A currency dealer counts US dollars at a store in Karachi. — AFP/File Deposits placed with the SBP matured in January 2025. Prime Minister Shehbaz confirmed the postponement during Tuesday’s meeting. Foreign exchange reserves amount to $16,450.9 million. The United Arab Emirates (UAE) has confirmed the refinancing of its two deposits of $1 billion each, … Read more
Prime Minister Shehbaz Sharif speaks during a cabinet meeting in Islamabad, January 7, 2025. — Screenshot/GeoNews Prime Minister Shehbaz said he had a productive meeting with the UAE President. He affirms that the leader of this Gulf country assured him of his support for progress. The Prime Minister says progress will not be possible until … Read more
The Senate Standing Committee on Overseas Pakistanis and Human Resource Development was informed on Monday that the United Arab Emirates (UAE) has not imposed a “total denial” of issuance of visas to Pakistani nationals, despite concerns persistent concerns regarding visa restrictions. The remarks were made during a committee session chaired by Senator Zeeshan Khanzada, during … Read more
A general view of the Burj Khalifa and the skyline of downtown Dubai, United Arab Emirates, June 12, 2021. — Reuters DMTT is part of the OECD Global Minimum Corporate Tax Agreement. The United Arab Emirates is considering introducing corporate tax incentives. The incentive would provide a refundable tax credit of up to 50%. DUBAI: … Read more