Karachi, February 19, 2025 – United Bank Limited (UBL) has taken a significant step towards strengthening its financial position and supporting its long-term strategic objectives.
(more…)Author: Shahnawaz Akhter
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Monetary Easing Sparks Private Sector Loans Boom 255%
Karachi, February 18, 2025: Bank loans to the private sector has surged by an impressive 255%, driven by a significant decline in interest rates.
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High Salary Tax Rates Fuel Brain Drain: PBC
Karachi, February 18, 2025 – The Pakistan Business Council (PBC) has raised concerns over the high tax rates on salaried individuals, warning that these excessive rates are driving skilled professionals to seek opportunities abroad, resulting in a significant brain drain.
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Foreign Direct Investment in Pakistan Surges 56% in 7MFY25
Karachi, February 18, 2025 – The net inflow of Foreign Direct Investment (FDI) into Pakistan surged by over 56% during the first seven months (July – January) of the current fiscal year 2024-25, as reported by the State Bank of Pakistan (SBP) on Tuesday.
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RTO-1 Karachi Targets POS Rule Breakers on Tariq Road
Karachi, February 18, 2025 – In a significant move against non-compliance with tax regulations, the Regional Tax Office (RTO)-1 Karachi has sealed three major retail outlets on Tariq Road for violating Point of Sale (POS) rules.
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Bulls Charge Back as KSE-100 Index Gains Strong 1.2%
Karachi, February 18, 2025 – The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) on Tuesday made a significant gain of 1,345 points or 1.2% as bulls returned with massive buying activities during the day.
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Thailand Seeks Early Finalization of FTA with Pakistan
Karachi, February 18, 2025 – Thailand has reiterated its desire for the swift finalization of the Free Trade Agreement (FTA) with Pakistan to enhance bilateral trade relations.
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Pakistan Records $682 Million Current Account Surplus in 7MFY25
Karachi, February 18, 2025 – Pakistan recorded a current account surplus of $682 million during the first seven months of the fiscal year 2024-25 (July–January), according to data released by the State Bank of Pakistan (SBP) on Tuesday.
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UNISAME Urges Strict Enforcement of Real Estate Regulations
Karachi, February 18, 2025 – The Union of Small and Medium Enterprises (UNISAME) has strongly emphasized the need for strict enforcement of regulations governing real estate agents to ensure fair and transparent transactions in the property market.
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Understanding Fraud Under the Customs Act, 1969
Karachi, February 18, 2025 – The Federal Board of Revenue (FBR) has provided a detailed explanation regarding the definition of fraud under the Customs Act, 1969.
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