International aviation body dismisses Modi’s complaint against Pakistan

International aviation body dismisses Modi’s complaint against Pakistan

International Civil Aviation Organisation (ICAO) on Tuesday dismissed New Delhi’s complaint against Pakistan’s refusal to grant Indian Prime Minister Narendra Modi the permission to travel to Saudi Arabia. The Indian publication quoted the ICAO’s spokesperson saying, “The Convention on International Civil Aviation (Chicago Convention), which ICAO helps governments to cooperate...

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‘Swaying international investment from US to Pakistan’, says Hafeez Shaikh

‘Swaying international investment from US to Pakistan’, says Hafeez Shaikh

NEW YORK: The Finance Adviser to the Prime Minister Imran Khan, Abdul Hafeez Shaikh, said that the government was putting efforts to direct the international investment from the United States towards Pakistan. The advisor to the Prime Minister said that different meetings with businessmen and business groups are in the...

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FBR aims to increase sales tax registrations up to 400,000

FBR aims to increase sales tax registrations up to 400,000

The Federal Board of Revenue (FBR) Tuesday set the target to mount sales tax registrations up to 400,000 people in next three years to eventually boost revenue collection and documentation of economy “Around 250,000 people are already registered with FBR’s sales tax net, however only 41,000 were paying the sales...

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Gold price soars by Rs1700 per tola to Rs82,000

Gold price soars by Rs1700 per tola to Rs82,000

The price of 24 karat gold jumped by Rs1700 on Thursday and was traded at Rs82,000 per tola as compared to the previous day’s closing of Rs80,300. According to Karachi Sarafa Association, the price of 10 gram gold also witnessed increase of Rs1458 and was traded at Rs70,302 against Rs68,844...

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Saudi Arabia to extend $3.2 billion deferred payment facility with Pakistan from July

Saudi Arabia to extend $3.2 billion deferred payment facility with Pakistan from July

Saudi Arabia will extend  $3.2 billion deferred payment facility for petroleum with Pakistan from July 1, as promised in October last year. “The Saudi facility will get activated in July and provide about $3 billion worth of oil supplies on deferred payments,” finance ministry’s spokesman Dr Khaqan Najeeb told sources....

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IMF briefed on tax amnesty, privatisation, power, gas tariffs

IMF briefed on tax amnesty, privatisation, power, gas tariffs

The talks with International Monetary Fund (IMF) team focused on briefing on tax amnesty scheme by the Federal Board of Revenue, privatisation programme, power and gas tariffs, and the government’s policies. Pakistan will have to submit its fresh plan on privatisation front in order to strike a deal with the...

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Pakistan’s trade deficit shrinks by 14 per cent as imports decline

Pakistan’s trade deficit shrinks by 14 per cent as imports decline

Owing to practical steps taken by the incumbent government, the trade deficit has dropped by 14 per cent in the first 9 months of PTI’s government rule, ARY News reported on Tuesday. According to the Statistical department, the trade deficit remained $33.45 billion in July-March against $47billion in the same...

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Rupee’s value is in tune with the market: Asad Umar

Rupee’s value is in tune with the market: Asad Umar

According to media reports, Finance Minister Asad Umar said that there is no reason for any further devaluation in the rupee. Addressing a ceremony at Pakistan Stock Exchange in Karachi by video link from Islamabad, the Finance Minister said, “Rupee’s value is in tune with the market and the State...

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Pakistan GDP growth to decelerate further to 3.9% this year: ADB

Pakistan GDP growth to decelerate further to 3.9% this year: ADB

The Asian Development Bank has forecast Pakistan’s economic growth to decelerate to 3.9% in fiscal year 2019 following a pronounced widening of the country’s balance of payments deficit in 2018. In its flagship economic publication titled “Asian Development Outlook (ADO) 2019,” the bank said Pakistan’s GDP growth is forecast to...

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FBR extends deadline for filing tax returns to April 30

FBR extends deadline for filing tax returns to April 30

ISLAMABAD: The Federal Board of Revenue (FBR) Sunday further extended the date of filing of income tax returns / wealth statements for the tax year 2018 till April 30. According to FBR statement, the date of filing of returns for companies, individuals and association of persons has also been extended...

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