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Punjab to get four key tourist spots LAHORE:
The Punjab government is to develop four new tourist resorts in Mianwali, Kotli Sattian, Kohe-Suleman and Attock Khurd following feasibility studies of available infrastructure and services, The Express Tribune learnt on Saturday.
The Youth Affairs, Sports, Archeology and Tourism (YASAT) departments have already gotten approvals from the Punjab Planning and Development (P&D) departmen... |
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Govt issues dollar bonds for expats The government on Thursday launched five-year dollar-denominated diaspora bonds at an interest rate of 6.75%, which is higher than the price at which Pakistan had issued the last two bonds of same tenor.
Officially called as Pakistan Banao Certificates, the government invited the overseas Pakistanis to invest in three-year paper at 6.25% interest rate and in five-year bonds at 6.75% interest ra... |
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Polio workers performing in extreme weather are heroes: PM Prime Minister Imran Khan once again hailed polio worker Irfan, whose video trudging through deep snow to immunise children in the country’s northern areas recently went viral, and thousands of other polio workers as heroes who reach out to children with polio vaccines in extreme weather conditions.
The premier took to Twitter on Thursday and said, “Irfan is one of 260,000 heroes who reach out ... |
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Pakistan, Russia agree to coordinate efforts for Afghan peace Pakistan and Russia on Tuesday agreed to continue coordinating their positions on efforts for peace in Afghanistan.
The understanding was reached during Russian Special Representative on Afghanistan Ambassador Zamir Kabulov’s meetings with Foreign Minister Shah Mehmood Qureshi and Foreign Secretary Tehmina Janjua.
Mr Kabulov was in Islamabad for consultations on regional political situation ... |
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Govt imposes ban on import of furnace oil After protests by local refineries, the government has notified a complete ban on import of furnace oil, ending an earlier exemption allowed to K-Electric.
The decision was reportedly taken at a recent meeting of the Cabinet Committee on Energy (CCoE), presided over by Prime Minister Imran Khan.
Informed sources said the government had ordered a ban on import of furnace oil last month, but ... |
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As Gulf states give $4b, pressure eases on external account With the inflow of $2 billion in the past two days, Pakistan has received a total of $4 billion in its foreign currency reserves from friendly Gulf countries – Saudi Arabia and the United Arab Emirates (UAE) – in the past three months.
The deposits, which came under financial packages totalling $6 billion from the two Gulf states aimed at stabilising Pakistan’s dwindling foreign currency reserv... |
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Pakistan announces e-visa facility for 175 nations, visa-on-arrival for 50 countries The government announced on Friday that it is easing travel restrictions in the hope of reviving tourism by offering visas
on arrival to visitors from 50 countries and electronic visas to
175 nationalities.
The reforms, approved by the cabinet, would open up a new
era for the tourism industry, which was devastated by terrorist
violence after the Sept 11, 2001, attacks in the United States,
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Revenues may drop Rs6.8b as government amends finance bill The Pakistan Tehreek-e-Insaf (PTI) government has reduced and abolished several taxes to boost economic activities following demands of various sectors, including removal of tax on cash withdrawal from banks in the mini-budget announced on Wednesday.
On the other hand, the government announced increase in the federal excise duty (FED) on imported luxury cars of up to 3000cc from 20% to 25% and ... |
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Mini-budget: PM summons cabinet meeting today Prime Minister Imran Khan has summoned a special session of the federal cabinet to discuss the upcoming mini-budget on Wednesday (today).
The session is expected to see approval of the supplementary finance bill and Finance Minister Asad Umar will present a draft of the mini-budget to the prime minister during the meeting.
According to sources, the prime minister has also summoned a parliame... |
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Pakistan seeks LNG on credit, reduced price from Qatar Prime Minister Imran Khan is likely to request the Qatar authorities to provide Liquefied Natural Gas (LNG) worth $4 billion on deferred payment and reduced price to support balance of payment during his two-day official visit to the Arab country.
Pakistan’s annual import bills of LNG is around $4 billion and the premier would ask Doha authorities to extend deferred payment for one year, a gove... |
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