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ISLAMABAD: The Bureau of Statistics has released a weekly report on the rise in food prices.

According to the details, weekly inflation figures were released by the Bureau of Statistics, which said that the inflation rate increased by zero point 81 percent in one week.

The overall inflation rate has once again crossed the 9% level, with chicken, bananas, eggs, sugar and wheat flour becoming more expensive this week.

According to the statistics agency, prices of cooking oil, spices, ghee, electricity and soap have gone up. Chicken meat has gone up by Rs. 17, eggs by Rs. 6 per dozen, wheat by Rs. 24 per 20 kg bag of flour and sugar by Rs. I increased by Rs.

In one week this week, 2.5 kg of ghee became more expensive by Rs.

According to the data, prices of 6 items declined during the week, tomatoes became cheaper by Rs 7 and potatoes by Rs 1 per kg, while domestic cylinders of LPG, garlic and jaggery declined marginally. Happened

According to the statistics agency, prices of 21 items stabilized during the week.

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ISLAMABAD: The Finance Ministry has released a report on loans to Pakistan.

According to the report issued, from June 2019 to September 2020, the internal debt increased by Rs 2660 billion and the internal debt increased to Rs 23,392 billion.

External debt increased by 6 6 billion in 15 months, the finance ministry report said.

According to the report, foreign debt has risen to 79 79.90 billion. The current government has repaid Rs. 569 billion to the SBP of previous governments. Pakistan is the largest debtor to the World Bank.
The government has issued long-term bonds at low rates to the finance ministry
Regarding loans, the report also said that World Bank loans have reached 16.18 billion. Asian Development Bank loans have reached 12.74 billion. Paris Club loans have reached 10.92 billion. Is

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Islamabad: Great news for the people who are suffering from tax evasion

According to sources, the FBR’s tax collections have exceeded the targets in the current financial year and in five months, the FBR has achieved the set tax targets, after which it has been decided not to impose more taxes on the people this year. Will

According to sources, the tax target of Rs 4963 billion will be maintained till June 30, 2012. The target for the first half of the current financial year will be achieved.

On the other hand, the IMF has approved Pakistan’s request for a delay in tax measures for six months. Pakistan had requested the IMF to delay the implementation of tax measures.

According to sources, the IMF has demanded a change in the income tax rate from Pakistan. Virtual talks between the IMF and Pakistan on corporate income tax will be held in the first week of January. It has agreed to renegotiate the sales tax exemption in 2012.

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ISLAMABAD: Prime Minister Imran Khan has succeeded in securing huge foreign investment for the betterment of the country’s economy.

In this regard, a consortium of 200 international companies has offered a joint investment of ک 5 billion. The Chinese government and companies have also decided to invest heavily in Pakistan.

According to sources, interest has been expressed in investing 3 3 billion in Pakistan. Prime Minister Imran Khan was informed of a possible 8 billion investment.

According to sources, a meeting chaired by Prime Minister Imran Khan last week reviewed the important developments and also considered the meeting of the working group of Ravi Urban Island Development Authorities.

Both the Chinese government and the companies have expressed interest in investing in the project. Briefing the Prime Minister, the concerned officials said that the investment of 3 3 billion would not include any kind of loan.
ANGCC will make a 5 billion joint venture.

It was informed in the briefing that the board has been constituted and work on the project will start from January. There is a plan.

He said that the project would generate a large amount of foreign investment and would also create wider employment opportunities and develop local and national industries. He said that all stakeholders would be taken into confidence for success.

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ISLAMABAD: The State Bank of Pakistan (SBP) has said that IT exports have increased by 51% in November 2020.

According to the details, the State Bank of Pakistan says that in November 2020, IT exports have increased by 51%. In the first five months of the financial year, IT exports have increased by 39%.

According to the SBP, IT exports reached 763 million in July-November.
On the other hand, economist Samiullah Tariq says that if the information technology (IT) sector is activated, exports can increase.

Samiullah Tariq said that the balance of external payments has improved, exports have improved while remittances have also increased in five months.

He said that IT exports increased by 51% in November and the federal government is currently focusing on four sectors including textile construction, electric vehicle and mobile manufacturing.

Samiullah Tariq said that the economic situation is stable but the road is still long and the economic indicators are moving in the right direction. IT exports through bank formulation will benefit while increasing both exports and revenue.

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ISLAMABAD: The government’s new five-year textile policy will provide investment and employment opportunities for millions of people.

According to sources, the new textile policy has set an export target of ارب 20 billion. The policy has been prepared in consultation with all stakeholders.

Sources in the Ministry of Textiles said that the policy includes reduction in gas, electricity and other duties.
A plan to rehabilitate closed textile mills has also been made part of the policy.

The policy will provide new investment and employment to millions of people.

special instructions of the PM Ik for the betterment of the textile sector

Owners of textile mills also expressed satisfaction that the government’s five-year textile policy is a good move.
Sources further said that implementation of textile policy will improve the country’s economy. Prime Minister Imran Khan has approved the textile policy last week.

