Finance
Pakistan’s startups raise $103mn in April-June, amount 40% lower on quarterly basis
Pakistan's startup sector saw a sharp decrease in fundraising during the second quarter of the current calendar year (April-June 2022),...
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Outflow from domestic bonds exceeds $1bn in FY22
The data released by the State Bank of Pakistan (SBP) showed that the foreign investors withdrew more than one billion...
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Textile sector could see export-loss of $1 billion due to suspension of energy: APTMA
Govt has suspended supply of gas and RLNG to industry from July 1 to July 8APTMA says six-day Eid holidays...
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Sindh Revenue Board Collected Record Taxes In 2021-22
The Sindh Revenue Board (SRB) has set a new record for tax collection in the fiscal year 2021-22, reaching a...
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Pakistan’s Foreign Reserves Reach $16bn
The State Bank of Pakistan (SBP) announced that the nation's foreign exchange reserves were increased by US$2.071 billion as a...
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Govt suspends Mera Pakistan Mera Ghar (MPMG) Scheme
The government has issued a directive suspending the popular 'Mera Pakistan Mera Ghar' (MPMG) Scheme. Banks, Development Financial Institutions (DFIs),...
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France suspends Pakistan’s $107m loan repayment
The Pakistani government and France have signed an agreement under the G20 Debt Service Suspension Initiative (DSSI), which will suspend...
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Govt slaps levy upto Rs16,000 on import of cellphone
The National Assembly (NA) on Wednesday passed the Finance Bill 2022-23, which includes a levy on the import of cellphones,...
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Sales tax on APIs reduced to 1pc
The government has reduced sales tax on the import of active pharmaceutical ingredients (APIs) to one per cent from the...
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PKR extends gains against dollar, rises Rs1.40 as govt closes in on IMF tranche
The rupee strengthened against the US dollar in interbank trade on Thursday morning, appreciating more than Re1. This is being...
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