Amidst heated debates surrounding the demonetization of the Rs 5000 banknote in Pakistan, particularly in the wake of a recent fake news episode, the question of why Pakistan should consider phasing out this high-denomination currency looms large.
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Petroleum Prices in Pakistan Hit All-Time High
Karachi, September 1, 2023 – Pakistan is currently facing an unprecedented challenge as petroleum prices soar to all-time highs, marking a significant economic concern for its citizens and policymakers alike. On August 31, 2023, the caretaker government announced a substantial hike in the prices of petrol and high-speed diesel (HSD), sending shockwaves throughout the country.
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Petroleum Levy Soars to Record High Under PDM Government, Amidst Economic Challenges
In a recent revelation by Pakistan’s Ministry of Finance, the previous government, led by the Pakistan Democratic Movement (PDM), which comprised several prominent political parties, has left the nation grappling with a staggering burden of Rs 452 billion due to the imposition of a petroleum levy during the fiscal year 2022-23. This unprecedented financial load has raised concerns among citizens and policymakers alike.
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Pakistan – At Economic Crossroads
Pakistan, a nation once celebrated for its rapid economic growth between 1960 and 1990, has found itself at a critical juncture. During those prosperous decades, it boasted an annual average growth rate of approximately 6 percent, rivaling the best-performing developing nations.
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Crucial Role of Track and Trace System in Combating Illegal Cigarette Manufacturing
The Track and Trace system is undeniably vital in curbing illegal cigarette manufacturing and addressing the pressing issues associated with it in Pakistan.
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A Bad Precedent
In Pakistan, politicians treated their constituencies as the fiefdoms, selecting their wives, sons, daughters or grandchildren as successors. The politicians have a tendency to treat their constituencies as their personal belongings, raising questions about the democracy within their party ranks and a barefaced display of nepotism, while making mockery of the democratic system.
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How is intelligence transforming telecom? Five benefits that reveal the full value of AI
Artificial intelligence (AI) is beyond disruptive. Arguably the second biggest leap in the technological revolution since the widespread adoption of computers, it is already transforming industries worldwide – and even creating new ones.
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Pakistan Takes Significant Step Towards Implementing Riba-Free Banking System
State Bank of Pakistan works towards Sharia-compliant financial system
Karachi, June 19, 2023: In a significant move that aligns with Islamic teachings, Pakistan is on the verge of implementing a Riba-free banking system in the country.
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Active Taxpayers List in Pakistan: Unlocking Benefits for Taxpayers and the Economy
In a significant move to promote tax compliance and strengthen the country’s revenue base, Pakistan has implemented an Active Taxpayers List (ATL) system.
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Negotiating Old Car Prices in Pakistan
In the bustling automobile market of Pakistan, negotiating the prices of used cars has become a skill that both buyers and sellers strive to master. With a plethora of factors contributing to the valuation of pre-owned vehicles, the task of determining the right price often resembles a complex puzzle.
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