Islamabad, July 13, 2024 – Prime Minister Muhammad Shehbaz Sharif expressed deep satisfaction on Saturday following Pakistan’s successful negotiation of a staff-level agreement with the International Monetary Fund (IMF) for a new $7 billion loan program. The agreement, spanning over 37 months, is poised to bolster Pakistan’s economy amidst ongoing financial challenges.
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PM Shehbaz Unveils Energy Subsidy for Low-Income Households
Islamabad, July 9, 2024 – Prime Minister Shehbaz Sharif announced on Tuesday a Rs50-billion energy subsidy package aimed at easing the financial burden on low-income households consuming less than 200 units of electricity.
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Pakistan Receives $30.25 Billion in Workers’ Remittances in FY24
Karachi, July 9, 2024 – Pakistan received $30.25 billion in workers’ remittances during the fiscal year 2023-24, according to a report by the State Bank of Pakistan (SBP) released on Tuesday. This represents an 11 percent increase compared to the $27.33 billion received in the preceding fiscal year.
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Saudi Group Secures Stake, Invests in Retail Oil Sector in Pakistan
Saudi Arabia’s Asyad Holding Group has successfully secured a controlling stake in Shell Pakistan Limited. The Competition Commission of Pakistan (CCP) granted approval for this acquisition, allowing Asyad Holding to acquire a dominant 77.42 percent ownership and control of Shell Pakistan.
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Pakistan Strengthens Oversight of Foreign Gifts and Donations
Karachi, Pakistan – July 7, 2024 – The Pakistan government has implemented stricter regulations governing the receipt of foreign gifts and donations by public officials and organizations.
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PM Shehbaz Directs Tapping Full Potential of Maritime Trade
Karachi, July 7, 2024 – Prime Minister Muhammad Shehbaz Sharif on Sunday directed the relevant authorities to take special initiatives to tap the full potential of maritime trade and to spur economic growth.
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Tax Return Filing Season 2024 Begins in Pakistan
Karachi, July 7, 2024 – The commencement of the annual income tax return filing for tax year 2024 marks a pivotal moment for taxpayers in Pakistan as the Federal Board of Revenue (FBR) has officially launched the finalized return forms.
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Ashura on 17th as Muharram Moon Not Sighted in Pakistan
Karachi – July 6, 2024 – The Central Ruet-e-Hilal Committee has announced that the Islamic month of Muharram will commence on July 8th in Pakistan. The announcement came following the committee’s meeting on Saturday, where it was declared that the moon had not been sighted anywhere in the country.
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Pakistan Cracks Down on Nuclear Smuggling with New Laws
Karachi, July 6, 2024 – Pakistan has taken a significant step towards bolstering national and international security by introducing stricter penalties for the smuggling of nuclear and radioactive materials.
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Pakistan’s Oil and Gas Sector to Boost with $5 Billion Investment
Islamabad, July 6, 2024 – In a promising development for Pakistan’s energy sector, a delegation of local and international oil and gas exploration and production (E&P) companies announced a significant investment of $5 billion over the next three years. The announcement came during a meeting with Prime Minister Shehbaz Sharif at the Prime Minister’s House.
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