Pakistan
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NA passes tax-heavy budget as Pakistan looks to secure new IMF deal
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[ad_1] Finance Minister Muhammad Aurangzeb addressing on the floor of the National Assembly, on June 28, 2023. — Facebook/@NationalAssemblyOfPakistan ISLAMABAD: The National Assembly on Friday passed the tax-heavy Finance Bill 2024 as the government seeks to secure the new International…
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JVs get govt’s go-ahead to move Chinese industries to Pakistan
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[ad_1] Prime Minister Muhammad Shehbaz Sharif chairs a meeting on matters related to the Board of Investment, in Islamabad on Wednesday, June 26, 2024.— APP Prime Minister Shehbaz Sharif on Wednesday gave the go-ahead to joint ventures (JVs) between the…
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Pakistan budget to significantly reduce government debt, rating agency Fitch predicts | The Express Tribune
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[ad_1] Fitch forecasts Pakistan’s FY25 budget to significantly reduce government debt, which is projected to decline to 68% of GDP by the end of FY24. This reduction is attributed to high inflation and deflator effects, which help offset soaring domestic…
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Pakistan hopeful of reaching staff-level agreement with IMF in July: Aurangzeb
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[ad_1] Finance Minister Muhammad Aurangzeb addresses post-budget press conference in Islamabad on June 13, 2024. — Screengrab/GeoNews ISLAMABAD: Finance Minister Muhammad Aurangzeb said Thursday the federal government was hopeful of reaching a staff-level agreement with the International Monetary Fund (IMF)…
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Budget FY25: Pakistan sets challenging Rs13tr tax revenue target to woo IMF
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[ad_1] Finance Minister Muhammad Aurangzeb is presenting budget 2024-25 in the National Assembly on June 12, 2024. — APP ISLAMABAD: Preferring long-term economic sustainability over giving a short-run break to inflation-hit and income-strapped masses, Pakistan has decided to chase an…
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Pakistan unlikely to purchase spot LNG in summer despite extreme heat
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[ad_1] An image of a liquified natural gas (LNG) cargo carrier in the ocean. — Reuters/File Pakistan is unlikely to buy liquefied natural gas (LNG) cargoes on the spot market until at least the beginning of winter in November due…
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Experts share two cents on Pakistan Economic Survey 2023-24
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[ad_1] A vegetable vendor (L) attends to a customer at a market in Islamabad on June 3, 2024. — AFP Pakistan’s gross domestic product (GDP) witnessed a growth of 2.38% in the outgoing fiscal year unexpectedly as it was estimated to…
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Pakistan economic survey 2023-24 to be unveiled today
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[ad_1] Representational image of people buy pulses and grains at a wholesale market. — AFP/File The Economic Survey of Pakistan 2023-24, a pre-budget document containing the details of major socio-economic achievements during the outgoing fiscal year, is set to be…
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Pakistan Stock Exchange witnesses bearish trend, loses 501 points | The Express Tribune
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[ad_1] ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) saw a bearish trend on Monday, losing 501.46 points, or 0.68%, to close at 73,252.56 points, down from 73,754.02 points the previous day. A total of 350.7 million shares valued…
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Pakistan breaks records with $3.24b remittances | The Express Tribune
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[ad_1] KARACHI: In a historic development, Pakistan hit an all-time high inflow of workers’ remittances sent home by non-residents at $3.24 billion in May 2024 on Friday. This surge suggests that the balance of the current account would remain in…
