Business | Pakistan News Digest

  • Foreign Direct Investment Dropped by 50% in FY19

    Foreign investments in Pakistan failed to show an improved picture in Jul-Mar FY19. The Foreign Direct Investment (FDI) stood at US$1.737 billion in July-June (2018-19) compared to the investment of $3.47 billion recorded during the same period,...

    • Posted 3 days ago
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  • SBP to announce monetary policy for next two month on Tuesday

    The State Bank of Pakistan (SBP) will announce monetary policy for next two month on Tuesday.Governor SBP will announce the monetary policy after the meeting of monetary policy committee.Source: Radio Pakistan

    • Posted 4 days ago
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  • 55 Chinese Companies Want to Invest $5 Billion in Pakistan

    More than 50 Chinese companies are willing to invest in Pakistan, according to a delegation of the Chinese business community.The delegation, comprised of 55 company heads, called on Prime Minister Imran Khan on Friday in the presence...

    • Posted 6 days ago
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  • FBR to Introduce a Single Tax Portal for Filers

    The Federal Board of Revenue (FBR) and the four provinces have decided to launch a single online portal for taxpayers for filing of sales tax returns of goods and services under the government's ease of doing business...

    • Posted 7 days ago
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  • FBR to Launch an Automated System for Tax Exemption Certificates

    The Federal Board of Revenue (FBR) has proposed an automated system for the issuance of exemption certificates to importers of raw materials in a bid to expedite the processing time and remove human interaction.The FBR has sought...

    • Posted 1 week ago
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  • Pakistanis Remitted $21 Billion in FY 2018-19: SBP

    Remittance inflows received from overseas Pakistanis broke another record, reaching $21 billion for the financial year 2018-19.According to the State Bank of Pakistan (SBP), Pakistani workers remitted $21.841 billion during FY19 showing a growth of 9.6...

    • Posted 1 week ago
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  • Bank Deposits Hit AllTime High of Rs 14.46 Trillion

    The total deposits of the banking sector have reached a historic high of Rs 14.46 trillion at the end of the fiscal year June FY 19.According to the data updated by State Bank of Pakistan (SBP), total...

    • Posted 1 week ago
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  • Pakistan Received $9.76 Billion in Foreign Aid & Loans in 11 Months of FY2019

    Pakistan provisionally received over $9.76 billion of foreign assistance in the first eleven months (July-May) of the financial year 2018-19 against $10.448 billion during the same period of 2017-18.The Pakistan Tehreek-e-Insaf-led government borrowed ...

    • Posted 2 weeks ago
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  • Farmers advised to complete Moong cultivation during July

    The agriculture experts have advised the growers to start cultivation of Moong immediately and complete it by end of July to get bumper yield.According to a spokesman for the Agriculture Department, the Moong pulses are used largely...

    • Posted 2 weeks ago
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  • Today last date for declaration of assets under Assets Declaration Scheme

    Today is the last date for declaration of Assets under Assets Declaration Scheme through a Presidential Ordinance.In a clarification statement, Federal Board of Revenue said that it also include the condition of retaining cash, foreign currency and...

    • Posted 2 weeks ago
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  • PSX remains bullish on Tuesday

    The Pakistan Stock Exchange was bullish today (Tuesday).The KSE100 Index closed today (Tuesday) at 34307.11 points as compared to 33996.33 points on the last working day with a positive change of 310.78 points.The total turnover was 91,162,130...

    • Posted 2 weeks ago
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  • Pakistan’s Crude Oil Production Increases 12.8% in First Nine Months of FY 201819

    Pakistan's domestic production of crude oil increased by around 12.8% during the first nine months (JulyMarch) of the fiscal year 201819.According to official data, the domestic production of crude oil remained at 24.6 million barrels during the...

    • Posted 2 weeks ago
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  • Razak rejects reports about problems in exports to China

    Prime Minister's Advisor for Commerce, Textile, Industry and Production Abdul Razak Dawood has rejected reports regarding any problem or dispute in exports to China. Talking to media persons during his visit to an exhibition 'Made in Gujranwala'...

    • Posted 3 weeks ago
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  • Rupee Drops to a New All-Time Low Against US Dollar on Thursday

    The US dollar continues to make new records against the Pakistani rupee, reaching a new all-time high of Rs. 164.50 in the interbank market on Thursday.The US dollar rose by Rs. 2.34 in the interbank market to...

    • Posted 3 weeks ago
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  • US Company Announces to Invest in Pakistan’s Solar Power Sector

    A US-based firm has announced to initiate a joint venture with a Pakistani company and invest in the country's solar power sector.The firm has already launched its mobile solar technology in Pakistan. The technology can be used...

    • Posted 3 weeks ago
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  • FBR’s Automated Sales Tax Registration System Will be Live From 1st July

    The new automated system for sales tax registration will be effective from July 1, 2019, according to the Federal Board of Revenue.The system will register the applicant for sales tax if they provide the documents mentioned below.According...

    • Posted 3 weeks ago
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