Prime Minister Shehbaz Sharif extended his heartfelt Christmas greetings to the Christian community in Pakistan and around the globe, highlighting the significance of the occasion and its universal message of peace and compassion.
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PM Shehbaz Honors Quaid-e-Azam’s Legacy on 148th Birthday
Islamabad, December 25, 2024 – On the occasion of Quaid-e-Azam Muhammad Ali Jinnah’s 148th birth anniversary, Prime Minister Muhammad Shehbaz Sharif paid a heartfelt tribute to the founder of Pakistan, emphasizing his exceptional leadership and unwavering dedication to the principles of unity, justice, and equality.
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Pakistan Prohibits Bank Cash Withdrawals for Tax Dodgers
Karachi, December 19, 2024 – Pakistan has decided to implement stringent measures to curb tax evasion by prohibiting bank cash withdrawals for individuals who evade taxes.
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Pakistan Stock Market Crashes 4.32% on New Tax Bill
Karachi, December 19, 2024 – The Pakistan Stock Exchange (PSX) on Thursday experienced a dramatic downturn, closing with a significant loss of 4.32% amid widespread negative sentiments triggered by the introduction of a new tax bill by the government of Pakistan.
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FBR Set to Ban Cash Withdrawals by Non-Filers
Karachi, December 18, 2024 – The Federal Board of Revenue (FBR) is poised to introduce a significant change in the banking sector with the potential imposition of a ban on cash withdrawals by individuals who are non-filers of income tax returns.
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Pakistan Records 31.3% Increase in FDI During 5MFY25
Karachi: Pakistan has witnessed a significant 31.3% surge in foreign direct investment (FDI) during the first five months (July–November) of the fiscal year 2024-25, reflecting growing investor confidence in the country’s economic prospects.
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PM Shehbaz Welcomes Record Current Account Surplus
Islamabad, December 17, 2024 – Prime Minister Muhammad Shehbaz Sharif on Tuesday expressed his satisfaction over Pakistan achieving a record current account surplus in November 2024.
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Pakistan Posts $944 Million Current Account Surplus in 5MFY25
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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