The new framework agreement will provide financing for the import of essential commodities such as crude oil, refined petroleum products, LNG and urea.
Economy
Banks’ lending to people at the lowest markup revives cars’ manufacturing sector, drives up vehicles’ demand in the country. Indus Motors alone records 48% growth in cars’ sales during Jan-March 2021.
FATF to announce verdict during a press conference today at 5:30pm.
FM Qureshi had said there remains no justification to keep Pakistan on the grey list.
FATF held a virtual session from June 21-25 to discuss the matter.
There will be no tax on internet or SMS services whereas 75 paisa tax will be deducted on phone calls extending five minutes,Finance Minister.
The facility is expected to provide relief in oil and gas import bill and ease pressure on foreign exchange reserves.
Tarin says action will be taken against those who ignore FBR’s notices.
Finance minister says budget 2021-22 to be implemented from July 1.
FBR will not be allowed to harass or intimidate taxpayers, he says.
This is the first of its kind facility extended to the Telecom sector in terms of the amount and tenor.
Since May 2021, Bitcoin and Ethereum have lost more than one trillion dollars market capitalization. Many investors are waiting for Bitcoin to crash below $30K price to start fresh buying.