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FATF cell move puts pressure on rupee
Ministry unaware of mandatory currency declaration by international passengers
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House reconstruction to cost Rs1tr
Around 2m houses to be reconstructed in aftermath of floods
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OMCs call for mechanism to disburse freight
In new oil refinery policy, government to withdraw margins set for OMCs
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Alarming Rs2.7tr hike in July debt
SBP data shows total public debt of Rs50.5 trillion now equals 3/4th of nation’s economy
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Oil prices sink on demand fears
Reverse rally on first output cut by OPEC+ since 2020
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China to pay for Russian gas in yuan, rubles
Miller added that it will “simplify calculations” and “become an excellent example for other companies”
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Iran ready to complete gas pipeline project: ambassador
Pakistan-Iran-Turkey train link has also been restored
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Exports to China just a drop in ocean
Envoy says FTA has cleared path for deepening bilateral cooperation
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PSMC extends plant closure
Due to shortage of CKD parts caused by delayed import clearance
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PSX launches index for top dividend paying firms
New index more stable, less volatile than others at bourse
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RDA inflows reach close to $5b
Investments in Roshan Digital Accounts will accelerate once challenges are tackled
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Nepra hikes power tariff by Rs3.39 per unit
Fresh increase in electricity rates to put additional burden of Rs94 billion on consumers
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Ogra takes notice of LPG mafia
Ogra has written letters to all chief secretaries and the chief commissioner of Islamabad to ensure compliance
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AIIB keen to finance WAPDA projects
AIIB will look into possibilities of financial assistance for Wapda projects
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Chinese company to provide solar panels
Firm adapting products to counter aggravating climate change
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OPEC+ agrees to small oil production cut
Oil prices dip over potential supply boost from Iranian crude
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Advisers to set LNG plants’ price
Govt to re-engage Credit Suisse for sale of two LNG-fired power plants
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NTDC restores transmission line
Electricity restored to major parts of Balochistan, says NTDC spokesman
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Printing sector capable of earning $8-16b per year
Stakeholders seek govt’s support to tap into foreign markets
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Rupee dives Rs7 vs dollar in open market
Currency dealer blames dollar smuggling for rupee’s slump
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Debt restructuring with IFIs urged
Govt should renegotiate with IMF, World Bank, friendly countries, says FPCCI chief
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Miftah asked to open India trade
Textile exporters are keen to import cotton from India to save time, cost
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Plan to set up gas utility courts
Govt going to amend law to deal with gas theft, bill recovery cases
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Floods and economic shock
It’s time for country to revisit priorities, reallocate resources
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Comparative electrical scene in South Asia
Pakistan’s maximum power tariff 40% higher than Indian average
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Mentoring youth: banking and economy
Youth is indicator of how developed a country is, how fast or slow economy grows
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Living with recurring floods
Tough decisions needed like allowing imports of agri-commodities from India
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Former Tata Sons chair Cyrus Mistry dies in road accident
Mistry’s car rammed into a divider while travelling to Mumbai from Gujarat with three others
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Siemens ready to fix pipeline fault: Gazprom
Siemens, however, says it has not been asked to do job
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Stocks lose ground in volatile week
Benchmark KSE-100 index drops 282 points to settle at 42,309
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Volkswagen board to discuss Porsche listing
Launch of listing still subject to market developments
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China firm rolls out rail coaches
The Chinese company to supply state-of-the-art, luxurious, comfortable and fit-to-run at 160 km per hour coaches
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Efforts on to double trade with Beijing
Envoy asks Chinese investors to benefit from opportunities in Pakistan
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Floods leave farmers desolate
Not only farmers but every link in the supply chain is strained
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Water worth $15 billion wasted every year
Minister says infrastructure being built to increase water storage capacity
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Automaker extends plant closure
Pak Suzuki Motor Company said it would suspend production for another two days
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PLL extends deadline for LNG supply bids
Move comes in wake of high gas prices, poor response from suppliers
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Farmers supply 1.5m cotton bales
Textile mills bought 1.32 million bales
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Pakistan to reopen power deals
IMF warns second-phase of CPEC can ‘pose risk to debt sustainability’
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Attracting right talent crucial for startup success
Young workers want flexibility, mental wellness and more perks
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G7 agrees on Russian oil price cap
per-barrel level of the price cap would be determined later
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Cement sector weakens as sales dive 24%
Industry sold 3.29m tons in August against 4.33m tons last year
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Auto industry’s future bright as more players enter
Economic conditions will cause slowdown in production, sales this year
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Businesses mull going on strike
Demand withdrawal of high levy in electricity bills
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Sale of oil products down 31%
Dealers lift petroleum stocks from OMCs following price hike speculations
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Govt urged to waive tax on relief goods
17% sales tax levied on used clothes and relief goods including tents and blankets
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Govt plans uplift funds diversion
Will utilise those funds to tackle flood devastation, help rehabilitate people
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PRA collects 33% higher revenue
The overall revenue collection during the current fiscal year till August stood at Rs27.8 billion
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Traders outline tax concerns
Traders put forth various suggestions on the matter
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Rupee swings down with 0.17% loss
It comes after IMF put average currency value at Rs226 for FY23














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