Economy

The federal government is reviewing three different tax proposals as Pakistan’s health ministry proposed a 30% increase in the tax rates for the cigarette industry in the upcoming budget 2021-22. Tobacco companies, however, proposed no…
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The National Economic Council (NEC) on Monday approved the Gross Domestic Product (GDP) growth projections for the financial year 2021-22 including the proposed growth target of 4.8%. The sectoral growth targets approved for the next…
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From biryani to pilau, Pakistan and India's shared culinary landscape is defined by basmati, a distinctive long-grain rice now at the centre of the latest tussle between the bitter rivals. India has applied for an exclusive trademark…
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Prime Minister Imran Khan has decided to maintain the prices of petroleum products as they were on May 17th, 2021, a government release said.   The government has not increased the prices of the petroleum products since 16th April 2021…
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Prime Minister Imran Khan on Monday formally launched the country’s first Green Eurobond (Indus bond) by Water and Power Development Authority (Wapda) to meet the financial needs relating the construction of Diamer Bhasha and Mohmand dams.…
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The E-commerce sector is to grow in Pakistan as global tech giant Amazon has added the country to its sellers list officially. Abdul Razak Dawood, the adviser to prime minister for commerce and investment, took it to twitter to make the…
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Prime Minister Imran Khan on Thursday underscoring the transformational significance of China Pakistan Economic Corridor (CPEC), reaffirmed the country’s commitment to expeditiously complete CPEC projects. The Prime Minister expressed…
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Germany’s public sector deficit reached 189.2 billion euros ($225 billion) in 2020 thanks to the coronavirus pandemic, the first deficit since 2013 and the highest budget shortfall since German reunification three decades ago, the…
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ISLAMABAD: The Economic Coordination Committee of the cabinet lifted the ban on import of sugar and cotton from India. Addressing a press conference on Wednesday, the finance minister said the government had allowed sugar to be imported…
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The terms of China’s loan deals with developing countries are unusually secretive and require borrowers to prioritise repayment of Chinese state-owned banks ahead of other creditors, a study of a cache of such contracts showed on Wednesday.…
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The Economic Coordination Committee of the Cabinet is likely to lift the ban on the import of sugar and cotton from India, a media report said. “There are 21 items on the agenda of the ECC meeting to be chaired by the newly appointed…
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The Asian Development Bank (ADB) has approved a $300 million loan to finance the construction of a 300-megawatt hydropower plant that will increase the share of clean energy in Pakistan and improve the country’s energy security. The…
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ISLAMABAD: Pakistan's outoing finance minister Dr Hafeez Shaikh has tested positive for coronavirus, becoming the latest Pakistan official to contract the disease. This was shared by new Finance Minister Hammad Azhar on Twitter Tuesday…
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ISLAMABAD (APP): As many as 235 personnel from PowerChina International Group Limited (PowerChina) and 31 workers from other companies, returned to Pakistan for China Pakistan Economic Corridor (CPEC) projects with 230 boxes of…
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ISLAMABAD: Prime Minister Imran Khan said that Pakistan would facilitate Uzbekistan to get access to its seaports of Gwadar and Karachi in a bid to enhance regional connectivity and trade. In a meeting with Uzbekistan’s Foreign Minister…
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