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Federal govt receives Rs81bn from two fertilizer firms

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KARACHI: The federal government has collected an amount of Rs81 billion from two fertilizers plants on account of Gas Infrastructure Development Cess (GIDC), sources...

Import of edible items rise by 55% in FY21

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Despite being an agricultural country, Pakistan's food items imports during the outgoing financial year rose by 55 percent to Rs1,331 billion. The Pakistan Bureau of...

SBP likely to keep policy rate unchanged at 7pc for sixth consecutive time

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KARACHI: The State Bank of Pakistan (SBP) will keep the discount rate unchanged at 7 per cent in the next Monetary Policy meeting scheduled...

PM says DRAP unable to support drug producers to enhance pharma exports

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KARACHI: Prime Minister Imran Khan has admitted that the Drug Regulatory Authority of Pakistan (DRAP) has failed to support the Pakistani medicine industry in...

Pakistan’s reserves reach all-time high figure of $25.33bn

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KARACHI:  The reserves of the State Bank of Pakistan (SBP) Wednesday touched an all-time high at $18.2 billion, which is the highest level since...

Govt mulls reducing electricity subsidy by Rs86bn

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In a bid to accept the International Monetary Fund (IMF) conditions to increase revenue, the government is considering reducing the number of power lifeline...

Shaukat urges FBR to follow rules to broaden tax base

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Federal Minister for Finance and Revenue Shaukat Tarin has urged the Federal Board of Revenue (FBR) staff to strictly adhere to timelines and benchmarks...

Inflation rate fall to 12.28pc from previous rate of 17.23pc

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ISLAMABAD: Federal Minister for Finance and Revenue, Mr Shaukat Tarin, chaired a National Price Monitoring Committee (NPMC) meeting at the Finance Division today.  Federal Minister for...

FBR issues draft rules for new export facilitation scheme 2021

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ISLAMABAD: The Federal Board of Revenue has issued draft rules for the new Export Facilitation Scheme 2021 and called for comments from industry, exporters and...

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