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ECC allows sugar exports
Export of up to 100,000 tonnes of sugar allowed
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Millat Tractors Ltd closed every Friday
Company recorded sales of 1,103 units, down 27% MoM in November 2022
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SEZs to create 575,000 jobs: SEZA chairman
Says government will conduct short-term courses to train labour for employment
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Simplified tax system to enhance compliance
Corporate Tax Office sets up facilitation desk to address businessmen complaints
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Pakistan, ADB sign $775m financing agreements
Loans will support rehabilitation efforts in flood-hit provinces
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LSM output drops by 7.75%
Lack of capacity to import raw material, weaker demand keep production low
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Engro Corporation to buy back 70m shares
Share price increased 2.86% (or Rs7.70) to close at Rs276.72 with a volume of 3.45 million shares
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Settlement with E&P firms to help ramp up oil, gas output
Govt reaches out-of-court settlement for renewal of hydrocarbon exploration companies’ licences
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Forex reserves fall by $14.9m at $6.7b
State Bank did not give any reason for decrease in reserves
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Pakistan signs $475m flood loan deal with ADB
Ayaz Sadiq says concessionary ADB loan was signed at the rate of 1% for a period of 40 years
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First 5G ‘Innovation Lab’ established at NUST
Will help researchers work on AI, augmented and virtual reality
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Govt slashes petrol price by Rs10 per litre
Reduces HSD rate by Rs7.50 per litre
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‘Oil demand growth set to slow but stays robust’
China, India and ME pick up slack left by flagging oil uptake in Europe, East Asia: IEA
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K-Electric tariff reduced by Rs2.45 per unit
It comes on account of monthly fuel cost adjustment
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Call to remove export barriers
Farm produce exports to China reach $730m, but potential is huge
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Remittances hit 27-month low at $2.1b
Many expatriate Pakistanis opt for informal channels that offer attractive rates
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Petroleum product prices may see reduction
Price of petrol and HSD likely to decrease by Rs7.50 and Rs12.37 per litre respectively
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Economic situation improving: Rehman
Says retail sector employs around 14% of the total workforce
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LNG supply disruption feared
PSO facing shortfall of billions of rupees in winter gas purchases
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Stocks close flat in topsy-turvy session
Benchmark KSE-100 index edges up by 23.32 points to settle at 41,737.62
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Motorcycle production declines by 34%
521,643 bikes produced this year against 797,346 in the same period last year
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CPEC fruit: 1,320MW project initiated
It will use Thar coal for power production
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Startup funding down to $350m
Funding dips on uncertain macroeconomic conditions, political turmoil
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With Covid and floods, life and health insurance coverage spreads
Insurance industry premiums grow 17% in past one year
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Economic situation is deeply concerning: FPCCI
Sheikh stressed that he had never seen such an uncertain situation in 45 years of business life
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EU strikes deal on first carbon border tariff
CO2 emissions tariff to be imposed on imports of polluting goods
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Attock Refinery shuts down for 8 days
Low demand for furnace oil, lack of technology lead to temporary closure
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ADB approves $100m for vocational training
Project to finance establishment of 19 TVET centres of excellence in eight priority sectors
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New youth loan scheme announced
Revised scheme introduces new components; micro and agriculture loans
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‘Pakistan committed to OIC’s STI agenda 2026’
Govt investing in developing a digital society, says ITT minister
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WAPDA, Kohistan Jirga ink deal on uplift schemes
Locals will ensure smooth execution of projects
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CM Sindh breaks ground for 73rd grid in KE’s network
Interconnections will channel up to 2050 MW electricity
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Pakistan to host CARs trade summit: PM
Promote connectivity via road, rail links to boost trade
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MCB Bank shareholder sells stake for Rs7.5b
Transaction took place at one-year low share price of Rs115
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Ray of hope for beleaguered auto sector
Car sales rise 35% month-on-month, hit 20,000 units in Nov
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Most of Pakistan’s oil, gas reserves consumed
Country’s energy outlook bleak as 80% of oil, 67% of gas deposits consumed
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There is no place like a climate-resilient home
Substantial funding is necessary to accelerate development of resilient housing
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COP27 is over, Lahore still heading into airpocalypse
Transport sector contributes at least twice the emissions produced by industrial or agricultural activities
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New debate on cheaper bike petrol
Motorcycles don’t need high octane fuel which is more than enough for them
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No room to err in 2023
Tug of war and rejection of political opponents’ policies render investors clueless
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Adding another $30b to GDP
Without empowering women, economic development will remain a dream
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UAE to collect 9% corporate tax from companies
Tax not applicable on individuals’ salaries or their income from employment, says report
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Foreign IT investors look for policy consistency
Tech expert calls on Pakistan to pass laws on long-term policies
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SBP faces conflict of interest issue
Board director resigns as he has stake in firm that is seeking digital banking licence
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China for strengthening green finance rules
Says delayed exit from high-carbon sectors will result in heightened financial risks
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Banned soybean imported without licences
APSEA claims it had applied for an import licence in March 2018
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Two mega grid stations worth Rs24b inaugurated
Minister says 2,000MW cheap power from Thar coal will be added to grid by June 2023
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Traders decry political polarisation
Underline need for charter of economy to cure ills
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‘Housing sector laws must be amended’
Tarar says multiple laws governing the sector are creating confusion
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Heat-resistant hybrid rice variety developed
New variety, a joint work of Chinese and Pakistani researchers, gives 12.5% higher yield














































