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Sunday, November 17, 2019
  • Tax revenue growth in FY19 turns negative first time in half century
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    FBR faced Rs607 billion of shortfall against revenue collection target of Rs4.435 trillion during FY18-19: report. Photo: File KARACHI: Pakistan has witnessed a negative growth in tax collection during the last fiscal year, first time in more than...... Read more »
  • Foreign investment in govt securities surpasses $711 million
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    Foreign investment in the treasury bills reached a new high of $267 million during November 1-12. Photo: FileKARACHI: Foreign investment in government securities has exceeded $711 million since the beginning of the current fiscal year as the...... Read more »
  • Salaries across Pakistan expected to decrease in 2020: report
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    The people of Pakistan are the only nation in the Asia-Pacific who will record a substantial decrease in salaries made next year on the back of rising inflation and depreciation of the Pakistani rupee, according to a report... Read more »
  • Pakistan, China agree to work on four key projects for oil, gas cooperation
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    Pakistan, China agreed to make Development Plan for Pakistan Oil and Gas Industry more actionable for quality development of CPEC. Photo: File ISLAMABAD: Pakistan and China have agreed to include four key projects for oil and gas cooperation...... Read more »
  • Rs100 billion tax evasions unearthed in four months
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    Large Taxpayers Unit has detected Rs100 billion as tax avoidance/evasion by at least 12 companies. Photo: FileKARACHI: The country's corporate sector has been found involved in at least Rs100 billion of tax evasion and avoidance during the last...... Read more »
  • Pakistan to get second tranche of approved IMF loan in December
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    International Monetary Fund’s (IMF) first assessment of Pakistan’s economic progress ends on a positive note, Pakistan to get second tranche of approved loan in December. The second tranche of IMF loan designated for Pakistan, worth 450 million rupees will approximately be delivered to the country by the end of this year. The... Read more »
  • Facilitating small farmers is foremost priority of present govt: PM Imran
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    Prime Minister Imran Khan has said facilitating the small farmers is amongst the foremost priorities of present government. He was chairing a meeting in Islamabad on Wednesday which reviewed matters pertaining to the agro production especially the facilitation of small farmers. The Prime Minister pointed out the agriculture policy especially the focus... Read more »
  • Traders union Strike Continues against anti-business policies of govt
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    Traders continue nationwide shutterdown strike on Wednesday against the anti-business policies of the government and new taxation system introduced by the Federal Board of Revenue (FBR). According to details, traders in Islamabad and Rawalpindi gave a powerful message about their unity as many shops and outlets are remained closed in the... Read more »
  • First quarter of financial year indicates country's economy on right track: Hafeez Sheikh
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    Adviser on Finance Dr. Hafeez Sheikh says the statistics of the first quarter of the current financial year indicate that the country's economy is on the right track and it is gradually stabilizing. He gave these remarks during a meeting with Pakistan's Permanent Representative at the United Nations Munir Akram in... Read more »
  • Kekra-I project met failure, PPL found nothing but water after digging deep
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    Prime Minister Imran Khan was reportedly misinformed about the presence of natural gas reserves near Karachi coast as there is a 86% chance that the expected reserves – called Kekra-I – would not be found under the surface of the sea. The project entails a cost of Rs124 billion on account... Read more »
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