ISLAMABAD: Federal Board of Revenue (FBR) has increased the valuation of property in Karachi by upto 25 percent while maintaining 11 categories of the properties in the metropolitan, ARY NEWS reported.For commercial in A-one category, the rate of open plot has been raised by Rs30,000 along with Rs11,250 per square yard increase for a build-up […]
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KARACHI: The Pakistan stocks plunged 1,922 points, or 4.24 per cent, at midday, as the investors were concerned over the rising import bill of the country, which will widen the current account deficit, dealers said.The KSE-100 Index shed 1,922 points, at around 12:40pm as a surge in yields of treasury bills on Wednesday’s auction signaled […]
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US President Joe Biden on Thursday proposed tougher rules for arriving travelers amid growing concerns over the Omicron coronavirus. One of the new travel regulations required of passengers entering the United States would be to present a negative coronavirus disease (COVID-19) test result within one day of their trip. “This additional testing plan offers a […]
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ISLAMABAD: A progress was made on the stream gas pipeline project between Pakistan and Russia as the dates for the signing of relevant agreements and documents have been finalised, citing sources, ARY News reported on Sunday. Diplomatic sources told ARY News that Russia greenlighted important matters related to the construction of a stream gas pipeline […]
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ISLAMABAD: Pakistan Petroleum Dealers Association (PPDA) called off their nationwide strike on Thursday after successful negotiations with the federal government over an increase in their profit margin, ARY News reported. According to sources, talks between petroleum division and petrol dealers’ remained successful after the federal government agreed over increasing their profit margin by Rs0.99 per […]
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ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved the New Gwadar International Airport (NGIA) 2nd revised project worth Rs 51,298.175 million. On Monday, the government approved the New Gwadar International Airport project in principle, costing Rs55.4 billion, or nearly 147% more than the initial revision, and permitted a reduction in […]
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India’s government will introduce a bill to ban private cryptocurrencies and create a framework for a central bank-backed digital money, parliament said in a shock announcement late Tuesday. The proposed bill “seeks to prohibit all private cryptocurrencies in India”, the Lok Sabha said, and comes after Prime Minister Narendra Modi warned last week that Bitcoin […]
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SYDNEY (Reuters) – Asian stocks made a soft start to the week on Monday while oil and the euro were under pressure, as the return of COVID-19 restrictions in Europe and talk about hastened tapering from the US Federal Reserve put investors on guard. Oil futures skidded about 1% at the open, sending Brent crude […]
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ISLAMABAD: The Central Power Purchasing Agency (CPPA) on Monday has sought Rs4.75 per unit hike in the power tariff in an application to the National Electric Power Regulatory Authority (NEPRA). The application has been submitted to the National Electric Power Regulatory Authority for adjustment of the power tariff with the fuel price in October. The […]
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TOKYO (Reuters) – Oil prices fell on Thursday, adding to an overnight plunge as China said it was moving to release reserves following a Reuters report that the United States was asking big crude consumers to consider a coordinated release of stocks to lower prices.The bid by the US administration to shock markets comes as […]
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