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IMF Projects Pakistani Exports at $46B by 2030, Below Government Target
While Pakistan aims to boost exports to $60B by 2030, the IMF forecasts they will reach only $46B, with imports rising to $82.8B, highlighting a growing trade deficit.
Muhammad Hashir
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Pakistan Shifts Focus from Aid to Trade, Eyes GCC Investments: Finance Minister
Finance Minister Aurangzeb says Pakistan is moving from aid reliance to trade- and investment-led growth, with GCC countries playing a key role in partnerships and FDI.
Muhammad Hashir
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State Bank of Pakistan Reduces Interest Rate by 50 Basis Points
State Bank of Pakistan slashes interest rate by 50bps, bringing it down to 10.5% amid economic recalibration.
Muhammad Hashir
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SBP to Mandate Biometric and Facial Verification for All Currency Transactions from Jan 1
State Bank of Pakistan mandates that from Jan 1, 2025, all citizens buying or selling foreign currency must undergo biometric and NADRA facial recognition verification to curb illegal transactions.
Muhammad Hashir
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US $686m Defence Package to Upgrade Pakistan’s F-16 Fleet Through 2040
The US has approved a $686m defence package to modernise Pakistan’s F-16 fighter jets, extending their service life to 2040 with advanced avionics, secure communications and enhanced interoperability.
Muhammad Hashir
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IMF Tax Demand Poses Risk to Pakistan’s Refinery Upgrade, Fuel Prices Could Spike
Pakistan’s refinery upgrade project faces hurdles as IMF demands 18% tax on petroleum imports. Petrol could rise by Rs 47/liter and diesel by Rs 50/liter if condition is accepted. Govt seeks tax exemption on machinery.
Muhammad Hashir
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Pakistan Approves 23 IMF Conditions Amid Widening Balance of Payments Deficit
Pakistan agrees to 23 IMF conditions, including energy sector reforms, tax hikes on fertilizers, pesticides, sweeteners, deregulation of sugar, and broader GST coverage to secure loan program.
Muhammad Hashir
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PVARA Grants NOCs to Binance and HTX, Moves Toward Regulated Crypto Market
Pakistan Virtual Assets Regulatory Authority (PVARA) grants NOCs to Binance and HTX, allowing initial preparations. Finance Minister highlights AI-powered oversight as Pakistan strengthens crypto regulation.
Muhammad Hashir
