Islamabad, May 5, 2024 – A significant stride towards enhancing bilateral economic relations between Saudi Arabia and Pakistan was marked by the arrival of a high-profile Saudi trade delegation in Islamabad on Sunday.
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Pakistan Railways Generates Rs 66 Billion in Nine Months
Pakistan Railways has reported an unprecedented revenue generation of Rs 66 billion during the first nine months of the fiscal year 2023-24. This figure is a substantial leap from the Rs 39 billion recorded during the same period in the previous year, setting the department on a course to achieve a projected annual revenue of Rs 80 billion.
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Pakistan Set to Unveil New Industrial Policy in 2024-25 Budget
Pakistan is poised to introduce a comprehensive new industrial policy in the upcoming 2024-25 budget, according to Rana Tanveer Hussain, the Federal Minister for Industry and Production.
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Pakistan and Saudi Arabia Commit to Enhanced Economic Ties
Pakistan and Saudi Arabia on Saturday pledged to deepen their economic ties and increase Saudi investments in Pakistan.
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PM Shehbaz Sharif Eyes Rs 24 Trillion Tax Revenue Potential
Lahore, May 4, 2024 – Prime Minister Muhammad Shehbaz Sharif on Saturday outlined Pakistan’s potential to substantially boost its tax revenues, stating the country could amass over Rs 24 trillion annually, a stark contrast to the current tax target of Rs 9.4 trillion.
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Controversy Brews Over FBR Plan to Block SIMs of Non-Filers
A contentious proposal by the Federal Board of Revenue (FBR) to block the mobile phone SIMs of tax non-filers has ignited controversy and raised legal challenges after the Pakistan Telecommunication Authority (PTA) rejected the initiative, media reported on Saturday.
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Pakistan Sees Weekly SPI Inflation Decrease by 1 Percent
Islamabad, May 3, 2024 – The Sensitive Price Indicator (SPI) for inflation in Pakistan witnessed a decline of 1 percent for the week ended May 2, 2024, compared to the previous week, providing a temporary respite amidst fluctuating commodity prices.
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Petroleum Levy Collection Doubles to Rs 720 Billion in 9MFY24
ISLAMABAD – The Finance Ministry of Pakistan has announced a significant rise in the collection of petroleum levies, which nearly doubled to Rs 720 billion in the first nine months of fiscal year 2023-24, up from Rs 362 billion in the corresponding period last year.
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Pakistan’s Trade Deficit Narrows by 17% in Ten Months of FY24
Islamabad, May 2, 2024 – Pakistan has witnessed a substantial narrowing of its trade deficit by 17 percent during the first ten months of the fiscal year 2024, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
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Pakistan’s Fiscal Deficit Swells 27% to Rs 3.9 Trillion in 9MFY24
Karachi, May 2, 2024 – Pakistan’s fiscal landscape has shown significant volatility, as the nation’s fiscal deficit expanded by 27% year-on-year (YoY), reaching Rs 3.9 trillion in the first nine months of the fiscal year 2023-24, data from the Ministry of Finance revealed.
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