Karachi, July 19, 2024 – Pakistan’s Current Account Deficit (CAD) has dramatically narrowed by 80 percent, plummeting to $681 million in the fiscal year 2023-24, according to a report released by the State Bank of Pakistan (SBP) on Friday.
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Pakistan Railways Implements Fare Increase from Today
Starting today, July 19th, 2024, Pakistan Railways has implemented a strategic fare increase as part of its efforts to enhance service delivery and ensure the sustainability of the national railway network.
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Economic Risks Loom Large for Pakistan, Fitch Warns
Islamabad, July 17, 2024 – Fitch Ratings has raised alarm over the fragile economic state of Pakistan, citing significant risks stemming from both internal and external factors.
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Enhanced Security Ensured for Muharram, Commissioner Confirms
Commissioner Quetta, Hamza Shafqaat, has assured the public that extensive security arrangements have been established for the observance of Muharram, specifically on the 9th and 10th.
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IMF Deal Offers Lifeline, But Reforms Key for Pakistan: Moody’s
Islamabad, July 16, 2024 – Pakistan’s economic outlook has received a cautious boost with the recent staff-level agreement reached with the International Monetary Fund (IMF) for a new $7 billion Extended Fund Facility (EFF). While this agreement offers a crucial source of financing, Moody’s Ratings Agency warns that Pakistan’s ability to sustain reforms will be the ultimate determinant of its success.
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Pakistan Raises Petroleum Prices for 2nd Half of July 2024
Islamabad, July 16, 2024 – The citizens of Pakistan are facing another increase in fuel costs as the government announced higher prices for petroleum products, effective July 16th. This hike is in response to the recent surge in global oil prices.
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Pakistan Set to Review Petroleum Prices Amid Global Oil Surge
Islamabad, July 14, 2024 – Pakistan is scheduled to review petroleum prices for the second half of July on Monday, July 15, 2024, with new prices taking effect from July 16, 2024.
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Pakistan Denounces Attack on Former US President Donald Trump
Islamabad, July 14, 2024 – Pakistan on Sunday vehemently condemned an assault on former US President Donald Trump, who was injured during an election campaign event. This incident, which has shocked the international community, highlights the pervasive dangers associated with political violence.
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Pakistan Targets Foreign Entities with New Tax Rules
Karachi, July 14, 2024 – Pakistan has introduced measures through the Finance Act 2024 to capture significant economic presence by non-resident entities in Pakistan, aiming to close tax avoidance loopholes and broaden the tax base.
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Petroleum Prices Set to Rise in Pakistan from July 16th
Islamabad, July 13, 2024 – The citizens of Pakistan may be in for some unwelcome news at the pump as petrol and diesel prices are expected to rise significantly in the second half of July. Industry sources suggest an increase effective from July 16th, driven by rising global oil prices.
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