Business News
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‘Oversight’ in Finance Act to cause rise in hospitalisation cost | The Express Tribune
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[ad_1] KARACHI: The federal government – in a move to control or reduce the prices of medicines, vide the Finance Supplementary Act, 2022 – has transformed the sales tax exemption which was earlier applicable to medicines into the zero-rating regime. Consequently, pharmaceutical companies will now be able to get adjustments or refunds for the amount…
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Post MPS blues | The Express Tribune
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[ad_1] The State Bank of Pakistan announced its decision to keep the policy rate stable at 9.75% this week. The market had mixed expectations on whether there would be a hike or not. Given that inflationary and external account pressures stem mainly from supply side issues, it was not hard for the central bank to…
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Rupee falls to new all-time low | The Express Tribune
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[ad_1] KARACHI: The rupee weakened to an all time low against the US dollar at Rs178.63 in the inter-bank market on Wednesday compared with Tuesday’s close of Rs178.61, according to the State Bank of Pakistan (SBP). On December 29, 2021 the rupee hit an all-time low of Rs178.24 against the greenback as demand for the…
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Smuggling of urea threatens food security | The Express Tribune
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[ad_1] LAHORE: Farmers have urged the government to take immediate action against the smuggling of urea from Pakistan to the bordering countries. In a statement on Wednesday, Pakistan Kissan Ittehad (PKI) President Khalid Khokhar highlighted that smuggling of large quantities of urea to Afghanistan and beyond would trigger shortage of fertiliser in the local market…
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Mortality rate from lumpy skin disease 1-5%, NA body told | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Food Security informed the National Assembly Standing Committee on Food Security that the mortality rate of lumpy skin disease in animals is between 1-5%. A meeting of the standing committee was held under the chairmanship of Rao Muhammad Ajmal Khan. Minister for Food Security Syed Fakhar Imam also attended the…
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Consistency of IT policies key to attracting FDI | The Express Tribune
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[ad_1] ISLAMABAD: The government should ensure consistency of policies for attracting foreign companies and to create a base for software development, a senior official of an IT solution provider emphasised. Talking to journalists on Wednesday, SAP Managing Director Saqib Ahmed underlined that the government should come up with a long-term policy for stimulating investment in…
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Fly Jinnah airline unveils brand identity | The Express Tribune
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[ad_1] Fly Jinnah, Pakistan’s new low-cost carrier, on Wednesday revealed its visual brand identity. Fly Jinnah’s’ brand identity, with its brand name abbreviation “FJ”, has adopted the vibrant red as its main colour to reflect the young and modern spirit of the airline while the logo and brand identity consisting of its unique font and…
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Budget deficit to touch record Rs4.3tr | The Express Tribune
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[ad_1] ISLAMABAD: The federal government will miss its budget deficit target by Rs318 billion and could book, for the first time in history, over Rs4.3 trillion deficit in the current fiscal year, the finance ministry informed the federal cabinet. The record Rs4.3 trillion federal budget deficit will be equal to 8% of the gross domestic…
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Halal meat export to Tashkent begins | The Express Tribune
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[ad_1] KARACHI: Pakistan’s accession to the International Transport of Goods (TIR) Convention has opened up new avenues of regional trade and as a result bilateral exchanges between Pakistan and Central Asian states are growing. Taking advantage of the potential for trade with the Central Asian states, Pakistani exporters have kick-started export of Halal meat to…
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Oil plunges 17% as UAE, Iraq plan to boost output | The Express Tribune
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[ad_1] BENGALURU: Oil prices plunged as much as 17% after media reports said OPEC producers United Arab Emirates and Iraq would support increased production, potentially offsetting some of the supply disruptions caused by sanctions on Russian oil after its invasion of Ukraine. Brent crude fell more than 17%, or $22, to hit a session low…
