Karachi, May 21, 2025 – In a bold and dramatic move, the Federal Board of Revenue (FBR) has zeroed in on 72 ultra-wealthy and influential individuals, launching a high-stakes investigation into their foreign income and offshore assets.
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Pakistan identifies trade corridors to boost regional connectivity
Islamabad, May 17, 2025 – Pakistan has unveiled a comprehensive vision to establish itself as a vital economic link between South Asia, Central Asia, and beyond.
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Pakistan caps customs duty at 15%, reduces duty slabs to four
Islamabad, May 16, 2025 – In a bold step towards comprehensive trade and economic reform, the Government of Pakistan has announced a sweeping overhaul of its Customs tariff structure by capping the maximum customs duty at 15% and reducing the number of duty slabs to four.
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Russia to establish new steel mill in Karachi to boost bilateral ties
Islamabad, May 13, 2025 — In a significant step toward enhancing economic cooperation, Russia and Pakistan have agreed to establish a new steel mill in Karachi, reinforcing their growing bilateral relationship.
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PM Shehbaz confirms IMF approval of $1 billion tranche
Islamabad, May 9, 2025 – Prime Minister Shehbaz Sharif on Friday confirmed that the International Monetary Fund (IMF) has approved a $1 billion tranche for Pakistan, marking a key milestone in the country’s efforts to stabilize its economy and restore investor confidence.
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NSC authorizes Armed Forces to respond to Indian aggression
Islamabad, May 7, 2025 — The National Security Committee (NSC) of Pakistan, chaired by Prime Minister Muhammad Shehbaz Sharif, has authorized the Armed Forces to respond decisively to India’s unprovoked military aggression.
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Pakistan resumes full flight operations following Indian airstrikes
Islamabad, May 7, 2025 —Civil Aviation Authority (CAA) of Pakistan has officially restored full flight operations across major cities after a temporary suspension triggered by Indian overnight airstrikes on civilian areas.
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Pakistan urges Saudi Arabia to help de-escalate regional tensions
Islamabad, May 2, 2025 — Prime Minister Shehbaz Sharif on Friday urged Saudi Arabia and other friendly nations to play a constructive role in encouraging India to de-escalate tensions in South Asia. The prime minister reaffirmed Pakistan’s commitment to regional peace and stability during a high-level meeting with Saudi Arabia’s ambassador to Pakistan, Nawaf bin Saeed Al-Maliky, at the Prime Minister’s House.
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Social investments in Pakistan reach new highs in 2023-24
Islamabad – April 29, 2025 — The Federal Government of Pakistan significantly ramped up its current expenditure on key social sectors during the fiscal year 2023-24, with major allocations and actual spending exceeding initial budgets in health, education, and social protection, according to a report released by finance ministry on Tuesday.
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World Bank lowers Pakistan’s GDP growth forecast to 2.7%
The World Bank has slightly lowered its GDP growth projection for Pakistan to 2.7% for the fiscal year 2025, down from its earlier forecast of 2.8%.
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