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Finance

Pakistan Stock Exchange Reaches Historic Highs Amidst Dramatic Volatility

Pakistan Stock Exchange Reaches Historic Highs Amidst Dramatic Volatility

Relational, a leading European-based business software provider, is making significant strides into Pakistan’s financial market through a strategic partnership with Dellsons Group. This collaboration aims to introduce Relational’s state-of-the-art fintech products and services, supporting Pakistan’s growing financial sector and advancing the country’s digital transformation journey.   Unprecedented Surge: Wednesday’s Historic Rally On Wednesday, the PSX…

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Proposal to Lower Retirement Age in Pakistan Sparks Debate

Proposal to Lower Retirement Age in Pakistan Sparks Debate

A bold proposal to lower the retirement age for civilian government employees from 60 to 55 years has sparked widespread discussion in Pakistan. The move, presented to Prime Minister Shehbaz Sharif, aims to address rising pension liabilities while improving the efficiency of government operations. However, it has faced resistance from both bureaucrats and senior officials,…

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ADB Approves $200 Million Loan to Transform Pakistan’s Power Distribution and Boost Energy Efficiency

Strengthening Pakistan’s Power Distribution: A $200 Million ADB Initiative to Enhance Energy Efficiency and Resilience In a significant move to address Pakistan's growing electricity demand and energy sector challenges, the Asian Development Bank (ADB) has approved a $200 million loan for the Power Distribution Strengthening Project. This initiative aims to modernize and upgrade the country’s…

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New Uraan Pakistan National Economic Transformation Plan 2024-2029: A Path to Prosperity

New Uraan Pakistan National Economic Transformation Plan 2024-2029: A Path to Prosperity

Prime Minister Shehbaz Sharif has unveiled the New Uraan Pakistan National Economic Transformation Plan 2024-2029, a groundbreaking roadmap for sustainable and high economic growth. The initiative aims to expand Pakistan's economy from its current size of $374 billion to an ambitious $1 trillion by 2035. This plan promises to redefine the country’s economic landscape with…

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UAE to Introduce New Tax Policies for Multinational Companies: What It Means for Businesses

UAE to Introduce New Tax Policies for Multinational Companies: What It Means for Businesses

The United Arab Emirates (UAE) is gearing up to implement a groundbreaking Domestic Minimum Top-up Tax (DMTT), set to take effect from January 1, 2025. Under this new policy, large multinational enterprises (MNEs) with consolidated global revenues of €750 million ($793 million) or more in two of the four prior financial years will be subject…

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Top 20 Employers Offering Fully Remote Jobs in 2025: Flexible Work Opportunities for Job Seekers

The Remote Work Revolution: 20 Employers Hiring Fully Remote Jobs in 2025 While remote work may not be as ubiquitous today as it was during the pandemic and in 2022, it remains a sought-after commodity among professionals. According to Semrush, global search volumes for terms like "remote jobs" and "work-from-home jobs" are still incredibly high,…

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IMF’s Exchange Rate Policy: Is the Pakistani Rupee Overvalued by Rs. 67?

IMF’s Exchange Rate Policy: Is the Pakistani Rupee Overvalued by Rs. 67?

The International Monetary Fund's (IMF) market-based exchange rate policy has kept the US dollar significantly overvalued against the Pakistani rupee, claims Tola Associates, a leading tax advisory and consultancy firm. In its recent Economy Alert note, the firm revealed that without IMF-imposed conditions, the rupee's value would have averaged Rs. 211.5 to the dollar by…

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Banking Sector Advances Surge in October 2024 as ADR Hits 44.2%

Banking Sector Advances Surge in October 2024 as ADR Hits 44.2%

The banking sector in Pakistan witnessed a significant increase in advances, reflecting an aggressive lending strategy aimed at meeting regulatory requirements for the Advance-to-Deposit Ratio (ADR). This uptick is a direct response to avoid penalties from the State Bank of Pakistan (SBP).   Aggressive Lending to Meet ADR Targets In October 2024, banks increased their…

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Trump’s Tariff Threats Against BRICS: A Prelude to Global Trade Tensions?

Trump’s Tariff Threats Against BRICS: A Prelude to Global Trade Tensions?

