The persistent cold wave in Islamabad shows no signs of abating as the federal capital recorded minimum temperatures at or below zero degrees Celsius for the fifth consecutive day.
(more…)Author: Mrs. Anjum Shahnawaz
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APTMA Urges SBP to Cut Interest Rate to 10% for Revival
The All Pakistan Textile Mills Association (APTMA) has called on the State Bank of Pakistan (SBP) to reduce the benchmark interest rate from the current 15% to 10%, emphasizing that such a move is crucial for revitalizing the economy.
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FBR Cracks Down on Tax Evasion in Sugar Mills
Islamabad – The Federal Board of Revenue (FBR) has intensified its enforcement efforts to combat tax evasion in the sugar industry, launching a series of operations against non-compliant sugar mills in Punjab and Sindh.
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Ongoing Cold Wave in Pakistan to Subside Soon: PMD
Pakistan Meteorological Department (PMD) has said that the ongoing cold wave in the country to subside soon. In its weather report, the PMD said continental air is dominating most parts of the country. A shallow westerly wave persists over the upper and western regions.
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PayPal Payment Solution Discussed for Pakistan’s Freelancers
Islamabad, December 13, 2024 – A high-level meeting of the Prime Minister’s Committee on IT Export Remittances convened to address the pressing need for payment solutions, including PayPal, to support Pakistan’s freelancers. The meeting emphasized the urgency of enabling access to global payment gateways and developing localized payment systems to empower IT professionals and enhance Pakistan’s global competitiveness.
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PM Shehbaz Directs Further Reduction in Electricity Tariffs
Islamabad, December 13, 2024 – Prime Minister Muhammad Shehbaz Sharif has directed authorities to take further steps in reducing electricity tariffs and to fast-track the implementation of plans for future power generation projects.
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Karachi May Experience Below 10°C Amid Cold Wave
The Pakistan Meteorological Department (PMD) has forecasted a significant drop in Karachi temperature over the next 48 hours, with the mercury potentially dipping below 10°C. The ongoing cold wave is expected to persist, affecting most parts of the country, including the coastal city.
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PMD Issues Cold Wave Warning Across Pakistan
Islamabad, December 12, 2024 – The Pakistan Meteorological Department (PMD) has issued a warning regarding a persistent cold wave likely to affect most parts of the country. Citizens are advised to prepare for continued cold and dry conditions, especially in hilly areas, where temperatures are expected to drop significantly.
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APTMA Raises Flags on New Customs Clearance
The All Pakistan Textile Mills Association (APTMA) has called on the Federal Board of Revenue (FBR) to revisit the newly proposed customs clearance system in consultation with industry stakeholders. APTMA has emphasized that the changes, if implemented without due consideration, could disrupt industrial operations, hinder exports, and negatively impact Pakistan’s economic landscape.
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Pakistan Secures $200M ADB Loan for Electricity Improvements
The Asian Development Bank (ADB) has approved a $200 million loan to support Pakistan in modernizing its power distribution infrastructure and enhancing the capacity of distribution companies to provide reliable electricity.
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