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Fitch Solutions maintained its forecast for the Pakistani economy to record real GDP growth of 4.2 percent in the fiscal year 2021-22, up from 3.9 percent in the fiscal year 2020-21.“We note that improving vaccination rates will buoy private consumptio...
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Feed SubscriptionChina to invest $15 bln in Pakistan’s petrochemicals sector
Chinese companies have expressed their readiness to invest fifteen billion dollars in Pakistan's petrochemicals sector.This was stated by Federal Secretary Board of Investment, Fareeha Mazhar while talking to APP in Islamabad today [Sunday].She said th...
Read More »NOCs being issued for new cement factories: Buzdar
Punjab Chief Minister Sardar Usman Buzdar says ten cement factories have been established and twenty two NOCs are being issued for establishment of new cement factories in Punjab.In a statement issued in Lahore on Saturday, Usman Buzdar said new cement...
Read More »Rupee Maintains Position Against the US Dollar as Markets Calm Following SBP Warning
The Pakistani rupee (PKR) depreciated by one paisa against the US dollar (USD) on Friday to close at 168.19.Yesterday, it recovered from the record low of September 15 and gained 94 paisas in the inter-bank market to close at Rs. 168.18.On September 15...
Read More »Experts Stress Need for Evidence-based Tax Policy for Tobacco Trade in Pakistan
The taxation policies toward the tobacco industry in Pakistan need to be based on real evidence, covering facts and figures about the share of illicit and smuggled products in the Pakistani market.This was the crux of a discussion by trade experts duri...
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