Islamabad, September 15, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar has reiterated the government’s commitment to a robust crackdown on illegal trade and smuggling activities.
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Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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Caretaker Finance Minister Says Pakistan’s Economy Shows Signs of Recovery
Islamabad, September 15, 2023 – Dr. Shamshad Akhtar, the Caretaker Federal Minister for Finance, Revenue, Economic Affairs, and Privatization, announced that Pakistan’s economy is displaying indications of recovery due to the efforts made by the caretaker government. Speaking at a press conference, Dr. Akhtar highlighted various positive economic indicators.
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Pakistani Rupee Rises by PKR 1.11 in Eight Consecutive Gain Against Dollar
The Pakistani Rupee (PKR) has continued its upward trajectory against the US Dollar for the eighth consecutive session.
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FBR to Impose Penalties on Banks for Non-Provision of Account Holder Details
Karachi, September 15, 2023 – The Federal Board of Revenue (FBR) has taken a significant step by deciding to impose penalties on banks for their failure to provide details of account holders, according to official sources.
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Pakistan Records 22 Percent Decline in Electricity Charges: Official Statistics
Karachi, September 15, 2023 – In an unexpected revelation, official statistics indicate that Pakistan has experienced a remarkable 22 percent decline in electricity charges.
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Foreign Direct Investment Increases by 16.1% in July-August FY24
Karachi, September 14, 2023 – Foreign Direct Investment (FDI) in Pakistan has demonstrated a robust increase of 16.1 percent during the first two months of the fiscal year 2023-24, according to data released by the State Bank of Pakistan (SBP) on Thursday.
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Pakistan Needs $24 Billion for Foreign Repayment in FY24
Karachi, September 14, 2023 – The governor of the State Bank of Pakistan (SBP) has revealed that Pakistan will require $24 billion for foreign repayment during the fiscal year 2023-24.
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Pakistan’s Current Account Deficit Shrinks by 54% in First Two Months of FY24
Karachi, September 14, 2023 – Pakistan’s current account deficit (CAD) has seen a substantial reduction of 54 percent during the first two months of the fiscal year 2023-24, according to data from the State Bank of Pakistan (SBP).
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SBP Reports $140 Million Decline in Official Foreign Exchange Reserves
Karachi, September 14, 2023 – The State Bank of Pakistan (SBP) has disclosed a decrease of $140 million in its official foreign exchange reserves for the week ending September 8, 2023.
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SBP Surprises Markets by Keeping Benchmark Policy Rate Unchanged at 22%
Karachi, September 14, 2023 – In a surprising move, the State Bank of Pakistan (SBP) announced on Thursday that it would maintain the benchmark policy rate at the existing level of 22 percent, contrary to various forecasts of an anticipated rate hike.
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