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Government team and IMF start discussing agricultural income tax

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Negotiations on farm income tax have begun between a government economic team and the International Monetary Fund (IMF) as part of an ongoing economic evaluation of a $7 billion loan package.

Members of the Federal Board of Revenue (FBR), the Ministry of Finance, and provincial authorities are attending the World Bank headquarters where the talks are being held.

Changes to the Sovereign Wealth Funds Act and its implementing rules will also be discussed.

The IMF delegation will discuss circular debt and rate rebasing with representatives from the Ministry of Energy and the National Electric Power Regulatory Authority (Nepra).

The talks, which started this week, are crucial, according to sources. The IMF group is anticipated to make additional ideas and criteria this week. The next loan tranche will be made available if these terms and suggestions are approved.

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E&P Companies Will Invest $5 Billion in Pakistan’s Petroleum Industry

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Over the next three years, local and foreign companies involved in Pakistan’s oil and gas exploration and production sector have shown a strong desire to invest more than $5 billion in the nation’s energy sector.

Recent changes to the Petroleum Policy and the implementation of an exclusive tight gas policy, which provide better incentives and a more investor-friendly regulatory framework, are credited with the increase in investor confidence.

These strategic changes are expected to boost domestic energy production, open up new avenues for growth, and draw large amounts of both domestic and foreign investment.

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PTI Encouraged Chaos and Sabotage: Rana Tanveer

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According to Rana Tanveer Hussain, the federal minister for food security, PTI encouraged violence, disorder, vandalism, and derogatory language in the nation’s politics.

The Minister told the reporters at Muridke that the founder PTI’s anti-nationalism and sabotage tactics are clear.

After Eid, he claimed, there won’t be any opposition movement since their leaders are still considering

According to the Minister, PTI is a tale of the past with a bleak future.

Additionally, he stated that the PTI has a history of flinging insults on one side and pleading on the other.

Rana Tanveer Hussain stated that the courts, not Trump, ought to determine what the PTI founder done to the nation.

Farmers would profit from the deregulation of commodity prices, especially those of wheat, according to the minister.

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DPM Restates Abundant Support for the Palestinian Cause

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Senator Muhammad Ishaq Dar, the country’s foreign minister and deputy prime minister, has reiterated Pakistan’s steadfast support for the Palestinian cause.

He made the statement while meeting with his Palestinian counterpart, Dr. Mohammed Mustafa, on the fringes of the Organization of Islamic Cooperation’s Extraordinary Council of Foreign Ministers meeting in Jeddah, Saudi Arabia.

Ishaq Dar reaffirmed Pakistan’s support for the creation of a viable, contiguous Palestinian state with Jerusalem as its capital, based on pre-1967 lines.

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