Imran Ali Kundi

  • ISLAMABAD- The Economic Coordination Committee (ECC) on Wednesday approved the withdrawal of five percent regulatory duty (RD) on the import of cotton yarn till June 2021. Ministry of Commerce presented a proposal before ECC regarding removal of 5% regulatory duty on import of cotton yarn till ...

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  • ISLAMABAD   -  The Federal Board of Revenue (FBR) has exceeded the five months tax collection target by Rs19 billion.  The FBR has collected Rs 1688 billion net revenue in the current fiscal year from July to November against target of Rs. 1669 billion whereas revenue collected ...

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  • ISLAMABAD   -  The Asian Development Bank (ADB) and the government of Punjab have signed a memorandum of understanding (MoU) to jointly promote public-private partnership (PPP) projects in Punjab’s health care sector through ADB’s transaction advisory services. The MoU ...

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  • Adviser urges need to take necessary administrative measures to reduce high profit margin at wholesale and retail levels ISLAMABAD   -   National Price Monitoring Committee (NPMC) has stressed that provincial governments should workout plan to ensure smooth supply of ...

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  • | Hammad Azhar says 95pc of existing employees to be laid off in phases with all financial benefits | Invites Sindh govt to take part in bidding process for the mill | Control of the mill will be handed over to private partner  ISLAMABAD  -  The federal government yesterday ...

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  • ISLAMABAD-Pakistan borrowed $3.18 billion from external sources during first four months (July to October) of the current fiscal year to maintain its foreign exchange reserves.The borrowing from external sources remained lower due to the Covid-19, which had slowed down the pace of the development ...

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  • ISLAMABAD - The Asian Development Bank (ADB) has approved a $300 million policy-based loan to help promote macroeconomic stability in Pakistan by facilitating improved trade competitiveness and export diversification. “While COVID-19 hit Pakistan at a critical point in its macroeconomic ...

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  • ISLAMABAD   -  The ministry of finance has warned that downside economic risks are becoming prominent due to the increase in number of coranavirus cases in the country.  “Economic recovery which was started since the start of the new fiscal year, continued in the month of ...

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  • ISLAMABAD   -  Pakistan and Germany on Friday signed financing agreements worth €18.5 million in field of energy, health & climate change.  The government of Pakistan, represented by the Ministry of Economic Affairs, and the Government of Germany, through German ...

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  • ISLAMABAD  -  The federal government has extended its full support to the Pay and Pension Commission in preparing recommendations for appropriate relief for civil and military government servants and pensioners by removing distortions in next year budget and suggest a way forward on ...

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  • ISLAMABAD   -  The ministry of commerce has started consultation with stakeholders on proposed Pakistan-Afghanistan preferential trade agreement (PTA), which is likely to be finalised in next few month.  Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood ...

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  • ISLAMABAD  -  Foreign investors have expressed concern that Intellectual Property Rights (IPRs) protection does not attract due attention from some key stakeholders. Investors have sought protection of intellectual property rights. Overseas Investors Chamber of Commerce and Industry ...

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  • ISLAMABAD - Pakistan would receive $300 million from Asian Development Bank (ADB) within next few days that would build the country’s foreign exchange reserves. The ADB’s board of directors would meet on Friday to consider approving Proposed Policy-Based Loan for Subprogram 2 - Trade ...

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  • ISLAMABAD-The federal government on Monday has emphasised that the provincial governments and all other concerned authorities take immediate proactive measures to control increase in prices.The National Price Monitoring Committee (NPMC) reviewed the price trend of the essential commodities namely ...

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  • ISLAMABAD- Pakistan’s oil imports declined by 24.56 percent in first four months (July to October) of the current fiscal year, easing pressure on the country’s foreign exchange reserves.The country’s oil imports were recorded at $3.15 billion in July to October period of 2020-21 ...

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  • ISLAMABAD   -  The Competition Commission of Pakistan (CCP) on Thursday has carried out a search and inspection of the offices of Chairman and Vice Chairman of All Pakistan Cement Manufacturers Association (APCMA) located in Karachi. The CCP has exercised its powers under Section 34 ...

