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November’s CPI inflation increased to 29.2 percent year over year.
November’s CPI inflation increased to 29.2 percent year over year. It was reported that (CPI) expansion expanded to 29.2 percent on a year-on-year premise in November 2023 when contrasted with an increment of 26.8 percent in the earlier month and 23.8 percent in November 2022.
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Urged Pakistani investors to investigate the Omani market
Urged Pakistani investors to investigate the Omani market. It was reported that despite stronger ties, Oman’s consul general, Sami Abdullah Salim AlKhanjari, stated that Pakistan’s investment in Oman is weak.
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UN agency supports Pakistan’s claim for Regional harmony
UN agency supports Pakistan’s claim for Regional harmony. It was reported that Pakistan’s claim that maintaining a balance in a state’s defense capabilities improves regional peace and stability has received support from a UN committee. Three resolutions were proposed by Pakistan to the UN General Assembly, one of which addressed conventional weapons control at the…
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Pakistan test-fires Ababeel Nuclear Missile
Pakistan test-fires Ababeel Nuclear Missile. It was reported thatĀ Pakistan has test-terminated an Ababeel rocket equipped for conveying various warheads that can go after various targets.Ā Pakistan last tried the different autonomously targetable reemergence vehicles-competent weapon on Jan. 24, 2017.
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FTO requests that FBR fix issues with real estate valuation.
FTO requests that FBR fix issues with real estate valuation. It was reported that the Federal Tax Ombudsman encouraged FBR to continue to be watchful regarding current market prices in the real estate industry and periodically evaluate all of the property rates in the Bahawalpur region when its examination was complete. The FTO looked into…
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Iran is prepared to request the restart of FTA negotiations.
Iran is prepared to request the restart of FTA negotiations. It was reported that as both nations are closely coordinating on a Five Year Strategic Trade Cooperation Plan (FYSTCP) to increase their bilateral trade to $5 billion annually, Iran is prepared to formally invite Pakistan to resume negotiations on a Free Trade Agreement (FTA).
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Active Taxpayers in Pakistan Increase to 4.22 Million
Active Taxpayers in Pakistan Increase to 4.22 Million. It was reported that with 4.22 million active taxpayers, Pakistan’s Active Taxpayers List (ATL) has reached a critical milestone. Following the implementation of the cash withdrawal restrictions on July 1, 2023, this significant growth took place.
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Pakistan delegation of 15 will travel to China.
Pakistan delegation of 15 will travel to China. It was reported that in order to further boost academic and people-to-people contacts between Pakistan and China, a 15-member Pakistani delegation headed by Ambassador (R) Sohail Mahmood, Director General, Institute of Strategic Studies Islamabad (ISSI), would attend a seminar and think tank forum in China.
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The President approves the 35% ARA by 2023 for all Federal employees.
The President approves the 35% ARA by 2023 for all Federal employees. It was reported that the summary states that as of June 30, 2023, employees in grades 1 through 16 will receive a 35% Ad-hoc Relief Allowance of their basic pay, while those in BPS 17 through 22 will receive a 30% Basic Pay.
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The half-year profit for Pakistan Tobacco Company increased by 30% to Rs. 11 billion
It was reported that for the six months that concluded on June 30, 2023, Pakistan Tobacco Company Limited reported a half-yearly profit of Rs. 11 billion, which is over 30% more than the profit for the same period in the previous year.
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Pakistan to implement a Riba-Free Banking System
Significant Steps Are Being Taken by Pakistan towards the Implementation of a Riba-Free Banking System. It was reported that The State Bank of Pakistan strives to create a financial system that complies with Sharia law.
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Russia and Pakistan will have their fifth round of bilateral political talks
Russia and Pakistan will have their fifth round of bilateral political talks. It was reported that the fifth round of bilateral political consultations between Pakistan and the Russian Federation will take place in Islamabad with the goals of reviewing the status of bilateral ties, identifying areas of shared interest for future collaboration, and exchanging opinions…
