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Thursday, March 13, 2025
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Pakistan economy

High sales tax strains Pakistan’s dairy sector

Pakistan has the world's highest sales tax on packaged milk, tea whitener, and powdered milk at 18%. The tax has raised packaged milk prices...

World Bank’s $40 billion investment in Pakistan’s economy revives hopes

The prime minister of Pakistan, Shehbaz Sharif, recently claimed that the country's economy will grow faster thanks to a $40 billion investment from the...

Pakistani Rupee edges lower against Dollar

On Monday, the Pakistani rupee had a fall of six paisas versus the United States dollar during interbank trading. It ended the day at...

Maryam Nawaz highlights economic reforms and criticizes past leadership in Pakistan

At an Asaan Karobar Scheme ceremony, Punjab Chief Minister Maryam Nawaz Sharif announced ambitious economic growth goals. She gave young entrepreneurs interest-free loan cheques...

Gold prices drop in Pakistan after record surge

Following a day of record highs, gold prices in Pakistan experienced a significant decline. The price per tola dropped by 1,600 rupees, reaching Rs301,500,...

Pakistan sees massive surge in income tax collection

Income tax collection in Pakistan has increased due to salaried workers. From July to January this fiscal year, the salaried sector paid a record...

UAE agrees to extend $2bn payment due by Pakistan

Prime Minister Shehbaz Sharif announced on Tuesday that the United Arab Emirates (UAE) has agreed to extend the $2 billion payment due from Pakistan...

Increased measures against illegal dollar trade boosted remittances

Bloomberg reported on Tuesday that Pakistan's crackdown on illegal foreign exchange trading has significantly boosted remittances. Remittances surged by 34% to $14.8 billion in the...

Stocks reach new high, surpassing 92,500

After facing losses overnight due to nervous selling by investors concerned about a potential shift in US policy following Donald Trump's win, the stock...

IMF team scheduled to visit on 11th to review program progress.

In response to significant deviations from performance targets, the International Monetary Fund (IMF) has scheduled an emergency mission to Islamabad next week to address...

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