Islamabad, January 28, 2025 – On Tuesday, the Ministry of Finance released its half-yearly report for the fiscal year 2024-25 (July-December), presenting an optimistic outlook for Pakistan economy.
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SBP Slashes Interest Rate to 12% Amid Inflation Decline
Karachi, January 27, 2025 – The State Bank of Pakistan (SBP) announced a significant reduction in its benchmark policy rate, cutting it by 100 basis points to 12%. The decision, effective from January 28, 2025, was made during the Monetary Policy Committee (MPC) meeting held on Monday.
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FBR Grants Tax Exemption of Rs 57 Billion on Agriculture Income
Karachi, January 24, 2025 – The Federal Board of Revenue (FBR) has announced a significant tax exemption worth Rs 57.52 billion for agriculture income in the tax year 2023, according to an official report released by the Board.
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Banks Witness Rs862Bn Withdrawals Amid Non-Filer Restrictions
Karachi, January 23, 2025 – Banks in Pakistan experienced a massive withdrawal of Rs 862 billion during December 2024 as the government prepared to impose stringent restrictions on non-filers of income tax returns. This significant outflow highlights the uncertainty and apprehension among account holders in response to impending policy changes.
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PPL Reports Major Boost in Gas Production at Gambat South
Karachi, January 23, 2025 – Pakistan Petroleum Limited (PPL) has announced a remarkable increase in gas production at the Shandad X-1 well, located in the Gambat South Block.
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Starlink Can Launch Services After Security Clearance: PTA
ISLAMABAD: Starlink Internet Services (Private) Ltd must secure security clearance before obtaining licenses and launching its operations in Pakistan, according to Major General Hafeez ur Rehman (retired), Chairman of the Pakistan Telecommunication Authority (PTA).
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Pakistan Imports Mobile Phones Worth Rs 204 Billion in 1HFY25
Karachi, January 20, 2025 – Pakistan mobile phone imports reached a substantial Rs 204 billion during the first half of the fiscal year 2024-25, underscoring the nation’s continued demand for smartphones despite economic pressures.
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OGDCL Reports Major Advancements in Oil and Gas Production
Karachi, January 20, 2025 – The Oil and Gas Development Company Limited (OGDCL) has announced significant advancements in oil and gas production from two of its key wells, signaling a positive development for Pakistan’s energy sector.
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Pakistan Urgently Needs Ban Cigarettes Amid Health Crisis
Islamabad – Pakistan is grappling with a severe public health emergency, with increasing calls to impose a comprehensive ban on smoking cigarettes. The health toll from tobacco use is catastrophic, with the country recording the highest rate of smoking-related deaths in South Asia, surpassing even the global average.
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PM Shehbaz Orders Modern Cargo Scanners to Curb Smuggling
Islamabad, January 17, 2025 — Prime Minister Muhammad Shehbaz Sharif has instructed authorities to deploy state-of-the-art cargo scanning systems at Karachi and other major trading hubs across Pakistan to combat smuggling and enhance trade monitoring.
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