Mianwali, July 14, 2023 – Prime Minister Shehbaz Sharif led the groundbreaking ceremony for the Chashma Nuclear Power Plant Unit-5 (C-5), a 1200 MW project estimated to cost around $3.48 billion.
(more…)Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
-
Pakistan May Surprise Citizens with Petroleum Price Announcement on July 15
Islamabad, July 14, 2023 – Pakistan is preparing to announce petroleum prices on July 15, 2023, and there is anticipation that the country may surprise its citizens with the announcement.
(more…) -
FBR Chairman Urges Taxpayers to Fulfill National Duty by Filing Tax Returns
Islamabad, July 14, 2023 – Asim Ahmad, the Chairman of the Federal Board of Revenue (FBR), emphasized the importance of taxpayers fulfilling their national duty by filing annual tax returns.
(more…) -
Banks Initiate Withholding Tax on Cash Withdrawal
Karachi, July 14, 2023 – In compliance with the recently implemented amendment in the Income Tax Ordinance, 2001, through the Finance Act, 2023, banks have commenced deducting withholding tax on cash withdrawals exceeding Rs50,000 in a single day.
(more…) -
Pakistan Exempts Imports By Dignitaries of UAE, Qatar, Bahrain and Saudi Arabia
Karachi, July 13, 2023 – Pakistan has allowed exemption from customs duty on imports by dignitaries of UAE, Qatar, Bahrain and Saudi Arabia during 2023-24 and onwards.
(more…) -
IMF Transfers $1.2 Billion to State Bank of Pakistan under Stand-By Agreement
Islamabad, July 13, 2023 – The International Monetary Fund (IMF) has transferred $1.2 billion to the State Bank of Pakistan (SBP) as part of a total of $3 billion approved by the IMF board. The remaining balance of $1.8 billion will be provided after two upcoming reviews scheduled for November 2023 and February 2024.
(more…) -
FBR Extends Tax Exemption of Rs12.24 Billion on Civil and Military Pensions
Karachi, July 13, 2023 – The Federal Board of Revenue (FBR) has announced an extension of income tax exemption totaling Rs12.24 billion on pensions disbursed to civil servants and military personnel.
(more…) -
IMF Board Greenlights $3 Billion Stand-By Arrangement for Pakistan
Washington, DC, July 12, 2023 – In a move to bolster Pakistan economic stabilization efforts, the Executive Board of the International Monetary Fund (IMF) has granted its approval for a nine-month Stand-By Arrangement (SBA) worth SDR2,250 million (equivalent to approximately $3 billion or 111 percent of quota).
(more…) -
Google Briefs Pakistani Authorities on Data Protection
Islamabad, July 12, 2023 – A delegation from Google held a meeting with Pakistani authorities on Wednesday to discuss data protection matters.
(more…) -
Pakistan Advises Financial Institutions to Refrain from Processing Cryptocurrencies
Karachi, July 12, 2023 – The State Bank of Pakistan (SBP) has issued a detailed report advising all financial institutions (FIs) in the country to avoid processing cryptocurrencies due to their status as non-legal tender.
(more…)