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Business
Pakistan’s Investment Hits 50-Year Low Despite Efforts to Boost Economy
Despite initiatives by the Special Investment Facilitation Council (SIFC) to stimulate investment, the investment climate in Pakistan has notably declined,…
Pakistani Onion Exports Surge to $210 Million Despite Local Price Hikes
Unprecedented onion exports fetched $210 million during July-April FY24, despite consumers facing record prices for the vegetable due to inflation.…
Power Division Briefs IMF on Tax Reduction and Solar Policy Changes
On Tuesday, Power Division officials informed the visiting International Monetary Fund (IMF) mission about changes in the solar power policy.…
Mobile Imports Surge by 438%, Rice Exports Up 76% in Pakistan
During the first ten months of the current fiscal year 2023 - 24, Pakistan experienced a significant increase in imports…
Pakistan Government Evaluates IMF-Recommended Sales Tax on Medicines
The federal government of Pakistan is evaluating a proposal the International Monetary Fund (IMF) recommended to implement a sales tax…
Gold Hits Record High After Iranian President’s Death
The price of gold hit a record high on Monday due to the shock death of Iranian President Ebrahim Raisi…
Ogra Proposes 10% Cut for SNGPL and 4% Cut for SSGC Gas Prices
After determining the revenue needs for 2024-25, the Oil and Gas Regulatory Authority (Ogra) proposed reducing gas prices for Sui…
Pakistan Power Tariff Likely to Increase by Rs 3.49 per Unit in June 2024
Pakistani consumers may experience an increase in their electricity tariffs, with a proposed rate hike of Rs 3.49 per unit…
Government Reaffirms Commitment to Solar Net-Metering Policy,
Federal Minister for Energy Awais Ahmad Khan Leghari announced that the government will not end the solar net-metering policy. His…