Finance
12.5% tax rate for those earning Rs100000-300000/month
For the salaried class, the government proposed a tax rate of 2.5 percent for income brackets of Rs50,000 to Rs100,000....
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PSX crashes after PM Shehbaz announces 10% tax on industries
The Pakistan Stock Exchange (PSX) halted trading on Friday after the market crashed following Prime Minister Shehbaz Sharif's announcement of...
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SBP Reserves Down By $748 Million to 8.24 Billion, Hit Lowest Level Since 2019
The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by 8.3 percent on a weekly basis,...
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Saved Pakistan from bankruptcy: Miftah Ismail
Finance Minister Miftah Ismail addressed the nation on Thursday, assuring them that his team has saved Pakistan from bankruptcy by...
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Rupee rises in interbank after news of $2.3bn China rollover
It is being observed that the rupee is regaining its value against the dollar, as it gained Rs3 in the...
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SBP raises Rs155bn through Pakistan Investment Bonds
The State Bank of Pakistan (SBP) on Wednesday successfully auctioned off Pakistan Investment Bonds (PIBs) worth Rs155 billion, exceeding the...
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Pakistan, China sign $2.3b loan facility agreement
Pakistan on Wednesday signed a loan facility agreement with a Chinese consortium of banks for RMB 15 billion ($2.3 billion)....
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RDA receives the highest single day inflow of $57 million.
KARACHI: Government data shows that the RDA has received an inflow of $57 million, the highest ever single day deposit....
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Pakistan & IMF sign agreement to release US$1 bn tranche
The Pakistan & IMF have reached an agreement for the release of a US$1 billion tranche, after the latter approved...
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Rupee snaps losing streak on IMF breakthrough, up Rs1.80 against dollar
The rupee snapped its losing streak against the dollar on Wednesday, gaining Rs1.80 in the early morning interbank market. The...
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