Category: Pakistan

Economy, Finance, Pakistan, SBP

From Zero to Hero: Pakistan Bonds Evoke Egypt’s Success Tale – Bloomberg

Global investors are piling into Pakistan’s local-currency bonds like never before. Attempts at economic reforms, support from the International Monetary Fund and interest rates topping 13% make the nation’s fixed income attractive amid a surge in the world’s pool of negative-yielding debt. Small wonder foreigners bought $342 million of debt in the quarter through September, compared with virtually zero inflows in the past two years, … Continue reading From Zero to Hero: Pakistan Bonds Evoke Egypt’s Success Tale – Bloomberg

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Economy, News, Pakistan, Power

Licences awarded for Renewable Energy Projects

The government has awarded generation licences to two foreign firms for setting up wind and solar power plants in Sindh, National Electric Power Regulatory Authority (Nepra) documents showed. The two companies, ENI New Energy Pakistan and Burj Wind Energy, have been given the license to set up the 10 MW solar and 13.8 MW wind power plants respectively. ENI will set up the solar plant … Continue reading Licences awarded for Renewable Energy Projects

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FBR, News, Pakistan

FBR officials unearth invoices scam from Faislabad

Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi on Tuesday lauded an FBR Faisalabad team for unearthing “a big fake and flying invoices scam” and arresting two businessmen involved in it. “Congratulate FBR Faisalabad team for unearthing a big fake and flying invoices scam. Two people are in custody after remand,” he tweeted. Warning people against indulging in such activities, he said automation has … Continue reading FBR officials unearth invoices scam from Faislabad

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Pakistan, Power

Government should lower electricity tariffs in winters. Here’s why.

If consumption in winter increases, power cost can come down Energy costs and tariffs have been increasing and may further go up. There is a need to explore ways and means for reducing these, wherever a reasonable opportunity exists. There is some scope in increasing various kinds of efficiencies and reducing various kinds of leakages and losses. Electricity cost and tariff can be brought down … Continue reading Government should lower electricity tariffs in winters. Here’s why.

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CPEC, Economy, Gawadar, News, Pakistan

Transit Trade open at Gwadar Port

Gwadar Port has been opened for transit trade and the first ship in this regard is set to arrive next week, a sub-committee of the Senate Standing Committee on Maritime Affairs was informed on Tuesday. Officials of the Ministry of Maritime Affairs briefed the sub-committee regarding transit trade and transshipment. The body was informed that the Afghan Trade Transit (ATT) Module required some changes that … Continue reading Transit Trade open at Gwadar Port

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Economy, FBR, News, Pakistan, Supreme Court

Supreme Court directs FBR in Tax Fraud

The Supreme Court on Thursday directed the Federal Board of Revenue (FBR) to submit a report within two weeks on measures taken to recover money from individuals receiving undue tax refunds through fraud. FBR Chairman Shabbar Zaidi told the court that the body had sent a summary to the Prime Minister’s Office for approval in order to initiate an inquiry against three people who are … Continue reading Supreme Court directs FBR in Tax Fraud

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Economy, News, Oil, Pakistan, Power

Oil Production Boost by 1.1m barrels per day

At least six oil refineries are at different stages of completion to ramp up crude oil refining capacity in Pakistan by around five percent with the government offering ‘unprecedented’ incentives to downstream sector to meet growing energy demand, officials said on Tuesday. A senior official said currently as many as six projects, investment initiatives and proposals in oil refining sector are in pipeline and at … Continue reading Oil Production Boost by 1.1m barrels per day

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Sticky post
Bonds, Finance, Pakistan, Personal Finance

50/20/30 Budget Rule Explained

Senator Elizabeth Warren popularized the 50/20/30 budget rule in her book “All Your Worth: The Ultimate Lifetime Money Plan.” The basic rule is to divide after-tax income, spending 50% on needs and 30% on wants while allocating 20% to savings. Needs Needs are those bills that you absolutely must pay and are the things necessary for survival. These include rent, car payments, groceries, insurance, health … Continue reading 50/20/30 Budget Rule Explained

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Feels, Human Rights, News, Pakistan, Women Empowerment

WPC celebrates International Democracy Day- FINPERIAL Participated

“Democracy for All” aimed to highlight the importance of active participation of citizens to strengthen democracy. The guests engaged with a young audience who have an important role to play in upholding democratic values. Women’s Parliamentary Caucus Pakistan (WPC) is a non-partisan informal forum for women parliamentarians of Pakistan. Secretary WPC Munaza Hassan welcomed the guests and speakers. Followed by speaker National Assembly Mr. Asad … Continue reading WPC celebrates International Democracy Day- FINPERIAL Participated

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