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General Electric ready to expand business in Pakistan

General Electric is keen to invest in locomotives fabrication and health sectors and consider Pakistan a ‘very important market’ for the tech company, a senior official conveyed this in a meeting with Prime Minister Khaqan Abbasi. PM Abbasi said Pakistan was open to investment by foreign companies and offered lucrative …

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Interior Minister asks DG ISPR to refrain from statements on economy

Terming Pakistan’s economy stable, Interior Minister Ahsan Iqbal has said military spokesman should refrain from issuing statements on economy. Speaking to media here Friday, Ahsan Iqbal said economic situation in Pakistan is much better as compared to situation in 2013. Pakistan’s economy is stable and irresponsible statements in this regard …

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Petroleum products goldmine for govt

ISLAMABAD: The government is collecting a major chunk of its spending through taxes on petroleum products as they pay hefty amount of Rs34.95 extra on per litre of diesel in form of taxes and other heads whereas the ex-refinery cost of diesel stands at Rs70.30 per litre. POL products are …

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IMF bailout on the cards for Pakistan´s next government

Islamabad: Pakistan´s next government, to be chosen in a July 25 election, faces growing fears of a balance of payments crisis with speculation it will have to seek its second IMF bailout in five years, analysts say. The central bank is running down its foreign reserves and devaluing the currency …

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Pakistan’s external debt hits highest level of history

ISLAMABAD – Pakistan’s total debt as of November 2018 was reported at Rs26 trillion, SBP Report has revealed. READ MORE:Pakistan summons Indian deputy high commissioner to Foreign Office Domestic debt was reported at Rs17 trillion whilst external debt amounted at Rs9 trillion. Total debt was up 20% (9% since June) …

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