Tag: Economic Development
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Pakistan to build $10 billion oil refinery to alleviate energy shortages
In a significant move aimed at tackling Pakistan’s persistent energy crisis, the government, in collaboration with the Special Investment Facilitation Council (SIFC), has finalized a groundbreaking agreement.
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PM Shehbaz foresees three-year IMF programme continuation
Prime Minister (PM) Shehbaz Sharif has indicated that the new International Monetary Fund (IMF) programme is expected to extend for three years.
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Pakistan’s forex reserves surge to $8.02 billion, SBP data shows
The latest data released on Thursday revealed a noteworthy surge in the foreign exchange reserves held by the State Bank of Pakistan (SBP), marking an increase of $105 million over the course of a week, reaching a total of $8.02 billion as of March 15.
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IMF urges Pakistan to expand capital gains tax scope to include cryptocurrencies
The International Monetary Fund (IMF) has advised the Federal Board of Revenue (FBR) to broaden the scope of capital gains tax (CGT) by incorporating cryptocurrencies into the tax regime.
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SBP sees surge of over $17 million in forex reserves
The latest data released by the State Bank of Pakistan (SBP) revealed a notable rise in the country’s foreign exchange reserves. During the week ending March 8, 2024, SBP’s reserves increased by $17.2 million, marking a 0.22 per cent growth, reaching a total of $7.91 billion.
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Understanding GSP+ status: What it means for Pakistan’s trade relations
The Pakistan Tehreek-e-Insaf (PTI) has vehemently dismissed accusations levelled by Federal Information Minister Attaullah Tarar, labelling them as unfounded and baseless.
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SBP’s foreign exchange reserves rise by $13 million
In a positive development for Pakistan’s economic landscape, the State Bank of Pakistan (SBP) reported a weekly increase of $13 million in its foreign exchange reserves, reaching a total of $8.05 billion as of February 9, according to data released on Thursday.
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Pakistan sets sights on $5 billion smartphone exports by 2029
Pakistan’s mobile phone industry is experiencing a significant boom, with plans to export smartphones worth $500 million in the next two years and an ambitious target of $5 billion in the next five years, according to the Federal Minister of IT and Telecom, Dr Umar Saif.
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Pakistan welcomes PayPal through strategic alliance
In a groundbreaking move for Pakistan’s burgeoning freelance community, PayPal is set to establish its presence in the country through a strategic partnership with an existing international payment gateway.
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Federal cabinet to approve FBR restructuring in upcoming meeting
In a significant development, the caretaker government has concluded the comprehensive restructuring plan for the Federal Board of Revenue (FBR).