Karachi, February 21, 2025 – Foreign banks operating in Pakistan have repatriated a substantial amount of $165 million in profits and dividends during the first seven months (July–January) of the fiscal year 2024-25, according to a report released by the State Bank of Pakistan (SBP).
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Aurangzeb Urges Taxation of Free-Riders to Stabilize Economy
Islamabad, February 20, 2025 – Finance Minister Muhammad Aurangzeb has underscored the urgent need to bring the undocumented economy into the tax net, warning that Pakistan can no longer afford to sustain “free riders” who evade taxation.
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Pakistan Grants Tax Exemption to ICC for Champions Trophy 2025
Islamabad, February 20, 2025 – Pakistan has decided to grant a tax exemption on income generated from the ICC Champions Trophy 2025, a move aimed at ensuring smooth operations for the highly anticipated cricket tournament.
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Pakistan Opens 71 New Blocks for Oil and Gas Exploration
Islamabad – Pakistan has announced the offering of 71 new blocks for oil and gas exploration, marking a significant step in revitalizing the country’s energy sector after a decade.
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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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Government Pays Massive Rs 5.14 Trillion as Mark-Up in 1HFY25
Karachi, February 10, 2025 – The government of Pakistan has disbursed a staggering Rs 5.14 trillion as mark-up on loans acquired from both local and international financial institutions during the first half (July-December) of the ongoing fiscal year 2024-25.
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IMF Mission Evaluates Corruption in Pakistan
Islamabad, February 9, 2025 – The International Monetary Fund (IMF) mission has arrived in Pakistan to assess the extent of corruption vulnerabilities across six key state functions, according to a statement released by the finance ministry on Sunday.
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Petroleum Levy Collection Surges to Rs 549 Billion in 1HFY25
Karachi, February 9, 2025 – The collection of petroleum levy has witnessed a substantial increase, reaching Rs 549 billion during the first half (July – December) of the current fiscal year, according to data released by the Ministry of Finance.
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PM Shehbaz Pays Tribute to Salaried Class for Bearing Tax Burden
Islamabad, February 8, 2025 – Prime Minister Shehbaz Sharif on Saturday acknowledged the resilience and dedication of the salaried class, commending them for bearing a significant tax burden amid the stringent conditions imposed by the International Monetary Fund (IMF).
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Pakistan’s Budget Deficit Contracts to 1.2% in First Half of FY25
Karachi, February 8, 2025 – Pakistan has reported a notable reduction in its budget deficit, which contracted to 1.2% of Gross Domestic Product (GDP) in the first half (July-December) of the fiscal year 2024-25. This marks a significant improvement from the 2.3% budget deficit recorded during the corresponding period of the previous fiscal year.
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