Tribune
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Govt may raise tax on banks | The Express Tribune
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[ad_1] ISLAMABAD: The government may increase the super tax on commercial banks to 7% and also further enhance the additional tax on profits that banks make by extending loans to the cash-starved central government. If both proposals pass the scrutiny and are subsequently approved by the National Assembly, the effective increase in the additional tax…
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Poultry sector demands sales tax-free status | The Express Tribune
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[ad_1] LAHORE: Pakistan Poultry Association (PPA) has asked the government to remove all duties and sales tax on the import of raw material, chemicals and machinery used in the production of primary food. The association has demanded that the government should remove sales tax on grain, meat, eggs, milk, fish, vegetables, fruits and edible oil.…
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Footwear industry eyes $1b export target | The Express Tribune
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[ad_1] LAHORE: Footwear manufacturers, while terming the ban on import of goods a right and wise decision, have expressed hope that the move will lead to 100% local shoe manufacturing over the coming years. “We have set the shoe export target at $1 billion for 2027, but hopefully we will achieve the goal by 2026,”…
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Hybrid seeds to tackle shortage | The Express Tribune
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[ad_1] ISLAMABAD: If a butterfly flapping its wings can bring a storm across the ocean, then the conflict between Ukraine and Russia, known as the breadbaskets of the world, which account for nearly 30% of global wheat exports, has brought immeasurable consequences to the whole world, as wheat prices have risen about 60% this year.…
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Bourse closes in green on cherry-picking | The Express Tribune
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[ad_1] Market watchBourse closes in green on cherry-pickingBenchmark KSE-100 index adds 262.33 points to settle at 41,577.21OUR CORRESPONDENTKARACHIPakistan stock market opened the week on a positive note on Monday as investors opted for cherry-picking of attractive stocks.Following the bearish spell in the previous week, the session started on a positive note, but the benchmark KSE-100…
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Oil prices dip but stay close to $120 | The Express Tribune
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[ad_1] Oil prices dip but stay close to $120 Saudi Arabia raised price for Arab Light crude supply to Asia buyers LONDON Oil prices dipped on Monday after topping $120 a barrel as Saudi Arabia raised crude prices for July. Crude moved lower amid doubts that last week’s decision by OPEC+ oil producers to boost…
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No financial emergency in Pakistan, says Miftah | The Express Tribune
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[ad_1] Finance Minister Miftah Ismail said on Monday that there was no financial emergency in Pakistan, especially after the two back-to-back increase in the price of petroleum. The federal minister said the prime minister at “some point” will announce austerity measures, as he ruled out any kind of financial emergency in light of the poor…
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Rupee drops to one-week low of 200.51 against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee on Monday slumped 1.30% (or Rs2.59) to a one-week low of Rs200.51 against the US dollar at around 1:45pm in the inter-bank market on Monday marking another significant drop for a single day. The rupee had closed at Rs197.92 against the greenback on Friday, according to the central bank. “This…
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Rupee drops to two-week low of 200.51 against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee on Monday slumped 1.30% (or Rs2.59) to a two-week low of Rs200.51 against the US dollar at around 1:45pm in the inter-bank market on Monday marking another significant drop for a single day. The rupee had closed at Rs197.92 against the greenback on Friday, according to the central bank. “This…
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PM to address pre-budget conference tomorrow | The Express Tribune
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[ad_1] ISLAMABAD: A pre-budget conference on business, agriculture and IT will be held in Islamabad on Tuesday to sensitise the private business sector and incorporate their valuable suggestions. Prime Minister Shehbaz Sharif will be the chief guest and will address the conference. The event comes as Pakistan faces a crippling economic crisis and the government…
