Karachi, December 17, 2024 – Pakistan has reported a significant current account surplus of $944 million for the first five months (July to November) of the fiscal year 2024-25, according to balance of payment data released by the State Bank of Pakistan (SBP) on Tuesday.
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SBP Warns of Inflation Risks from Potential Tax Measures
Karachi, December 17, 2024 – The State Bank of Pakistan (SBP) has expressed concerns over potential risks to the inflation outlook, particularly due to the possibility of additional tax measures. During a briefing following the latest decision by the Monetary Policy Committee (MPC), analysts at Insight Securities (Pvt) Ltd noted that the SBP Governor indicated a more optimistic outlook for FY25.
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SBP Slashes Benchmark Policy Rate by 200 Basis Points to 13%
Karachi, December 16, 2024 – The State Bank of Pakistan (SBP) announced a significant cut of 200 basis points in its benchmark policy rate, bringing it down from 15% to 13%.
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PayPal Payment Solution Discussed for Pakistan’s Freelancers
Islamabad, December 13, 2024 – A high-level meeting of the Prime Minister’s Committee on IT Export Remittances convened to address the pressing need for payment solutions, including PayPal, to support Pakistan’s freelancers. The meeting emphasized the urgency of enabling access to global payment gateways and developing localized payment systems to empower IT professionals and enhance Pakistan’s global competitiveness.
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PM Shehbaz Directs Further Reduction in Electricity Tariffs
Islamabad, December 13, 2024 – Prime Minister Muhammad Shehbaz Sharif has directed authorities to take further steps in reducing electricity tariffs and to fast-track the implementation of plans for future power generation projects.
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OGDCL Discovers Gas and Condensate in Khyber Pakhtunkhwa
Karachi, December 13, 2024 – Oil and Gas Development Company Limited (OGDCL) has made a significant breakthrough with the discovery of gas and condensate in the Khyber Pakhtunkhwa (KPK) province, a promising development for Pakistan’s energy sector.
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PM Shehbaz Constitutes Probe Team for Sales Tax Frauds
Islamabad, December 12, 2024 – Prime Minister Shehbaz Sharif has taken decisive action against sales tax fraud by forming a high-powered joint inquiry team to investigate and address this pressing issue.
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Pakistan Secures $200M ADB Loan for Electricity Improvements
The Asian Development Bank (ADB) has approved a $200 million loan to support Pakistan in modernizing its power distribution infrastructure and enhancing the capacity of distribution companies to provide reliable electricity.
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Pakistan Announces Early Salary Disbursement for Christmas
Islamabad, December 11, 2024 – The government of Pakistan has announced the early disbursement of salaries and pensions for Christian citizens ahead of Christmas festivities. The measure aims to facilitate the Christian community in celebrating the occasion with ease and joy.
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PM Shehbaz Lauds PCB’s Stance on ICC Champions Trophy 2025
Prime Minister Shehbaz Sharif has commended the steadfast position taken by Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi regarding the hosting of the ICC Champions Trophy 2025 in Pakistan. During a meeting at the Prime Minister’s residence on Sunday, Naqvi briefed Shehbaz on recent developments concerning the prestigious tournament.
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