Express
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Body formed for tax base expansion | The Express Tribune
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[ad_1] ISLAMABAD: Days before the arrival of a new technical mission from the International Monetary Fund (IMF) to study Pakistan’s tax system, the government has constituted a new committee under the supervision of a three-star military general for data integration to broaden the tax base. The Federal Board of Revenue (FBR) has notified the technical…
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Business leaders urge FTA to boost Pak-Kazakh trade | The Express Tribune
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[ad_1] ISLAMABAD: Local business leaders and traders are calling for the Free Trade Agreement (FTA) to elevate bilateral trade between Pakistan and Kazakhstan to the $1 billion mark. President of the Federation Pakistan Chamber of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, highlighted the pivotal role of the business community in achieving this ambitious trade…
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PSX crosses new milestone of 59,000 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) continued its record-breaking spree on Friday and surpassed the remarkable milestone of 59,000 points, reaching an all-time high of over 59,500 points due to economic optimism. The benchmark KSE-100 Index hit a record high of 59,502 points, rising by 1% or 602 points during the early trading hours…
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Global investors’ confidence in Pakistan rises | The Express Tribune
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[ad_1] KARACHI: Pakistan has won back confidence of global investors as the country risk premium fell significantly from the peak of over 14% in June while its dollar-denominated Eurobond prices rose notably. Topline Securities CEO Mohammed Sohail said on social media platform X “Pakistan’s country risk premium has fallen significantly from its peak of 14.13%…
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Financial misconduct claims in fertiliser sector, CPPs | The Express Tribune
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[ad_1] ISLAMABAD: Government officials are levelling accusations against fertiliser manufacturers, claiming that they are profiting at the expense of farmers while enjoying the benefits of cheaper gas. A recent Economic Coordination Committee (ECC) meeting highlighted a disparity in the intended purpose of supplying natural gas to the fertiliser sector at subsidised rates. While the goal…
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IMF expects dollar price to improve | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan is likely to seek a waiver from the International Monetary Fund (IMF) for violating the condition of restricting the difference between inter-bank and open market currency rates as the lender improves its assumption for the average dollar price to Rs300. Highly placed sources said that compared to July’s underlying assumption of Rs305.2…
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Scholars urge reforms to enhance connectivity | The Express Tribune
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[ad_1] KARACHI: Scholars are urging Pakistan to address internal challenges, enhance banking facilities, and improve airline connectivity with neighbours to end isolation in the region and beyond. Simultaneously, they recommend that other South Asian nations soften visa processes to foster socio-economic developments. The technology revolution has increased connectivity at all levels, particularly among people and…
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Development spending remains low priority | The Express Tribune
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[ad_1] ISLAMABAD: The federal government spent only Rs76 billion on development projects in the first four months of this fiscal year, equivalent to one-fourth of the authorised funds by the Planning Ministry. Development expenses remained at Rs76 billion, contrasting with the Rs301 billion authorisation under the Public Sector Development Programme (PSDP) 2023-24, as stated by…
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PSX hits another record, crosses 58,000 barrier | The Express Tribune
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[ad_1] The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 827.17 points, a positive change of 1.44 per cent, closing at 58,198.76 points against 57,371.59 points the previous trading day. A total of 596,217,827 shares valuing Rs22.054 billion were traded during the day as compared to 1,012,258,472 shares valuing…
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Experts stress need for opening up CPEC | The Express Tribune
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[ad_1] KARACHI: Pakistan is required to make a paradigm shift from geopolitics to geo-economics and open up the China-Pakistan Economic Corridor (CPEC) for its neighbours to achieve economic wellbeing and strengthen its position in the region and beyond. Speaking at a two-day conference on “South Asia and Regional Connectivity in the 21st Century”, organised by…
