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PSX index hits new high, 100-index touches 51,488 points

ARACHI (Sarzameen News)- Pakistan Stock Market 100-index touched record high levels on Tuesday as fresh buying spurred in the choice scrips belonging to oil, gas, automobile banks and cement stocks. The Pakistan Stock Market 100-index made an intra-day trading high of 51488 points, and currently trading around 51286 points, with gain in excess of 350

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Budget to be public friendly, no new tax expected: sources

ISLAMABAD  (sarzameen News)- The coming budget for financial year 2017-18 is expected to be public friendly as no new tax is expected while the minimum taxable income is expected to be increased from Rs 400,000 per annum. According to well-placed sources, the corporate tax may be lowered by 1 percent. The tax target is going

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IT Ministry working to make a Digital Pakistan: Anusha

RAWALPINDI,  (sarzameen news): The Ministry of Information Technology was working towards making a digital Pakistan as digital economy through IT, freelancing work, E commerce and mobile apps was the future of Pakistan. This was stated by Minister of State for Information Technology Anusha Rahman in a function organized by Rawalpindi Chamber of Commerce and Industry

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Youth commits suicide over ‘failed’ love affair

LAHORE (Sarzameen News) – A 25-year-old man named Mustafa committed suicide by jumping off from the third floor of the Libery Parking Plaza in Lahore on Wednesday. According to police sources, Mustafa parked his car at the third floor of the Libery Parking Plaza during which he exchanged harsh words with his girlfriend who was

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40pc Pakistanis paid bribe when accessing basic services: survey

ISLAMABAD (Sarzameen News) – Transparency International, Berlin’s Global Corruption Barometer survey for Asia Pacific countries for 2016 has shown that around seven in ten people who came into contact with either the police or the courts had to pay a bribe (75 per cent and 68 per cent respectively). A regional report from the Global

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FBR harassing business community: PEW

ISLAMABAD (Sarzameen News) – The Pakistan Economy Watch (PEW) on Sunday said that FBR is harassing honest taxpayers to meet the revenue target which should be noticed. The tax authorities should be chasing those who enjoy princely lives and avoid paying any tax, it said. Government is planning to introduce mini budget to fill the revenue

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India to have largest Muslim population by 2050: Pew report

NEW DELHI (Sarzameen News) – India has been projected to have the largest Muslim population by 2050, according to a report by the Pew research centre, the Indian media reported on Friday. The report says there will be 311 million Muslims in India by 2050, a population which will constitute 11 per cent of the

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Indian troops martyr 15 Kashmiris in February

SRINAGAR (Sarzameen News) – Indian troops, in their continued acts of state terrorism in occupied Kashmir, martyred fifteen Kashmiris including a woman during the last month of February. According to the data issued by the Research Section of Kashmir Media Service on Wednesday, of those martyred three youth were killed in a fake encounter. The

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ECO can bring economic revolution: Expert

ISLAMABAD (Sarzameen News) – International Relations Expert Dr Zahid Anwar Khan on Wednesday said that Economic Cooperation Organization (ECO) can bring economic revolution in the region. Talking to Radio Pakistan, he said the revival of ECO summit after many years is a significant development and will help in improving our relations with Central Asian republics

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Pakistanis import 35000 cars in seven months

KARACHI (Sarzameen News) – Pakistanis have imported at least 35000 cars in first seven months of ongoing fiscal year. Surprisingly, upsurge in imports of vehicles has been witnessed in presence of unfavorable and unsuitable auto policy. Motor dealer association chairman Shahzad stated that instead of manufacturers, vehicle assemblers are entering Pakistan’s thriving market and these

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