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CPEC project to bring economic prosperity in Pakistan: Chairman BOI

ISLAMABAD, Pakistan: Chairman Board of Investment (BOI) Dr. Miftah Ismail has said that China Pakistan Economic Corridor (CPEC) project was a gift for Pakistan...

ICCI for doubling income tax threshold in budget 2016-17

ISLAMABAD, Pakistan: Islamabad Chamber of Commerce and Industry (ICCI) on Saturday proposed to double the income tax threshold from existing level of Rs 400,000. The...

Interest rate cut by 25 basis points at 5.75%

KARACHI, Pakistan: State Bank of Pakistan (SBP) on Saturday announced to reduce its policy (interest) rate by 25 basis points from 6.0 percent to...

Pakistan’s liquid foreign reserves reached to over US $ 21.319 billion

ISLAMABAD, Pakistan: The total liquid foreign reserves held by the country stood at US$ 21,319.4 million on May 13, 2016. Giving the break-up of the...

Gilgit Baltistan Council approves Rs 831.925 million budget for 2015-16

GILGIT, Pakistan: Gilgit Baltistan Council, in its 9th session chaired by Prime Minister Muhammad Nawaz Sharif here on Thursday, approved the council's annual budget...

Pakistan Business Council Hosts Energy Forum “Pakistan’s Power Sector: Electricity Availability and Cost”

KARACHI, Pakistan: The Pakistan Business Council (PBC), a business policy advocacy forum, held a forum on “Pakistan’s Power Sector: Electricity Availability and Cost” on...

National Savings collects Rs 201 billion in 10 months

ISLAMABAD, Pakistan: Central Directorate of National Savings (CDNS) collected Rs 201 billion against the proportionate target of Rs 253 billion by May 5, during...

Foreign investment in Pakistan drops 65 percent in 10 months

ISLAMABAD, Pakistan: Foreign investment dropped by 65 percent in Pakistan in 10 months of the Fiscal Year (FY) 2015-16. According to the State Bank of...

Mango yield increases 40 percent this year

ISLAMABAD, Pakistan: Mango yield has increased at least 40 percent this season while fruit worth USD 7.5 crore will be exported. According to the Fruit...

US Exim Bank willing to finance 3600 MW LNG based power plants

ISLAMABAD, Pakistan: The US Exim Bank has expressed strong interest in providing financing for the three Liquefied Natural Gas (LNG) based power plants at...

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