Business

Encouraging power generation from alternative energy sources, Prime Minister Shahbaz Sharif, while announcing the abolition of the 17% general sales tax imposed on solar panels by the previous government, claimed that the rapid rise in the value of the US dollar That's the only way to reduce the country's $ 20 billion oil import bill.

Pakistan's national pavilions (both offline and online) will be set up in Beijing and on the popular Chinese social media platform TikTok to showcase Pakistan's high-quality products in both the offline and online markets in China.

Finance Minister Miftah Ismail asked foreign multinational corporations (MNCs) operating in Pakistan to present him with an export strategy on Friday, promising them "tax benefits."

Prime Minister Shehbaz Sharif has proposed to expand the China-Pakistan Economic Corridor (CPEC) between the three countries, China, Pakistan, and Turkey, so that the three countries can take advantage of its potential.

To stabilize the rapidly declining foreign exchange reserves and soaring import bill, the government has banned the import of non-essential and luxury commodities, as part of measures that a minister claimed would save $6 billion.

The US Energy Department announced on Thursday that it will invest $3.5 billion in four large-scale projects throughout the country to remove carbon dioxide from the air, a nascent technology that the Biden administration believes is required to attain a goal of net zero emissions by mid-century.

SBP Bans Companies Like OctaFX & Easy Forex

The Prime Minister has approved the Federal Board of Revenue (FBR) proposals to reduce the import bill by $ 1 billion per month and has decided to ban the import of more than 80 products.

During the year 2022-2021, the growth forecast of Pakistan's economy has increased significantly, which is the second-highest economic growth recorded in the last four years.

Punjab Chief Minister Hamza Shahbaz while announcing a subsidy of Rs. 160 per 10 kg bag of flour for the province said that this subsidy is being given using the available resources.