AsiaNet-Pakistan

Recent Press Releases

FBR to Integrate Foreign Currency Dealers With Its POS System

January 14, 2022 |

The Federal Board of Revenue (FBR) has decided to integrate the foreign exchange dealers with its Point of Sale (POS) system to keep an eye on the trading activities of the forex market.According to the draft, prepared by the tax collection authority, …

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Private Sector Borrowing Drops From 5.3% to 1.2% in 20 Years

January 14, 2022 |

Banks’ loans to the private sector dropped from 5.3 percent of GDP to 1.2 percent in the last 20 years, as per the World Bank (WB) data showing credit trends from 2001 to 2020.The WB is busy streamlining a picture of the current situation where the US …

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Remittances Surge to $15.8 Billion in First Half of FY22

January 14, 2022 |

The inflows of remittances maintained its sustainability from the recent past which continued to surge the overall values to a handsome level of $15.8 billion in the first half of the financial year 2021-22.The remittances grew by 11.3 percent during t…

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SPI-Based Weekly Inflation Declines Due to Decrease in Food Prices

January 14, 2022 |

The Sensitive Price Indicator (SPI) for the week ended 13 January 2022 recorded a decrease of 0.43 percent, stated the Pakistan Bureau of Statistics (PBS).During the week, out of 51 items, prices of 16 (31.37 percent) items increased, nine (17.65 perce…

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Rupee Posts Big Gains Against the US Dollar After Mini-Budget Approval

January 14, 2022 |

The Pakistani Rupee (PKR) has reversed yesterday’s losses against the US Dollar (USD) and posted gains in the interbank market today. It gained 31 paisas against the greenback after hitting an intra-day high of Rs. 176.00 against the latter during toda…

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National Assembly Approves NITB Autonomy Bill

January 14, 2022 |

The National Assembly has passed the National Information Technology Board (NITB) Bill, which would not only enable the Board to harness the latest solutions ICT’s have to offer but would also induct and mainstream these technologies in the processes o…

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World Bank to Consider $85 Million House Financing Project For Pakistan Next Month

January 14, 2022 |

The World Bank’s Board of Executive Directors will consider the “Pakistan Housing Finance-Additional Financing” project next month, with the objective to increase access to housing finance for households and support capital market development in the co…

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These Are the Newly Approved Taxes on Petrol and Electric Cars

January 14, 2022 |

After a lot of wait and speculation, the National Assembly has finally approved the mini-budget, which spells trouble for the car industry. The most notable amendment is that the Federal Board of Revenue will now charge 12.5 percent General Sales Tax (…

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Govt to Establish Banking Counters on Pak-Afghan Border

January 14, 2022 |

Advisor to the Prime Minister on Commerce, Abdul Razak Dawood, has accepted the recommendation of the Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) to set up banking counters on the Pak-Afghan border.The advisor promised Presiden…

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Final Entry Deadline Extended in the 2022 Stevie® Awards for Sales & Customer Service

January 13, 2022 |

Entrants Can Submit Nominations in the Top Sales and Customer Service Awards Through February 2 Stevie Awards for Sales & -Service FAIRFAX, Va., Jan. 13, 2022 (GLOBE NEWSWIRE) — By popular demand, the Stevie® Awards have extended the final entry deadline in the 16th annual Stevie® Awards for Sales & Customer Service to Wednesday, February […]

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Madison Realty Capital Originates $345 Million Loan for St. Regis Residences on Boston Waterfront

January 13, 2022 |

NEW YORK, Jan. 13, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has originated a $345 million loan to Cronin Development for the completion of a 22-story, 114-unit residential and retail condominium development at 150 Seaport Boulevard […]

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Reinventing NFT experience – Artemis Launched the World’s First Decentralized Mobile-focused NFT Social & Trading Platform

January 13, 2022 |

HONG KONG, Jan. 13, 2022 /PRNewswire/ — We are proud to announce the launch of Artemis, the world’s first decentralized mobile-focused NFT social & trading platform starting on Solana. Artemis will first launch with a desktop and mobile web version, offering 0% transaction fees trading until the end of February, followed by the release of a […]

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