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Oil rises towards $66 ahead of OPEC+ meeting
Concern remains over India’s coronavirus crisis that can dent recovery in fuel demand
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Tarin for improving ties with UK
He apprised the high commissioner of the Ehsaas Emergency Cash programme
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Rupee weakens against dollar
The rupee weakened against the US dollar at Rs154.13 in the inter-bank market
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Chinese nationals assured of full security
Ayub, ambassador discuss economic ties, CPEC projects
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Planning Division seeks end to gas subsidy
Says export-oriented sector is already getting energy supply at discounted rates
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Thal setting up Rs1.7b polypropylene bag plant
Investment expected to contribute to national exchequer, job creation
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Apple boosts investment pledge to $430 billion
Plans to add some 20,000 jobs over next five years
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Auto player opposes further government incentives
Says govt should aim for stability in auto sector, rather than offering more concessions
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CDWP approves two projects
Gives go-ahead to Hyderabad-Sukkur motorway to complete missing link
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BOI takes steps to facilitate investment
Asks ICCI to share sector-wise list of issues so efforts can be made to resolve them
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Pakistan, China urged to improve fruit quality
PCJCCI official stresses need for forming research team to put ideas into practice
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Choices for new finance minister
Tarin will do well by cutting down wasteful expenditures, reducing tax rates
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Oil falls on India’s Covid surge, supply increase
Market focused more on India and Japan, where coronavirus cases have risen sharply
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Market watch: Stocks rally on positive economic indicators
Benchmark KSE-100 index jumps 976.01 points to close at 45,682.77
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Buffalo milk export to boost Pakistan’s forex reserves
With better investment climate, Chinese group hopes to set up dairy processing plant in Pakistan
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Challenges and new economic team
New team lacks experts in agriculture, CPEC and knowledge economy
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Defining moment for refining sector
New refinery policy provides opportunity to change course through modernisation
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Synergy with Russia in energy and mineral resources
Strategic partnership between Pakistani, Russian firms will open much-needed revenue stream
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Buffalo milk export to boost Pakistan’s forex reserves
With better investment climate, Chinese group hopes to set up dairy processing plant in Pakistan
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Lebanon launches first electric car despite crisis
Production of up to 10,000 vehicles is hoped to start later this year in Beirut
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Big Wall Street names anticipate pause in rally
Warn of tougher market ahead as investors try to determine future strategy
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Turkey probes second crypto exchange
Erdogan’s govt tightens regulations after deciding to ban digital currency
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TDAP urges businessmen to explore new markets
CEO laments visits of trade delegations to foreign countries suspended for past one year
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IT exports soar 58% during March 2021
Covid-induced surge in freelancing activities steers rise
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The show must go on
Despite myriad challenges and unexpected curves thrown by the Covid-19, Dubai has decided to go ahead with Expo 2020
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Pakistan’s footwear sector demands incentives
Urges govt to formulate policy to increase industry’s share in global markets
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SC admits petition on debt burden
Seeks enforcement of law binding govt to limit public debt to below 60% of GDP
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New Covid wave drags PSX down
Index falls 600 points as investors fear another round of nationwide lockdown
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Pakistan’s can-maker applies for PSX listing
UK-based firm to sell stake in beverage can company through IPO
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Organic herb segment demands govt focus
Calls for promoting cultivation, research and development in sector
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Power project in Punjab achieves financial close
Plant has generation capacity of 1,263MW, costs $708 million
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Govt awards six exploration blocks
The move will attract minimum $24.68m of firm work commitment
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Internet inclusivity a challenge
Pakistan ranks 90th out of 120 countries in Inclusive Internet Index
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World Bank approves $400m for K-P
Loan will address staff and budget issues in education and health sectors
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Pakistan posts current account deficit of $47m in March
Country records surplus of nearly $1b in nine-month period of current fiscal year
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Oil steady as rising Indian Covid cases counter European recovery
Both crude benchmarks are headed for weekly loss of more than 2%
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Pakistan needs 7-9% growth
RAPID report seeks high economic rate for 30 years to reduce debt, create jobs
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Minister reviews progress on sell-off
Minister urged the officials to make all-out efforts to resolve related issues so that the targets could be achieved
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SBP reserves fall $63m to $16.04b
The foreign exchange reserves held by the central bank fell 0.38% on a weekly basis
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Rupee weakens against dollar
The rupee weakened against the US dollar at Rs153.46 in the inter-bank market
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Seed body laments hindrances in procurement
Fears it could trigger shortage of certified wheat seeds for future sowing seasons
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Minister for enhancing investment in K-P
Omar Ayub urges officials to identify financing needs to streamline projects
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Engro Corp’s profit soars nearly 1.5 times
Spike in income from other businesses drives earnings
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Azhar urged to raise gas prices
Petroleum Division says new formula of weighted average gas can rescue oil, gas firms
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Pak Suzuki turns from loss to profit
Earnings comes on back of surge in sales
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CCOE approves National Electricity Plan
Also recommends Indicative Generation Capacity Expansion Plan for presentation to cabinet
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Power generation rises 30% in March
Increase seen due to shift of industries from own power generators to national grid
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Market watch: KSE-100 extends decline over rising infections
Benchmark index sheds 376.93 points to close at 44,929.61
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Oil extends losses on US stock build, pandemic concerns
India reported world’s highest daily increase in new coronavirus cases, which raised oil demand concerns
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Foreign exchange: SBP reserves fall $63m to $16.04b
Decrease comes due to external debt repayment














































