Stories from Salman Siddiqui
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RDA inflows cross $2 billion
Receipts have helped strengthen external economy, support reserves
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NCCPL notifies reduction in capital gains tax
Rate of 12.5% will now be charged on sale of shares on profit
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LSM growth hits 16-year high in FY21
Spike comes as government’s pro-growth policies drive expansion in 10 out of 15 sectors
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Power generation hits all-time high
Single day record seen due to utilisation of surplus generation capacity
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Remittances jump to $2.71b in July
Modest receipts will tackle rising imports, help govt achieve economic growth target
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SBP hits eight banks with penalties
Charges them for violating regulations including AML, CFT and foreign exchange rules
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Pakistan receives first two sugar shipments
Third and final vessel is expected to reach port on August 14
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Pakistan receives $1.87b through RDA
Inflows expected to reach $3.5-4b over next four to five months
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K-E seeks policy for high loss areas
Wants to push up electricity tariff for areas having high line losses and theft
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IMF approves $2.8b in fresh funds for Pakistan
Inflows will help country to combat challenges arising from Covid-19