govt
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Govt jacks up prices of petrol, diesel by Rs30 per litre | The Express Tribune
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[ad_1] The federal government has finally taken a tough decision to increase the petroleum prices by Rs30 per litre, Finance Minister Miftah Ismail announced. New prices will be effective from midnight (today), he added The development came a day after Pakistan and the International Monetary Fund (IMF) failed to reach a staff-level agreement for the…
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Govt committed to reviving the IMF programme, says Miftah | The Express Tribune
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[ad_1] Finance Minister Miftah Ismail on Thursday said that the Pakistan Muslim League-Nawaz (PML-N) government is “committed to reviving the IMF programme and put Pakistan back on a sustainable growth path.” Ismail had returned from Doha, Qatar, where talks were being held between Islamabad and the fund from May 18th to 25th. Finance Minister Ismail…
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Govt asked to remove sales tax on hybrid seeds | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Hi-Tech Hybrid Seed Association (PHHSA) Chairman Shahzad Ali Malik has urged the government to withdraw 17% sales tax on hybrid seeds for boosting agricultural production in order to ensure food security by increasing the per-acre output of all crops. Speaking to a delegation of progressive women entrepreneurs, led by Shaneela Hayat from…
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Govt mulls incentives to raise cotton output | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to offer incentives to the farmers to enable them to switch over from the water-intensive sugarcane crop to cotton production in a bid to rely less on cotton imports and enhance textile exports amid a rapidly widening trade deficit. A plan in that regard was tabled before Prime Minister…
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Govt agrees to implement IMF demands | The Express Tribune
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[ad_1] ISLAMABAD: In a nerve-wracking development, the incumbent government, after much deliberations, has finally agreed to implement most of the demands of the International Monetary Fund (IMF), raising the possibility of the country “coming back on track economically” and receiving the next IMF loan tranche. Talks between IMF and Pakistan continued for the second consecutive…
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Govt bans import of essential & luxury items | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday gave the go-ahead to a temporary ban on the imports of around three-dozen goods — essential and luxury items — but refused to slap regulatory duties to curb imports. He also permitted to limit the imports of many goods — including completely knocked down (CKD) cars and…
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Govt ready to make tough decisions | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Wednesday reassured the International Monetary Fund (IMF) that it was ready to take the much-needed tough economic measures, including increase in electricity and petroleum product prices, as both sides were locked in parleys to save the economy from default. The fresh commitment – the second in the past four weeks –…
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Govt imposes ‘complete’ ban on import of luxury items | The Express Tribune
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[ad_1] ISLAMABAD: The federal government on Wednesday decided to impose a complete ban on the import of unnecessary and luxury items to deal with the country’s unsettling economic woes, according to Express News. The decision was taken during a high-level meeting held under the chairmanship of Prime Minister Shehbaz Sharif in which the economic situation…
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Govt asked to regularise cryptocurrency | The Express Tribune
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[ad_1] ISLAMABAD: International players have called on Pakistan’s government to regularise cryptocurrency trade to stop fraud and capital flight. At present, there is irregular trade in cryptocurrency with estimated annual volume of around $20 billion. One of the key global players, RAIN, the first licenced crypto asset company, suggested that the government should tax crypto…
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Govt split over import curbs | The Express Tribune
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[ad_1] ISLAMABAD: The government on Monday appeared deeply divided over the extent of import curbs, as the prime minister wanted a steep reduction to avoid the looming default but was not ready for reduced working days while the economic team wanted the economy to keep running. Back-to-back meetings were held in the capital to find…
