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Pakistan has yet to receive an extension for the European Union’s (EU) Generalized System of Preferences Plus (GSP+) program, the Ministry of Commerce clarified. “Pakistan is in the process of the next review, and hopefully, will get the extension,” the MoCom said to clarify claims on social media that the…

Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, delivered a keynote address (through a video link) during the Round Table Conference (RTC) organized by the Daily Pakistan Observer on the topic “Islamic Banking – The Way Forward” in Karachi.In his remarks, the Finance Minister felicitated the Pakistan Observer, a…

State Bank of Pakistan (SBP) has introduced various options to overseas Pakistanis to invest in Pakistan, mainly in listed and unlisted companies, mutual funds, and real estate.In order to provide further investment and financing opportunities to non-resident Pakistanis (NRPs), the State Bank of Pakistan has allowed direct investment through the…

The Federal Minister for Economic Affairs, Omar Ayub Khan chaired a high-level meeting to review the progress of the Tarbela Hydropower Project (T5), Dasu Hydropower Project, and Dasu-Mansehra-Islamabad Transmission Line.The meeting was attended by senior officials of the Ministry of Water Resources, WAPDA & NTDC and Project Directors.Under the 5th…

In line with the Government’s resolve towards broadening of tax base and documentation of economy, Dr. Muhammad Ashfaq Ahmed, Chairman FBR has initiated a huge challenge to plug in tax evasion of Agricultural Income through a close cooperation between FBR and Provincial tax authorities to ensure that no taxable income…