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IFC invests $15m in Engro Polymer
Funding will help create jobs, improve resource efficiency and drive economic growth
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Senate panel discusses alleged corruption by Hascol
Members stress exploring local oil and gas resources
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Sugar sector monopoly to cost $110m
Govt to import sugar to build reserves, offload during shortages to stabilise prices
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K-P endorses action plan
The meeting resolves to provide an uninterrupted supply of gas and electricity to the industries
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Local, Korean firms form partnership
Companies will also collaborate in research and development to promote electric charging infrastructure and facilities
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Bitcoin leaps 12% to test recent peaks
More companies prepare to adopt crypto payment models
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Market watch: Stocks dip as rollover week begins
Benchmark KSE-100 index sheds 120.39 points to settle at 47,672.68
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Bitcoin leaps 12% to test recent peaks, ether hits 3-week high
More companies prepare to adopt cryptocurrency payment models
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Oil falls as Covid-19, slower China imports hit demand
Both crude benchmarks slipped over $1 a barrel in earlier trading
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External sector fares well but challenges remain
In absence of adequate domestic supply, demand can only be satisfied through imports
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Microchip ambitions : Pakistan needs to catch up
Islamabad should roll out comprehensive semiconductor manufacturing policy
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Online grocery shopping gains traction
Companies aim to utilise technology to bridge gap between producers and consumers
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What makes crypto move?
Movement of cryptocurrencies is largely based on speculation, news and tweets
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Exports on high growth trajectory
Amazon platform, exporter facilitation will accelerate shipments from Pakistan
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USTR drops tariff threat
USTR drops tariff threat
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Global insurance recovery will be faster
Global insurance recovery will be faster
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World Bank lowers project rating
Downgrades $200m locust control project to moderately satisfactory
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Wall Street surges to all-time closing high
Upbeat earnings, signs of economic revival fuel investor risk appetite
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US Treasury Secretary Yellen warns Congress on debt limit
Says if Congress does not act by Aug 2 Treasury Department will need to take extraordinary measures
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EV startup Rivian announces $2.5b funding round
Automakers race to develop electric cars as EU, China mandate lower carbon emissions
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Credit to private sector spikes 12% to Rs6.82tr
Temporary Economic Refinance Facility plays key role in boosting banks’ credit
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Govt urged to improve taxation system
ICCI chief suggests automating system to reduce people-to-people contact
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Govt turns down tax relief plan
Aviation Division proposed exemption to new authorities for five years to manage airports
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KSE-100 index retreats in short week
Eid holidays, rising Covid-19 cases hamper activity at Pakistan Stock Exchange
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Global supply chains buckle
Virus, disasters and cyber-attack drive global supply chains towards breaking point
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SBP reserves rise $845m to $18.1b
Increase comes following receipt of $1b in proceeds of Eurobonds
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PIA launches largest flight operation for north
Move comes as tourist flow increases due to global travel curbs
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Govt rejects proposal to reappoint PBS official
Directs relevant division to readvertise post to find suitable candidate
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Pakistan’s REER improves to 99.85
Exports become viable, imports expensive due to rupee depreciation
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Market watch: PSX sheds 80 points on return from Eid break
Benchmark KSE-100 index drops 0.17% to settle at 47,793.07
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Oil slips but set to end week steady on tight supply
Both contracts fell about 7% on Monday but managed to recoup the losses
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Foreign exchange: SBP reserves rise $845m to $18.1b
Increase comes following receipt of $1b in proceeds of Eurobonds
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Chinese firm to launch 5G phones in Pakistan
Realme plans to establish assembly line and digital outlet
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Political stability imperative for sound economy
SAARC Chamber chief cautions Pakistan's economy cannot bear political turmoil
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Nations urged to shift from economic rescue to reforms
IMF official says restoring reforms can help make up for output lost during pandemic
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Asian stocks extend retreat as Delta fears deepen
Investors rattled by virus surge that forces govts to re-impose curbs
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Oil resumes drop as supply concerns weigh
Rising infections can weaken demand while OPEC+ is increasing supply
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Virus recovery to push emissions to all-time high
IEA says spending plans fall short of what is needed to reach global climate goals
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Cement firms may import coal from Afghanistan
Quality of coal from neighbouring country is inferior compared to other nations
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Trade activities soar to multi-year high
Surge comes on back of government’s policies to ramp up economy amid pandemic
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Furniture industry can dominate global markets
PFC CEO says sector has immense potential to contribute to exports
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ADB projects 7.2% growth for developing Asia
Renewed outbreak of Covid-19 slows recovery in some economies of the region
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Sri Lanka ratings under review
Foreign reserves of $3.6 billion at end of June were insufficient to cover Sri Lanka’s annual foreign debt servicing
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Banks expect loan demand to surge
Credit standards held steady in the second quarter after significant tightening last year
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Nasdaq partners with major banks
Platform will manage private company stock transactions such as tender offers, auctions and investor block trades
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Bitcoin slips below $30,000
Regulators continue calls for tighter checks on cryptocurrencies
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Pakistan’s renewable share to increase to 7%
AEDB CEO says current solar and wind projects are producing 2,000MW of clean electricity
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World stocks face losing streaks as investors avoid risk
Oil prices headed for worst day since March after OPEC+ agreed to boost output
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Japan to implement new programmes in Pakistan
Aims to assist in capacity building of growing industries at federal, provincial levels
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Current account ends FY21 in deficit
Country registers $1.85b deficit due to spike in oil prices, vaccine imports











































