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Daily Archives: December 30, 2021

Taxes Worth Only Rs. 2 Billion to be Imposed on the Common Man in New Finance Bill

A Special Cabinet meeting was convened on 30 December 2021 to discuss and approve the Finance (Supplementary) Bill, 2021. Chairman Federal Board of Revenue (FBR) explained the salient features of the Bill. In his presentation, he emphasized the importa…

Govt Tables Supplementary Finance Bill in National Assembly

The Finance Minister, Shaukat Tarin, on Thursday, presented the Supplementary Finance Bill in the parliament amid strong protest from opposition benches.The bill, dubbed the mini-budget by opposition parties, was originally scheduled to be presented in…

SBP Reserves Plunge by $298 Million

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell week-over-week by $298 million (1.64 percent).According to the central bank’s weekly report released on Thursday, the country’s total liquid foreign exchange reserves went down…

Federal Govt to Bear Reqo Diq Development Costs: PM Khan

The federal government will cover the entire cost of the development of Reqo Diq, which is one of the world’s largest undeveloped copper and gold mines in Balochistan.Prime Minister (PM) Imran Khan tweeted the declaration after criticism from the provi…