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    Norway and South Korea Are Willing to Invest in Pakistan

    South Korea and Norway have expressed their willingness to invest in Pakistan. Two delegations from the countries have met Prime Minister Imran Khan in this regard. The meeting revolved around the investment opportunities prevailing in Pakistan. The PM apprised the businessmen about the facilities ensured by the government to ease the process of setting up […] More

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    UBL Closes Its Branch in New York

    United Bank Limited has closed off its branch in New York on January 28, according to the official notification issued to Pakistan Stock Exchange (PSX). UBL’s management took a major step to surrender its operating license of banking and financial services through the US branch. This move is a part of the liquidation of the NY Branch […] More

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    CPEC Will Continue to Support Reduction in Pakistan’s Risk Profile: Fitch

    China-Pakistan Economic Corridor (CPEC) will continue to support the growth of Pakistan’s construction industry in the coming years, aided by China’s sustained push on project implementation, as well as warming bilateral relationship between the two countries, says Fitch Solutions. Fitch in its latest report “Industry Trend Analysis – CPEC to Remain a Primary Driver of […] More

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    CCP Fines Popular Cafe for Illegally Copying Starbucks

    The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs 5 Million on a Lahore-based café owned by Options International (SMC-Pvt.) Limited (Options) for violating Section 10 of the Competition Act, 2010 and fraudulently using the official logo of international coffeehouse chain, STARBUCKS. Starbucks Corporation is registered in the State of Washington, the […] More

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    Govt to Simplify Tax-Filing Procedure in 2019: Asad Umar

    Finance Minister Asad Umar has announced that the government will simplify the mechanism for filing income taxes this year. He said that the Federal Board Revenue has prioritized the introduction of a user-friendly tax payment mechanism. The minister said this while talking to journalists. The finance minister also said that the tax scheme launched through […] More

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    IMF Asks for More Taxation Measures to Stabilize Economy

    The International Monetary Fund (IMF) has asked the Pakistani Government to take even more measures on the taxation front to increase the revenue collection on a short term basis to stabilize the economy. IMF’s Resident Chief in Pakistan, Teresa Daban Sanchez, said that the IMF was still evaluating the recent finance supplementary (second amendment) bill presented by […] More

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    SBP Directs PBA To Develop a Web Directory of Bank Defaulters

    State Bank of Pakistan (SBP) has instructed Pakistan Banks’ Association (PBA) to develop a web directory of bank defaulters who are considered as the high-risk customers involved in suspicious transactions of trade business. PBA shall arrange a system on its website in a searchable mode with primary search key to be the CNIC of directors/partner/sole […] More

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