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Trade with Iran

EARLIER this month, Pakistan’s foreign minister, Bilawal Bhutto-Zardari, met his Iranian counterpart, Dr Amir Abdollahian, to review their countries’ relationship. The past few years have seen serious gains across multiple facets of the two neighbours’ bilateral relations, due substantially to the efforts of Pakistan’s mission to Iran. The clearest indicator of improving …

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Another jump sees petrol near Rs250

• New ex-depot rates of HSD and LDO stand at Rs276.54 and Rs226.15 per litre • Country’s fuel consumption jumped 20pc in last two months despite rising prices • Miftah says petroleum levy applied to revive stalled IMF loan programme ISLAMABAD: As committed to the International Monetary Fund (IMF), the …

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Udaipur killing

THE grisly beheading of a Hindu man by two Muslim suspects in the Indian city of Udaipur must be unequivocally condemned. The suspects reportedly committed the crime after the victim uploaded content on social media apparently supporting the BJP politician who had earlier made blasphemous remarks about the Holy Prophet (PBUH). The victim had …

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Sales tax on APIs reduced to 1pc

ISLAMABAD: The government has reduced sales tax to one per cent from the existing 17pc on the import of active pharmaceutical ingredients (APIs) besides some other minor amendments to income tax rates in Finance Bill 2022-23. The amendments were introduced in the National Assembly by Finance Minister Miftah Ismail and …

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You too, HEC

THE Higher Education Commission (HEC) has sent a circular to vice chancellors (VCs) of public universities drawing their attention to the financial crisis confronting the country and asking them to take a “leadership role and think of innovative ways to provide relief to the lower-income groups and the economy as a whole”. …

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Finance ministry sees more tough times ahead

ISLAMABAD: Hinting at a further increase in the policy rate by the State Bank of Pakistan, the Ministry of Finance anticipates ‘blurred growth prospects’ for the economy, which could be marred by the prevailing inauspicious global environment and higher domestic inflation, going beyond 15 per cent, in the upcoming fiscal …

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EU-mediated Doha talks on nuclear deal begin

DOHA: Chief negotiators from the United States and Iran began indirect talks in Qatar on Tuesday, bidding to remove obstacles that have stalled attempts to revive a landmark nuclear deal. The indirect negotiations headed by US special envoy Robert Malley and Iran’s Ali Bagheri come after more than a year …

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