The World Bank (WB) has reaffirmed its commitment to supporting Pakistan’s economic stabilization and revenue enhancement through comprehensive reforms and digitalization programs.
(more…)Author: Mrs. Anjum Shahnawaz
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LSM Records Modest Growth of 0.6% in February 2024
Islamabad, April 16, 2024 – Official data released on Tuesday revealed that Pakistan’s Large-Scale Manufacturing (LSM) sector witnessed a slight expansion of 0.6 percent in February 2024 compared to the same period last year.
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SECP Urges Removal of Multiple Taxes on Insurance
Islamabad: In a bid to unlock the potential of micro and inclusive insurance in Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has called upon the Federal Board of Revenue (FBR) to eliminate multiple layers of taxation on insurance products.
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IMF Estimates 2% GDP Growth for Pakistan in FY24
Islamabad, April 16, 2024 – The International Monetary Fund (IMF) has released its latest report, projecting a two per cent GDP growth rate for Pakistan in the current fiscal year FY24, a significant improvement from the -0.2 per cent recorded in FY23.
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Consumers to Get Reduced Electricity Bills in May 2024
Islamabad, April 16, 2024 (PkRevenue.com): In a move aimed at providing relief to consumers, the Ministry of Power Division announced today that electricity bills for the month of May will see a significant reduction.
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Balochistan Braces for Hailstorm on April 17
April 16, 2024 – The Pakistan Meteorological Department (PMD) has issued a warning for a hailstorm in Balochistan on Wednesday, April 17, 2024.
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Pakistan Engages in Talks with IMF for New Loan Agreement
Pakistan has commenced discussions with the International Monetary Fund (IMF) regarding a new multi-billion dollar loan agreement aimed at supporting its economic reform program, announced Muhammad Aurangzeb, the Federal Minister for Finance and Revenue.
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Pakistan and Saudi Arabia Reiterate Cementing Economic Ties
Islamabad, April 16, 2024 – Pakistan and Saudi Arabia reaffirmed their dedication to bolstering economic relations on Tuesday, as Saudi Foreign Minister Prince Faisal bin Farhan Al Saud met with Prime Minister Muhammad Shehbaz Sharif.
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Pakistan Raises Petrol and Diesel Prices Effective April 16, 2024
Islamabad, April 15, 2024 – Pakistan announced a significant increase in petrol and diesel prices, set to take effect from April 16, 2024, stirring concerns among consumers already grappling with high inflation rates.
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High-Level Saudi Delegation Lands in Pakistan
Islamabad, April 15, 2024 – A high-level Saudi delegation, led by Foreign Minister Prince Faisal bin Farhan bin Abdullah, touched down in Pakistan on Monday, marking a significant milestone in bilateral relations between the two nations.
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