Islamabad, June 14, 2023: BIPARJOY, a very severe cyclonic storm, is projected to make landfall along the coasts of Pakistan and India on June 15. With winds reaching speeds of 100-120 km/h and gusts of up to 140 km/h, the cyclone is expected to bring significant disruptions and potential hazards to the affected regions, according to National Disaster Management Authority (NDMA).
(more…)Author: Mrs. Anjum Shahnawaz
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Pakistan Gears Up to Announce Petroleum Prices on June 15 Amid Russian Oil Arrival
Islamabad, June 14, 2023: Pakistan is gearing up to announce the petroleum prices for the final fortnight of the fiscal year 2022-2023 on June 15, 2023.
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Severe Cyclonic Storm BIPARJOY Expected to Hit Pakistan and India, Alert Issued
A severe cyclonic storm named BIPARJOY is forecasted to make landfall in Pakistan and India on June 16, 2023, according to the National Disaster Management Authority (NDMA) of Pakistan.
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Pakistan Set to Announce Petroleum Prices for Last Fortnight of FY23
Pakistan is preparing to announce the petroleum prices for the last fortnight of the fiscal year 2022-2023 on June 15, 2023.
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Post Budget Briefing: Dar Expresses Confidence in Achieving 3.5% GDP Growth Target
Islamabad, June 10, 2023: Finance Minister Senator Mohammad Ishaq Dar on Saturday expressed strong confidence in the government’s ability to achieve the targeted 3.5 percent growth of Gross Domestic Product (GDP) for the fiscal year 2023-24.
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Pakistan Implements 10% Withholding Tax on Foreign Payments via Cards
Islamabad, June 9, 2023: Pakistan has introduced a withholding tax of up to 10 percent on individuals making foreign payments through debit and credit cards. Finance Minister Ishaq Dar announced the increase in tax rates during the presentation of the budget for the fiscal year 2023-24 on Friday.
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Pakistan Targets 3.5% GDP Growth for Fiscal Year 2023-24
Islamabad, June 9, 2023: The Pakistani government has set a target of 3.5 percent GDP growth for the fiscal year 2023-24, according to sources at the Ministry of Planning, Development, and Special Initiatives.
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Pakistan Economic Survey 2022-23: Current Account Deficit Contained Through Import Restrictions
Islamabad, June 8, 2023 – The recently released Pakistan Economic Survey 2022-23 highlights that Pakistan has successfully managed to contain its current account deficit by implementing import restrictions. However, the pressure on foreign exchange reserves persists, creating challenges for the economy.
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Pakistan Economic Survey 2022-23: Weak Exchange Rate, Supply Disruption Cause High Inflation
Islamabad, June 8, 2023: The Pakistan Economic Survey 2022-23, released on Thursday, identifies weaker exchange rates and supply disruption caused by floods as key factors contributing to high inflation in the country.
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Deficit Financing Places Pressure on Commercial Banks, Reveals Pakistan Economic Survey 2022-23
Islamabad, June 8, 2023: The Pakistan Economic Survey 2022-23 disclosed on Thursday that in the absence of external financing, Pakistan relied on internal resources to meet its budget deficit, placing significant pressure on domestic commercial banks.
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