Karachi, April 22, 2024 – In a remarkable economic turn, Pakistan has registered a current account surplus of $619 million for the month of March 2024, as announced by the State Bank of Pakistan (SBP) on Monday.
(more…)Author: Shahnawaz Akhter
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Karachi Chamber Calls for Immediate Suspension of SRO 350
Karachi, April 21, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has issued a strong demand for the suspension of Statutory Regulatory Order (SRO) 350, citing unresolved concerns and widespread discontent among the business community.
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PPL Announces Significant Production Enhancements
Karachi, April 20, 2024 – Pakistan Petroleum Limited (PPL) disclosed an encouraging update on Monday regarding a substantial enhancement in its hydrocarbon production over the past six months, spanning from October 2023 to March 2024.
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Mari Petroleum Announces First Oil Discovery in Sindh
Karachi, April 22, 2024 – In a significant development for Pakistan’s energy sector, Mari Petroleum Company Limited (MPCL) revealed on Monday that it has discovered oil at the Shawal-1 exploratory well in the Sindh province.
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Rupee Set to Remain Stable Against Dollar in Upcoming Week
The Pakistani Rupee is expected to maintain its steadiness against the US dollar in the week commencing April 22, 2024, buoyed by robust foreign exchange reserves and positive developments regarding a potential new loan program with the International Monetary Fund (IMF).
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Tajir Dost Scheme – A Potential Missed Opportunity?
The recent unveiling of the Tajir Dost Scheme (TDS) by the Federal Board of Revenue (FBR) has sparked discussions and debates across Pakistan.
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Topline Survey Projects No Interest Rate Increase by SBP
Karachi, April 19, 2024 – A comprehensive survey conducted by Topline Securities Limited has dismissed any speculation regarding an increase in the benchmark policy rate by the State Bank of Pakistan (SBP) in the forthcoming monetary policy statement, shedding light on key market sentiments and expectations.
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Azerbaijan Envoy for Strengthening Economic Ties with Pakistan
Karachi, April 19, 2024 – Ambassador of Azerbaijan to Pakistan, Khazar Farhadov, emphasized the critical need for enhancing economic collaboration between Azerbaijan and Pakistan during a meeting at the Karachi Chamber of Commerce & Industry (KCCI).
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Pakistan Customs Assures LIVE System to Safeguard Trade
In a bid to bolster transparency and efficiency in trade operations, Pakistan Customs has rolled out the LIVE System, a cutting-edge initiative aimed at protecting the interests of the business community and ensuring a conducive environment for economic growth.
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FBR Removes Balance Sheet Requirement for Tax Return Filing
In a move aimed at reducing administrative burdens and facilitating compliant taxpayers, the Federal Board of Revenue (FBR) has eliminated the requirement of submitting balance sheets detailing assets and liabilities alongside monthly sales tax returns for those already enlisted with the sales tax department.
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