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Pakistan Consumes Up to 90,000 Kgs of Gold Annually, Says CCP Study
Pakistan’s gold consumption has reached up to 90,000 kilograms annually, with demand valued between $8 billion and $12 billion, according to the Competition Commission of Pakistan (CCP). Despite this massive volume, more than 90 percent of the country’s gold trade…
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Microsoft Market Cap Hits $4 Trillion After Strong Q4 Earnings
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Microsoft market cap hit $4 trillion in after-hours trading on Wednesday following better-than-expected earnings in the April to June quarter, driven by rapid expansion in…
Pakistan Insulin Import from Russia Gains Momentum with Joint Ventures
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Pakistan is moving ahead with its plan to boost insulin import from Russia through collaborative ventures between pharmaceutical companies from both countries. A high-level meeting…
SBP Selects Design for New Currency Notes
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The State Bank of Pakistan (SBP) has finalized the design for Pakistan’s new currency notes, as announced by SBP Governor Jameel Ahmad during a press…
Trump Seals Trade Deal with Pakistan, Slaps Heavy Tariffs on India
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WASHINGTON: U.S. President Donald Trump announced today (July 31st) the completion of a bilateral trade agreement with Pakistan, looking forward to a strategic energy partnership…
FBR Exempts Foreign‑Supplied Digital Goods from 5% “Digital Presence” Tax
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In a move that surprised many, the Federal Board of Revenue (FBR) has suspended the 5% Digital Presence Proceeds Tax on foreign-supplied digital goods and…
SBP Keeps Monetary Policy Rate Steady at 11%
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The State Bank of Pakistan (SBP) has opted to maintain the monetary policy rate at 11 percent, citing a mix of easing inflation, emerging risks…
Rs53 Billion Refund for Electricity Consumers on the Cards
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The government is preparing to issue electricity refunds for consumers amounting to Rs53.4 billion across the country, including for K-Electric customers. The adjustment is part…
FBR Enforces 18% Sales Tax on Cotton Imports
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The Federal Board of Revenue (FBR) has imposed an 18 percent sales tax on cotton imports after previously withdrawing sales tax exemption on imported cotton…
Pakistan’s Economy Stabilizes Through Policy Reforms and Market Mechanisms
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ISLAMABAD: The Economic Policy & Business Development (EPBD) think tank has rejected the assertion that Pakistan’s current economic stability is artificial or unsustainable. The think…
Legit or Scam: Should You Invest in Quantum Computing Stocks?
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A company literally named Quantum Computing (NASDAQ: QUBT) has seen its market cap rocket from $55 million to $2.4 billion within a year. But could…
Pakistan-Kyrgyzstan Trade Aims for $100 Million Revival
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Pakistan and Kyrgyzstan on Monday reaffirmed their commitment to boosting bilateral trade to $100 million during the fifth session of their Inter-Governmental Commission on Trade-Economic…
Govt Mandates QR Codes on Utility Bills for Digital Payments
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To boost financial digitization, the government has ordered mandatory QR codes on electricity, gas, and phone bills for digital payments. In a high-level meeting chaired…
FBR Customs Values on Duplex and Packaging Board Revised
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The Directorate General of Customs Valuation Karachi has revised the FBR customs values on duplex and packaging board imports. The changes apply to One Side…
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