Pakistan
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‘Pakistan faces $30b loss after floods’ | The Express Tribune
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ISLAMABAD: Federal Minister for Planning, Development & Special Initiatives, Ahsan Iqbal, chaired the fourth meeting of the Policy and Strategy Committee (PSC) and the Oversight Board on Post-Flood Reconstruction Activities. The meeting, held in Islamabad, reviewed the progress of ongoing…
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Pakistan sees 71% surge in tax filers as FBR surpasses collection targets | The Express Tribune
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The Federal Board of Revenue (FBR) has reported a significant 71% increase in the number of tax return filers for the fiscal year 2023 (FY23), with an additional 2.2 million people filing, bringing the total to 5.3 million. The deadline for…
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Correcting West’s narrative on Pakistan | The Express Tribune
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KARACHI: Pakistan’s economy is poised to enter a sustainable growth phase after achieving recent stability. This is evident as renowned global credit rating agencies, including Fitch and Moody’s, upgraded Islamabad’s credit rating in July and August. These upgrades acknowledge that…
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Pakistan seeks to renegotiate power deals to slash unsustainable electricity costs, says minister Leghari | The Express Tribune
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Pakistan is renegotiating contracts with independent power producers to rein in “unsustainable” electricity tariffs, Energy Minister Awais Ahmad Leghari has said as power customers tackle with soaring unsustainable costs. Rising power tariffs have stirred social unrest and shuttered industries in the…
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Not on IMF agenda, but Pakistan hopes to secure bailout | The Express Tribune
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ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Tuesday that the government was at the “advanced stages” of getting assurances about external financing but he again did not give a firm timeframe to conclude the pending $7 billion deal with the…
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Pakistan ‘striving’ to meet IMF terms amid resistance to tax reforms
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Finance Minister Muhammad Aurangzeb calls on Prime Minister Muhammad Shehbaz Sharif in Islamabad. — Online/File Hoping that Pakistan will no longer have to rely on the lender of last resort for external funding in the future, Prime Minister Shehbaz Sharif…
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Pakistan records lowest inflation in nearly three years | The Express Tribune
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Listen to article Pakistan’s consumer price index (CPI) rose by 9.6 per cent year-on-year (YoY) in August, marking a 34-month low, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. The CPI, which tracks household inflation by measuring…
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Petrol price in Pakistan goes down by Rs1.86 per litre
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A view of large number of motorcyclist filling fuel from PSO petrol pump in Hyderabad on July 2, 2022. — APP ISLAMABAD: Following the approval of Prime Minister Shehbaz Sharif, the federal government on Saturday announced reduction in petrol price…
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Pakistan approves PWD closure and ML-1 financing agreement with China | The Express Tribune
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Listen to article The federal cabinet, under the leadership of Prime Minister Shehbaz Sharif, has approved the immediate closure of the Pakistan Public Works Department (PWD) and the implementation of the first phase of the ML-1 railway project. During today’s cabinet meeting,…
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Pakistan to pay Rs18.7 trillion in debt this year: Finance ministry | The Express Tribune
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The federal government has released details of national and foreign debt up to June this year, as reported by the Ministry of Finance. The data was presented to the National Assembly. As of June this year, Pakistan’s domestic debt stood…