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KARACHI: The State Bank of Pakistan (SBP) has announced its monetary policy for the next two months.

According to the details, the central bank has announced to keep the interest rate at 7% for the next two months. No change has been made in the discount rate.

According to a statement issued by the SBP, the recovery of the economy is gaining momentum and business sentiments have improved further, while the second wave of Corona poses significant risks of slowing down Pakistan’s economic growth.

According to the SBP, inflation is a result of food supply pressures which are temporary. Inflation is likely to remain at 7-9 per cent this financial year. Inflation and the risks to the economic growth scenario seem balanced.

It is to be noted that at present the policy rate in the country is at 7%. Earlier in the meeting held in September, the central bank had maintained the discount rate at 7%.

Earlier, SBP Governor Raza Baqir said that the situation is much better now than in June. For these reasons, it has been decided to keep the interest rate stable. The economic situation of the country has improved. Announced a monetary policy for which the interest rate will remain at 7%.

According to ARY News, the central bank has announced to keep the interest rate at 7% for the next two months. No change has been made in the discount rate.

According to a statement issued by the SBP, the recovery of the economy is gaining momentum and business sentiments have improved further, while the second wave of Corona poses significant risks of slowing down Pakistan’s economic growth.

According to the SBP, inflation is a result of food supply pressures which are temporary. Inflation is likely to remain at 7-9% this financial year, and the risks to inflation and the economic growth scenario seem balanced.

It is to be noted that at present the policy rate in the country is at 7%. Earlier in the meeting held in September, the central bank had maintained the discount rate at 7%.

Earlier, SBP Governor Raza Baqir had said that the situation was much better now than in June and for these reasons it had decided to keep interest rates stable.
Inflation has risen slightly, but it is an administrative issue. Various measures have been taken, including the Ehsas program, to prevent the effects of the Corona epidemic.

He said that the reduction in interest rates has given relief to the business community to the tune of Rs. 470 billion.

Inflation has risen slightly, but it is an administrative issue. Various measures have been taken, including the Ehsas program, to prevent the effects of the Corona epidemic.

He said that the reduction in interest rates has given relief to the business community to the tune of Rs. 470 billion.

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Karachi: Great success for the government of Pakistan on the economic front.

According to details, Federal Minister for Maritime Affairs Ali Zaidi said in a statement on social networking site Twitter that the major achievement of Imran Khan’s government was a 28-point improvement in Pakistan’s Border Trading Index and Pakistan rose from 136 to 108 in the 2020 list. The economy is moving in the right direction.

It may be recalled that the World Bank released its annual report on Ease of Doing Business in which the implementation of various measures under the Trading Facility Agreement resulted in a 28-point improvement in Pakistan’s trading cross-border index.

According to the annual report on Ease of Doing Business, Pakistan’s ranking improved from 136 to 108. In November 2020, Pakistan’s World Trade Organization’s TFA implementation rate reached ninety-nine percent. Which was only thirty-four percent in June two thousand and eighteen.

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Last week, 18 essential items became more expensive and 11 became cheaper

Inflation, as measured by the Wholesale Price Index (WPI), has come down to 0.07 per cent during the last week, followed by a modest decline to 7.68 per cent.
According to a weekly report on inflation released by the Bureau of Statistics, the price of sugar rose by an average of 57 paise in just one week, after which the average price of sugar rose from Rs 101.49 to Rs 102.06 per kg. While potatoes, bananas and beef have also become more expensive. In a week, dal mash, curd, eggs and ghee have also become more expensive.

According to the statistics agency, prices of 11 items have declined in the last one week. Among the items whose prices have come down, a 20 kg bag of flour has become cheaper by Rs4.69 while tomato prices have also gone down by Rs4.

According to the report, lentils, garlic, onions, lentils and goat meat have become cheaper in the country in the last one week. According to the data, prices of about 22 items have stabilized in the last week.

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Karachi: Overseas Pakistanis increase remittances by more thanTwo billion for fifth consecutive month

According to details, despite Corona, the country’s economic indicators continue to improve. A statement issued by the State Bank of Pakistan said that for the fifth consecutive month, Pakistanis abroad sent more than Rs 2 billion in remittances.
The SBP says remittances reached two billion in October, up 14 percent from October last year.
In the first four months of the current financial year, the total remittances increased by 26.5% to billion. The highest remittances were received from Pakistanis living in Saudi Arabia.
According to the SBP, 30 percent of remittances were sent to Pakistan from Saudi Arabia, 16 percent from the United States and 14 percent from London.
Last month, remittances as a whole rose to a record 7. 7.1 billion, up 31.1 percent from the same period last year.
It may be recalled that according to the report of the State Bank of Pakistan, the highest remittances received in the history of the country in July was dollar billion.
The SBP said remittances in July 2020 increased by 36.5 per cent over the previous year. This is the highest level of remittances coming to Pakistan in a single month.

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