Islamabad, April 11, 2024 – The Asian Development Bank (ADB) has released its flagship Asian Development Outlook (ADO), forecasting a GDP growth rate of 1.9 percent for Pakistan during the fiscal year 2023-24.
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Govt Borrowing Skyrockets by 138% to Rs 4.84 Trillion in 9MFY24
Karachi, April 11, 2024 – Official data reveals a staggering surge in government borrowing from the banking system, soaring to Rs 4.84 trillion during the initial nine months (July – March) of the fiscal year 2023-24.
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Understanding Your Tax Registration Requirements with FBR
Tax registration with the Federal Board of Revenue (FBR) is an essential step for individuals and entities operating in Pakistan, ensuring compliance with income tax regulations and facilitating the filing of tax returns.
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Shawwal Moon Sighted in Pakistan; Eid-ul-Fitr on April 10
Islamabad, April 9, 2024 – The much-anticipated sighting of the Shawwal moon has finally occurred, marking the end of Ramadan and heralding the joyous occasion of Eid-ul-Fitr in Pakistan.
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Pakistan Stocks Close First Time Above 70,000-Point Level
Karachi, April 9, 2024 – Pakistan stocks soared to new heights on Tuesday, surpassing the psychological barrier of the 70,000-point level for the first time in the country’s history.
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Joint Statement Issued After Pakistan-Saudi Premier Meeting
A joint statement was issued on Monday following a pivotal meeting between Pakistan’s Prime Minister Muhammad Shehbaz Sharif and the Crown Prince of Saudi Arabia, Prince Mohammed bin Salman bin Abdulaziz Al Saud.
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Pakistan Remittances Surge by 31% MoM in March 2024
Karachi, April 8, 2024 – Pakistan has witnessed a significant surge of 31 percent in remittances on a month-on-month (MoM) basis in March 2024.
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SBP Directs Banks to Open Accounts for BISP Beneficiaries
Karachi, April 8, 2024 – The State Bank of Pakistan (SBP) has issued directives to banks to open bank accounts for beneficiaries of the Benazir Income Support Program (BISP), aiming to streamline the disbursement process of financial assistance directly into their accounts.
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OGDCL Announces Significant Gas Discovery in Sindh, Pakistan
Karachi, April 8, 2024 – The Oil and Gas Development Company Limited (OGDCL) made a significant announcement on Monday, revealing a substantial gas discovery from a well located in Sindh province of Pakistan, district of Sujawal.
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Gold Surges to New Peak at Rs 245,700 per Tola in Pakistan
Karachi, April 8, 2024 – Gold prices in Pakistan soared to unprecedented levels on Monday, reaching a new peak at Rs 245,700 per tola after a significant increase of Rs 600 in the local markets.
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