Express
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How to go for reforms and not lose election? | The Express Tribune
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[ad_1] Economic reforms are usually perceived as unpopular and under democracies, these reforms are associated with a heavy political cost. Former finance minister Miftah Ismail and Prime Minister Shehbaz Sharif have repeatedly claimed that they are paying the political price of taking the right economic decisions. Exchange rate mechanism is a case in point. To…
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Surcharges in power bills have no link to consumption: NEPRA | The Express Tribune
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[ad_1] The National Electric Power Regulatory Authority (Nepra), in a report, has stated that there are certain surcharges in electricity bills which have nothing to do with a consumer’s power consumption. The top authority, in its State of the Industry Report 2022, stressed the need to stop charging consumers with irrelevant taxes and surcharges, while…
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Dar seeks to revive Q Block-SBP liaison | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar on Saturday termed linkage between fiscal and monetary policies “imperative” for economic growth – a coordination bridge that the International Monetary Fund (IMF) demolished early this year to get an absolute autonomy for the central bank. Dar “stressed that the fiscal and monetary policy coordination is imperative for sustainable…
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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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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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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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HBL vigorously contesting ‘terror financing’ charges in US | The Express Tribune
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[ad_1] Pakistan’s largest bank, Habib Bank Limited (HBL), has clarified that it is “vigorously” contesting the “terror financing” charges case in the United States. The statement came in response to the Bloomberg report which claimed that the bank faces secondary liability in a case in the US after “it failed to shake off claims of…
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PM lauds Miftah for avoiding default | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday appreciated the professionalism of former finance minister Dr Miftah Ismail, saying that he saved the country from default during severe economic crisis. The prime minister said Miftah Ismail took the toughest task of dealing with the economic situation including with the International Monetary Fund (IMF) programme. “Taking…
