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Affluent Pakistanis who appear on Pandora Papers

Senior PTI leader Aleem Khan, Finance Minister Shaukat Tarin and PML-Q leader Moonis ElahiISLAMABAD: Key members of Imran Khan’s cabinet,...

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Govt plans incentives for new entrants in electric vehicle push

Govt plans incentives for new entrants in electric vehicle push
July 30, 2021
ISLAMABAD: Pakistan is set to offer fresh incentives to firms planning investments in electric vehicles (EVs) production in the country in its new auto policy due next year, a government said on Thursday.
The country’s efforts to promote EVs to reduce its oil dependence and cut pollution have been stymied so far by a lack of investment and weak demand.
A new policy, however, has been under discussion to provide a more focused approach and incentives for carmakers and suppliers over a five-year period to drive large investment in the sector. Shaukat Tarin, finance minister underscored the importance of EVs and affirmed to provide incentives for developing EV market in Pakistan including EV charging infrastructure.

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China, Pakistan for expediting works on SEZs

China, Pakistan for expediting works on SEZs
July 14, 2021
ISLAMABAD: China and Pakistan on Tuesday underscored the importance of expediting the establishment of special economic zones (SEZs) for creating investment and employment opportunities.
Ambassador of China Nong Rong called on Minister for Finance and Revenue Shaukat Tarin at the finance division. Special Assistant to Prime Minister on Finance and Revenue Waqar Masood and Secretary Finance division were also present during the meeting.
Tarin said bilateral relationships are an epitome of enduring friendship and brotherhood.
“CPEC [China-Pakistan Economic Corridor] has ushered in a new era of economic prosperity and is of utmost importance for Pakistan. CPEC will generate abundant employment and investment opportunities in Pakistan and beyond,” he said.

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'Economic recovery benefits transferring far and wide'

KARACHI: Benefits of economic recovery in Pakistan are being transferred across the board as sources of income are growing and that are reflective in many parts of the economy, a PM aide...

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Country moving towards economic stability: PM

Prime Minister Imran Khan directed the federal ministries and provincial governments to promote investment and complete the targets set in a timely manner.

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Economic Survey 2021: Shaukat Tarin says Pakistan moving towards growth

Shaukat Tarin says 20 million people lost jobs due COVID-19 in Pakistan

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Economic Survey 2021: Economy grew 4.4%, buoyed by agriculture, manufacturing, Tarin says

Shaukat Tarin says the government will target sustainable growth; the poor will be its 'number one' priority

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Pakistan's economy rebounds, posts growth of around 4%: Tarin

Pakistan’s economy rebounded strongly during the current fiscal year and posted a growth of around four per cent, which is substantially higher than the previous two years.

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SBP mulls financing for SMEs without collateral

SBP mulls financing for SMEs without collateral
Business
May 7, 2021
ISLAMABAD: The government on Thursday agreed to provide seed money to a new financing scheme for small and medium enterprise (SME) sector proposed by the central bank.
Federal Minister for Finance and Revenue Shaukat Tarin said the provision of microcredit will create employment opportunities at the local level.
“[It] will enhance GDP growth and will help in achieving sustainable and robust economic growth,” Tarin said during a meeting with the Minister for Industries and Production Khusroo Bakhtiyar. Special Assistant to Prime Minister on Finance and Revenue Waqar Masood was also present during the meeting. Governor State Bank of Pakistan Reza Baqir joined the meeting through video link.

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Pakistan plans to import more wheat to stabilise flour prices

ISLAMABAD: The government has planned to import wheat to ensure its steady supply during the current year, a food ministry official said on Monday, as the agriculture-based economy is still...

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