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Pakistan, Azerbaijan to deepen economic ties

Deputy Foreign Minister of Azerbaijan, Samir Sharifov, met with Federal Minister for Commerce Jam Kamal Khan at his office, as stated in a press release on Tuesday. The meeting focused on strengthening economic and diplomatic relations between the two countries. Minister Jam Kamal Khan highlighted the Pakistani government’s dedication to forging robust economic relationships with other nations.

The budget and after

THE banker-turned-finance minister appeared nonplussed as he responded to the questions on Budget 2024-2025 that has burdened the already weighed-down salaried classes while protecting the privileged. He could only offer words of ‘sympathy and empathy’ to the affected people. His defence of exemptions extended to the top civil and military bureaucracy and retail businesses was equally superficial.

Citi Pharma partners with Indian firm

Citi Pharma, a Pakistani pharmaceutical company, has partnered with an Indian company, Murli Krishna Pharma Pvt Ltd (MKPL). Citi Pharma on Tuesday informed the shareholders in a stock filing that it has entered into an agreement with MKPL, a company incorporated and existing under the relevant laws of India. Under the agreement, MKPL will supply Citi Pharma Ltd. with Active Pharmaceutical In

Realtors plan to challenge ‘harsh’ taxes in court

Association of Builders and Developers of Pakistan (ABAD) chairman Asif Sumsum has announced to move the court against “heavy and unreasonable” taxes imposed on the construction industry and real estate in the federal budget 2024-25, terming it “very destructive” for the sector. In a statement, he said that after this budget, it has not only become difficult but impossible for the common man to

Local cement sales fall on slump in construction

Domestic cement sales fell 4.6 per cent to 38.18 million tonnes in outgoing FY24, from 40.01m tonnes in FY23, due to a slowdown in construction activities. However, export despatches increased massively by 56pc to 7.11m tonnes in FY24 from 4.56m tonnes in FY23. As a result, overall cement despatches witnessed a meagre rise of 1.60pc to 45.291m tonnes compared to 44.58m in the preceding fisca