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Minister calls for ending menace of ‘own-money’ on cars
Late delivery of cars is common practice by local assemblers of Pakistan
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Rupee strengthens against dollar
State Bank helped the rupee to appreciate
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Traders foresee smooth return of stability in country
Say ongoing challenges are not new, similar situations had been witnessed before
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US notifies power scheme in Pakistan
Project aims to bring efficiency in power sector, promote green energy
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‘Rupee fall detrimental during IMF negotiations’
Businessmen say free floating currency denting economy
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Local company signs LNG agreement with Chinese firm
CNCEC will design, construct and finance offshore LNG terminal in Pakistan
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Market watch: Stocks drop again in absence of positivity
Benchmark KSE-100 index falls 99.6 points to settle at 45,553.02
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Foreign loans swell to $15b in Jul-Mar
Imran Khan led former PTI government took loans worth over $57b during its rule
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ECB for ending bond purchases
Growing number of ECB policymakers called for an early end to asset purchase programme
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Fish meal export to China tops 13,866 tons
Despite Covid-19 pandemic, trade with Beijing increased significantly
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Global tourism to recover from pandemic by 2023
Sector expected to outpace global GDP growth in few years
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Oil rises on worry about supply disruption from Russia, Libya
Analysts expect market volatility to pick up soon
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Rupee at two-week low against dollar
Local currency is just 0.64% (Rs1.21) away from the all-time low of Rs188.18
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Traders demand focus on GSP Plus
Also request implementation of Textile and Apparel Policy
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Alvi for enhancing outreach of FTO
Appreciates department for providing speedy relief to traders, businessmen
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SBP reserves rise $36m to $10.89b
Central bank cites no reason for increase
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Pakistan to buy expensive LNG again
Nation accepts lowest bid for LNG cargoes for May
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Energy audits challenge for govt
Industries had obtained stay orders from court to block audits of captive power plants
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Govt to end immunity for taxmen
Previous govt allowed them to share personal information of public officials with NAB
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Oil rebounds as supply concerns dominate
Analysts say spectre of stagflation hanging over global economy
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11 enterprises setting up units in Rashakai SEZ
They are expected to invest Rs11.8b, create 2,500 job opportunities
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Traders pin hopes on new govt
Expect it to complete mega projects on time
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Govt to wind up CPEC authority
Planning minister passes instructions to begin process of its abolishment
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Exxon sees $4tr carbon market
It involves the capture of CO2 from fuel combustion or industrial processes
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Bank deposits grow 14% in March
Increase in cut-off yields of T-bills suggest another hike in benchmark interest rate
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Govt aims to bring economic stability
The present government would continue its efforts to strengthen national institutions
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PTA opposes banning cryptocurrencies
SBP, SECP and IT ministry propose restrictions on crypto transactions
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Rupee continues to lose steam
Currency has dropped Rs4.37 against dollar in last three sessions
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Engro Fertilisers’ profit contracts 4% to Rs5.5b
Drop comes due to lower margins, significant rise in finance cost
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PM for deepening ties with UAE
Emphasises on enhancing trade, investment, energy relations
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Beijing vows support for SEZs
Pakistan keen to enhance bilateral cooperation with China
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IMF cuts global growth forecast
Decision driven by “seismic waves” from Russia’s war in Ukraine
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Oil slumps 5% after IMF slashes outlook
Prices fall despite lower output from OPEC+
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Rupee continues to sink
Falls nearly Rs2 owing to IMF programme uncertainty
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ECC approves Rs68.7 billion grant
Funding aimed at paying cost of providing petroleum products at subsidised rates
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Another power tariff hike on the cards
CPPA-G seeks Rs3.16 per unit hike on account of fuel cost adjustment
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FDI flow turns negative in March
Investment drops $30m as political instability plays on minds of investors
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PSO’s receivables cross Rs500 billion
In first nine months of FY22, company’s receivables surged 42%
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Crypto industry steps up efforts
crypto businesses asked policymakers to ensure their regulations
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China likely to lower lending rates
Beijing cautiously eases monetary conditions to aid an economy hit by coronavirus
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Market watch: Stocks extend losses amid selling pressure
Benchmark KSE-100 index drops 206.23 points to settle at 46,333.36
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Country braces for worst diesel shortage
Experts say govt can avoid crisis if it clears price differential claims of Rs60b
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Oil rises as Libya outages add to Russia supply fears
Concerns of deeper supply losses loom in market
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Morocco sees rise in subsidies spending to $3.2b
The government earmarked 17 billion dirhams for subsidies in the budget
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Sri Lanka fuel prices up ahead of IMF talks
Petrol prices have increased 90%, diesel rates soared 138%
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China to step up financial support for Covid-hit industries
Beijing’s economy slowed down in March as consumption, real estate were hit hard
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World Bank planning new $170b crisis fund
Crisis response envelope will help countries deal with surging inflation
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Russia flags further interest rate cut
Looks for more budget spending to help economy adapt to biting sanctions
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Rs7.6b interest-free loans disbursed
Only 15% of target reached as banks adopted ‘go-slow’ strategy after political change
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Rupee snaps seven-day winning streak
Falls nearly Rs1 due to IMF programme uncertainty