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  • ISLAMABAD   -  Federal Ministers rejoiced on Thursday over Pakistan’s current account witnessed a surplus for the fourth consecutive month in October, rising to $382 million or 1.6 per cent of the gross domestic product (GDP). “In October, the current account surplus rose ...

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  • ISLAMABAD-The Asian Development Bank (ADB) has raised Rs1.83 billion ($11.4 million) in a first issue of local currency karakoram bonds by a multilateral development bank of which Pakistan is a member. A karakoram bond is an offshore bond denominated in Pakistan rupees and settled in US dollars, ...

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  • ISLAMABAD- National Assembly Standing Committee on Industries and Production on Tuesday showed concerns over the higher prices of vehicles in the country and misuse of gift schemes for import of vehicles.The meeting of the Standing Committee on Industries and Production of the National Assembly was ...

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  • ISLAMABAD   -  The Economic Coordination Committee (ECC) of the Cabinet on Monday has decided to approve to lay off 3,500 employees of Pakistan International Airlines (PIA) under the voluntary separation. Advisor to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Sheikh ...

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  • ISLAMABAD  -  The Cabinet Committee on Privatisation (CCoP) on Monday approved the “Transaction Structure” for the divestment of 96.6% shares of Heavy Electrical Complex (HEC). Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh chaired the meeting of ...

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  • ISLAMABAD-The Cabinet Committee on Privatisation (CCoP) is likely to meet next week to consider the long-awaited transaction structure of Pakistan Steel Mills (PSM) and delisting some government-owned properties from the privatisation list.The CCoP would meet under the chair of Adviser to the Prime ...

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  • ISLAMABAD-Federal Board of Revenue (FBR) has issued the Terms of References (ToRs) for Integrity Management Cell and Regional Integrity Committees.According to the ToRs, the Integrity Management Cell will be headed by a BS-21/22 officer of IRS/Customs who will be assisted by two chiefs (one each ...

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  • ISLAMABAD-Following the precautionary measures against the spread of coronavirus, the Federal Board of Revenue (FBR) has decided to reduce the staff strength (BS-1 to 15) by 50 percent.“In order to contain increase in Covid-19 cases in FBR (HQ) and its filed formation and in line with the ...

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  • ISLAMABAD   -  The growth of large-scale manufacturing (LSM) industries was recorded at 4.81 percent in first quarter (July to September) of the current fiscal year showing that economic activities had revived in the country after the end of first wave of coronavirus.  The LSM, ...

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  • ISLAMABAD  -  Pakistan’s remittances inflows remained above $2 billion for the fifth consecutive month in October 2020, which would help in controlling the current account deficit of the country. “Workers’ remittances remained above $2 billion for the fifth consecutive ...

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  • ISLAMABAD-Federal Board of Revenue (FBR) and National Data and Registration Authority (Nadra) on Wednesday has signed Memorandum of Understanding (MoU) to automate tax collection system to facilitate the taxpayers. In line with the vision of the Prime Minister to automate tax collection system ...

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  • ISLAMABAD - In a major development, the Competition Commission of Pakistan (CCP) has issued show cause notices to Pakistan Sugar Mills Association (PSMA) and its 84 member mills on multiple instances of prima facie cartelization. The CCP has issued show cause notices to PSMA on multiple instances ...

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  • ISLAMABAD-New World Bank study suggested that Pakistan should quickly implement a major scale-up of solar and wind generation. Variable Renewable Energy (VRE) Integration and Planning Study finds that Pakistan needs to urgently implement a major expansion of solar and wind (variable renewable ...

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  • ISLAMABAD- Two provinces Punjab and Balochistan have failed to utilise their budgets in first quarter (July to September) of the current fiscal year that resulted in their surplus budgets.Punjab and Balochistan have recorded budget surplus of Rs28.2 billion and Rs29.5 billion respectively in the ...

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