Tag: business community
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Federal govt decides to shut down utility stores
Geo News has reported that the federal government has decided to shut down utility stores. According to the administration, the federal government has given two weeks to solve transaction matters with other companies. They pointed out that the federal government has already lifted subsidies. The administration stated that out of 11,000 employees, 6,000 are permanent,…
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Business community seeks budgetary reforms to promote industry growth
The business community has called for comprehensive reforms and increased facilities in the upcoming 2024-25 budget to promote industry growth by broadening the tax base.
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Fact Check: Did the Army Chief say ‘No political party is sincere with Pakistan?’
On Sept 4, Chief of Army Staff (COAS) General Syed Asim Munir pledged unwavering efforts to attract foreign investment and rejuvenate the economy during an extensive meeting with members of the business community. In the meeting, he engaged openly and candidly with them. The controversy started when a renowned businessman Zubair Motiwala appeared in Nadeem…
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Business community finds hope as COAS Munir vows to tackle corruption and boost investment
Highlighting a pivotal development, General Munir disclosed that Saudi Crown Prince Mohammad Bin Salman had committed to depositing $10 billion of this investment in the State Bank of Pakistan (SBP), to be reimbursed in Pakistani rupees or goods, thereby bolstering foreign exchange reserves.
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Load shedding and unbearable hike in electricity prices hit Pakistani homes and businesses
Pakistan is facing an ongoing and unbearable increase in electricity tariffs, causing hardships for the majority of the population. The government justifies these price hikes by claiming they are under pressure from the International Monetary Fund (IMF) to generate more revenue. However, the tariff increase is mainly due to fuel price adjustments and high taxes…
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Khyber Pakhtunkhwa businessmen threaten industrial shutdown amidst worsening law and order situation
Khyber Pakhtunkhwa (KP) business community has expressed their concerns regarding the unfavorable law and order conditions, threatening a potential shutdown of industrial operations.
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Strengthening economic ties: Pakistan expects substantial benefits from trade agreement with Russia
Pakistan and Russia have successfully concluded a bilateral trade agreement during a three-day economic conference in Kazan, Russia. The deal aims to streamline trade operations and reduce costs between the two nations, strengthening economic ties.
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Transporters overcharge passengers after fresh increase in fuel prices
The recent hike in petroleum prices has been met with public outcry, with many stating that the significant increase in petrol prices has severely impacted the common man, as transporters have raised fares just ahead of Eid-ul-Fitr. This rise in oil product prices is also expected to have repercussions on the cost of daily commodities,…
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Ishaq Dar assures govt is taking all possible measures to overcome economic challenges
The Finance Minister of Pakistan, Ishaq Dar, has stated that the federal government is working diligently to steer the country out of its current economic challenges and towards sustainable growth. Speaking at an Iftar dinner hosted by the Islamabad Chamber of Commerce and Industry (ICCI) in honor of foreign diplomats, Dar urged friendly countries to…
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Miftah assures to address the issues of business community
Finance Minister Miftah Ismail has assured the business community that their problems related to electricity bills and taxation will be resolved soon. He made this announcement during a meeting at the Finance Division with a Markazi Tanzeem-Tajaran Pakistan delegation led by its president, Muhammad Kashif Chaudary. Miftah tweeted on Sunday that he would meet with…