State Bank of Pakistan (SBP) said Wednesday it had received its second instalment of $1.023 billion from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) program. “SBP has drawn the second instalment of SDR 760 million (US$ 1,023 million) from the IMF under the EFF program. The amount will be reflected in SBP’s foreign exchange reserves for …
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Karachi, May 13, 2025 — Islamabad and Russia have agreed to jointly set up a world-class steel mill in Karachi, a revival of economic relations between the two countries. The move follows wider mutual discussions for the improvement of trade and infrastructure cooperation. Official sources state that the proposed steel mill is to be constructed on the basis of to …
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In a big relief to rescue Pakistan’s agriculture sector, the Punjab government has announced a subsidy of Rs. 5000 per acre (600,000 wheat farmers across Punjab province). This program, started under the government’s Kisan package, is likely to benefit the cultivation of wheat on more than 4 million acres. Subsidy For Farmers Announced By Government “The Punjab Chief Minister, Maryam …
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The Pakistan Super League (PSL) is officially back on track after the days of tensions. The PSL X will resume on May 17, as confirmed by the PCB Chairman Mohsin Naqvi. By putting an end to rising assumptions over the forthcoming of this landmark tenth edition. PSL X, which had reached a critical stage before being suspended, was paused due …
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The Federal Board of Revenue (FBR) has prepared different proposals, one of which includes raising withholding taxes on online buying and selling platforms during the next fiscal year’s budget. Higher Tax on Online Buying and Selling Platforms Sources say FBR will present these applications before the visiting International Monetary Fund team, which starts consultations tomorrow to conclude next year’s budget. …
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The Punjab government is organizing to launch probability studies for major infrastructure development in Rawalpindi, including a flyover and underpass, a flyover on IJ Principal Road, and underpasses at Chandani Chowk and Marrir Chowk. Construction Of Flyover and Underpass in Rawalpindi In the Annual Development Program for the fiscal year 2025–26, these project are expected to be added. The applications …
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In income tax rates through different blocks for the salaried class in the upcoming budget, the federal government has planned up to a 10% tax relief. Approval is subject to the International Monetary Fund (IMF) in discussions starting this week. 10% Tax Relief Proposed for Salaried Workers In FY26 benefit of approximately Rs. 50 billion relief is expected to be …
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Save Our Pakistan, give congratulations to all Pakistanis, and salute the Pakistan Armed Forces. We praise the rigid confidence, expertise, and flawless commitment represented by our Armed Forces during their latest operation under increased India-related issues. The moment that fluctuations in the relationship with India threatened the stability of our region, our armed forces displayed persistent determination, upholding Pakistan’s honor …
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Since retirement is more often linked to the end of the working life effort, there is no need to be surprised when billionaires choose to remain active in their professions in their old age. Questionably, the prime example of this trend is Warren Buffett, who at 94 just announced his exit from Berkshire Hathaway, where, for six decades, he has …
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Islamabad, May 10, 2025 – Pakistan has certified the declaration of a comprehensive and immediate ceasefire with India through U.S. mediation, a major initiative towards a reduction of tensions following days of raised tensions around the Line of Control (LoC). President Donald Trump made the breakthrough on Saturday after overnight meetings with U. S. Secretary of State Marco Rubio and …
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