Search For "billion"
Biggest tax scam surfaces in Pakistan's revenue board
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], February 6 (ANI): Biggest tax scam has surfaced in Pakistan's Federal Board of Revenue (FBR) under the Imran Khan government where tax authorities have illegally paid over Pakistani Rs16 billion in sales tax refunds to hundreds of big retailers in the past five months.
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IMF's USD 1 bn tranches to Pakistan forces Islamabad to slap Rs 160 bn tax
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], February 5 (ANI): The now-resumed International Monetary Fund (IMF) programme that revived Pakistan's stalled programme and cleared USD 1 billion tranches has forced the federal government to impose Pakistani Rs 160 billion tax on the country's salaried class by reducin
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India's Forex reserves dip by $4.53 billion to $629.75 billion
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 5 (ANI): India's foreign exchange (forex) reserves declined by $4.531 billion to $629.755 billion in the week ended January 28 due to a sharp drop in foreign currency assets and fall in the value of gold reserves, the Reserve Bank of India (RBI) data sh
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Chinese firms to set up USD 3.5bn reprocessing park in Pakistan's Gwadar
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], February 5 (ANI): Chinese companies are ready to establish a USD 3.5 billion reprocessing park in Pakistan's Gwadar within two to three years, reported Dawn.
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India invested more than USD 3 billion in Afghanistan: MoS Muraleedharan
Updated : 4 years, 1 month ago IST
New Delhi [India], February 5 (ANI): India has invested more than USD 3 billion in Afghanistan for the welfare of its people, said Minister of External Affairs V. Muraleedharan in Lok Sabha on Friday.
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India is to achieve record ever 400 billion dollars exports in the current
Updated : 4 years, 1 month ago IST
New Delhi [India], February 4 (ANI): Minister of Commerce and Industries Piyush Goyal on Friday announced in the Rajya Sabha that "India has already crossed 334 billion dollars of exports, which is higher than any full year ever in the past, and, it is on track to achieve 400 billion dollars
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Iraq top target of China's Belt and Road in 2021, says study
Updated : 4 years, 1 month ago IST
Beijing [China], February 4 (ANI): Iraq was the top target for China's Belt and Road (BRI) infrastructure initiative last year, receiving USD 10.5 billion in financing for several projects, a China-based study said.
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USD 1.2 billion Saudi oil facility yet to be operationalised in Pakistan
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], February 4 (ANI): Owing to legal and procedural delays, Pakistan authorities have not been able to operationalise a 1.2 billion USD Saudi oil facility (SOF), local news reported on Friday.
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Pakistan, China ink framework agreement on industrial cooperation under CP
Updated : 4 years, 1 month ago IST
Beijing [China], February 4 (ANI): Pakistan and China on Friday inked the Framework Agreement on Industrial Cooperation under Beijing's multi-billion CPEC project in Pakistan following Prime Minister Imran Khan's arrival here on the previous day.
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Meta single day loss of $240 billion is bigger than total value of India's
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 4 (ANI): The market value of Facebook parent company Meta Platforms Inc plunged by $240 billion in a single day on Thursday as the company's share crashed by 26 per cent.
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CPEC won't yield results without structural reforms: ADB
Updated : 4 years, 1 month ago IST
Mandaluyong [Philippines], February 3 (ANI): Stressing the need for structural reforms, the Asian Development Bank (ADB) has said Pakistan can improve its economic connectivity if the USD 60 billion China-Pakistan Economic Corridor (CPEC) is implemented successfully.
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Pakistan's trade deficit exceeds annual target in current fiscal year
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], February 3 (ANI): Pakistan's trade deficit widened to USD 28.8 billion in the first seven months of the current fiscal year more than the annual target set by the federal government further increasing the foreign borrowing requirement to bridge the yawning gap.
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