AGP Executive Report
Last update: 38 minutes agoPakistan Trade: The Maldives and Pakistan signed 20 agreements covering trade, health, education, agriculture, technology and tourism, and set a goal of raising annual trade from $13.9 million to $200 million within two years. They also agreed to launch direct flights, while a business forum aims to connect companies and investors. Tourism: A bill would remove the 17% GST on tourism services sold by overseas operators without a local base and refund tax already collected. Velana International Airport will shift check-in for 10 airlines to Terminal 2 from October 25, adding capacity for the winter season. Public Finances: Government salary spending rose 14% to MVR 5.6 billion, while total expenditure exceeded revenue by MVR 4.5 billion in figures reported through August 15. Rasmale’ Investment: President Muizzu says the project could create 14,000 permanent jobs and 54,000 jobs during development; the proposed development’s terms remain under parliamentary debate.
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