Business News
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WTO chief warns world edging into ‘global recession’
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[ad_1] This file photo taken on April 22, 2022 shows pounds and US dollar banknotes displayed on a table in London. — AFP/File GENEVA: The World Trade Organization’s chief said Tuesday she believes the world is heading towards a global recession due to multiple colliding crises, and called for radical policies to revive growth. WTO…
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FBR enables Refund Adjustment Tab | The Express Tribune
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[ad_1] KARACHI: The Federal Board of Revenue (FBR), on Tuesday, enabled the ‘Refund Adjustment’ tab in the return forms to ensure the smooth filing of tax-returns, improve the ease of doing business and decreasing the cost of compliance for taxpayers. The move came after the FBR received a number of representations from various tax bars,…
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World edging into ‘global recession’ | The Express Tribune
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[ad_1] GENEVA: The world is heading towards a global recession due to multiple colliding crises, said the World Trade Organisation’s (WTO) Chief Ngozi Okonjo-Iweala. Russia’s war in Ukraine, the climate crisis, food price and energy shocks plus the aftermath of the Covid-19 pandemic were creating the conditions for a world recession, she said. “Now we…
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What could be latest petrol price in Pakistan from October 01?
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[ad_1] Representational image of a man refilling fuel tank. — AFP/File The government is likely to slash prices of diesel and petrol by Rs15 and Rs5, respectively from October 1, 2022, as the POL rates nosedived in the international markets, sources within the industry said Tuesday. Sources revealed that the cut in POL prices will…
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Oil prices slide, hit 9-month lows | The Express Tribune
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[ad_1] NEW YORK: Oil prices hit nine-month lows on Monday in choppy trade, pressured by a strengthening dollar as market participants awaited details on new sanctions on Russia. Brent crude futures for November settlement fell by $1.09, or 1.3%, to $85.06 a barrel by 1558 GMT. The session low was $84.51, the lowest since January…
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Ishaq Dar affect? Rupee registers massive gains against dollar
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[ad_1] A currency dealer can be seen counting Rs500 notes. — AFP/File KARACHI: The rupee made massive gains on Monday, skyrocketing by 1.11% against the US dollar in the interbank market, hours before the arrival of PML-N leader Ishaq Dar in the country who is slated to become Pakistan’s new finance minister. In the interbank…
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Ishaq Dar tasked to control dollar, bring down inflation
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[ad_1] PML-N leader Ishaq Dar before departure to Pakistan. LONDON: PML-N supremo Nawaz Sharif has tasked his close aide and party’s finance guru, Ishaq Dar, to control the rising dollar rate and bring down inflation that has affected the government badly. The former finance minister has departed from London for Islamabad after remaining in exile…
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Pound hits record low versus dollar
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[ad_1] Sterling pound banknotes and coins displayed on a table in London, UK, April 22, 2022. — AFP HONG KONG: The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled a huge tax-cutting budget. The selloff came as most equity markets across Asia fell…
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No tax exemption granted to ex-military officers for importing bulletproof vehicles, clarifies FBR
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[ad_1] The building of the Federal Board of Revenue (FBR). — Twitter/File ISLAMABAD: The Federal Board of Revenue (FBR) clarified Saturday that no Statutory Regulatory Order (SRO) has been issued granting exemption to ex-military officers for importing bulletproof vehicles tax-free. “FBR categorically denies reports appearing in some sections of media that it has issued an…
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IMF has indicated willingness to ease Pakistan loan conditions, Miftah Ismail says
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[ad_1] Finance Minister Miftah Ismail. -File/APP NEW YORK: In a major relief for the struggling Pakistan economy, the International Monetary Fund (IMF) has indicated a willingness to relax the tough conditions under which the country signed the loan programme. This was shared by Minister for Finance Miftah Ismail who is in New York along with…