President-elect Donald Trump’s recent statements on his social media platform, Truth Social, have sent ripples through global economic circles. Trump declared his intent to impose a 100% tariff on member nations of the BRICS alliance—Brazil, Russia, India, China, and South Africa—should they pursue efforts to reduce reliance on the US dollar or create an alternative…

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How High Electricity Costs Are Impacting Businesses: Reasons & Solutions

The Need for Competitive Utility Prices and Interest Rates in Pakistan Pakistan’s business community has expressed growing frustration over the government's decision to raise petroleum product prices yet again, despite a global decline in oil prices. Main Anju Nasir, former president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and chairman of…

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Federal Government Contemplates Lowering Retirement Age to 55: Key Insights on Pension Reforms

Federal Government Contemplates Lowering Retirement Age to 55: Key Insights on Pension Reforms

The federal government of Pakistan is evaluating a significant reduction in the retirement age for government employees from the current 60 years to 55. This proposal, driven by the need to address the country's escalating pension costs, could potentially save up to Rs. 1 trillion annually. However, while the move could offer long-term financial relief,…

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FBR Missed Its November 2024 Tax Collection Target

Pakistan's Tax Collection Challenges: November 2024 in Focus The Federal Board of Revenue (FBR) is under immense scrutiny as it grapples with a significant shortfall in tax collections for November 2024. Despite rigorous tax policies, the gap between targets and actual revenues is widening, threatening the country's fiscal stability and raising concerns about potential corrective…

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Punjab Government’s Livestock Card and Interest-Free Loan Scheme: A Major Boost for Farmers

Punjab Government’s Livestock Card and Interest-Free Loan Scheme: A Major Boost for Farmers

The Punjab government has introduced a revolutionary initiative to uplift the province’s livestock sector by launching the Livestock Card and providing over Rs. 10 billion in interest-free loans. This initiative, spearheaded by Punjab's Chief Minister Maryam Nawaz Sharif and Agriculture and Livestock Minister Syed Ashiq Hussain Kirmani, aims to enhance meat and milk production, increase…

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Top 10 Apps to Make Money Online in 2025: Turn Your Smartphone Into a Passive Income Machine

The holiday season often comes with added financial pressure, but what if the solution to your money worries is already in your pocket? Smartphones, once considered mere communication devices, have transformed into powerful tools for generating income. In 2025, the gig economy is booming, giving people the opportunity to earn extra cash and find personal…

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Pakistan Reduces Hajj 2025 Airfare: Rs. 1.24 Billion Savings and New Pilgrim Benefits Unveiled

The Government of Pakistan has unveiled a groundbreaking initiative to reduce airfare for Hajj pilgrims in 2025, offering significant financial relief to those embarking on this spiritual journey. The announcement comes alongside the introduction of new Hajj policies, which promise greater convenience, flexibility, and inclusivity for pilgrims. Reduced Airfare Brings Rs. 1.24 Billion Savings As…

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Bitcoin Hits Record High Above $94,000 Amid Trump Administration’s Pro-Crypto Sentiments

Bitcoin Hits Record High Above $94,000 Amid Trump Administration’s Pro-Crypto Sentiments

Bitcoin, the world's leading cryptocurrency, has soared to a new all-time high, breaching the $94,000 mark. The surge follows reports that Donald Trump's Trump Media and Technology Group is in talks to acquire crypto trading firm Bakkt, sparking optimism about a cryptocurrency-friendly regime under the new Trump administration.     Record-Breaking Bitcoin Performance In Asian…

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Foreign Investment in Pakistan Rises 48% in Q1 FY2024, Driven by Saudi & UAE Partnerships

Foreign Investment in Pakistan Rises 48% in Q1 FY2024, Driven by Saudi & UAE Partnerships

 Foreign investment in Pakistan surged by an impressive 48% during the first quarter of the 2024 fiscal year, signaling a positive economic shift. This increase is largely attributed to investment contributions from Saudi Arabia and the UAE, which together totaled $26.8 million (about Dh98 million). The substantial growth highlights Pakistan’s progress in attracting foreign capital…

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2024 U.S. Election: Bitcoin Prices & Future Market Trends

Bitcoin Price Predictions: A Closer Look at Key Scenarios As the election season unfolds, market analysts are refining their projections for Bitcoin’s performance based on each candidate's approach to cryptocurrency regulation and policy. Here are the different scenarios and projected outcomes for Bitcoin under each potential administration.     1. Trump's Victory: Bitcoin as a…

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