low-cost and environment-friendly electricity. The prime minister, who chaired a meeting to review progress on the installation of 10,000 megawatts solar projects across the country, said it would also reduce…
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SBP-held reserves fall to alarming levels, declining by 4%
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[ad_1] — AFP/File KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) once again declined by 4.07% in line with the dominant trend over the last several weeks. On September 23, the foreign currency reserves held by the SBP were recorded at $8,005.9 million, down $341 million compared with $8,346.4 on…
