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PTA releases Internet of Things framework
It provides mechanism to enable IoT development
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Govt envisages $200b exports by FY25
Approves Textile and Apparel Policy to promote value addition
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ADB to continue supporting Pakistan
Provides technical assistance for implementation of ongoing programmes
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NA panel approves amended FRDL Act
Relaxes condition to reduce public debt to sustainable level for 10 years
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Rupee strengthens against dollar
The rupee had been on the downtrend since hitting 22-month high of Rs152.27 in May 2021
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Petroleum imports touch record high
Rise 107% to $11.69 billion in first seven months of FY22
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Punjab for increasing subsidy on Kissan Cards
Imam invites SBP, finance ministry to prepare roadmap for enhancing agri-credit
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Governments to see inflation-driven drop in debt
Averaged out across all 120 countries Fitch rates, the drop is set be two percentage points
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Hike in oil prices perturbs industry
Businessmen ask government to review latest increase
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SBP expands scope of Export Finance Scheme
Move aimed at improving exports, foreign exchange inflows
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Exports projected to hit $38 billion
TDAP chief executive says focus on African market to explore vast export opportunities
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Market watch: Petroleum price hike pulls stocks down
Benchmark KSE-100 index sheds 46.9 points to settle at 45,684.80
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Oil prices recoup losses as Russia-Ukraine tensions stay high
Brent jumped 50% in 2021 while WTI soared 60% as global recovery strained supplies
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SBP gives IPA for EMI licence to fintech
Firm aims to enhance flow of remittances to Pakistan
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Erdogan calls on UAE firms to invest in Turkey
t is you who will realise the two countries’ potential, especially in trade and investments.”
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Week-long fuel scarcity hits Nigeria
Lawyer Shade Adisa said she had been on the line at a service station on Lagos Island since 4:00 AM
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Rupee weakens against dollar
On December 29, 2021 the rupee hit an all-time low of Rs178.24
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Visit of Kazakh traders to deepen ties
Pakistan to hold single-country exhibition in Almaty in May
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‘Tax flaws’ impede steel supply
Industry unable to benefit from tax exemption granted to Gwadar Free Zone
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World Bank warns of growing debt crisis
Chief economist says G20 unlikely to address debt burden in poor countries
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Petroleum products prices break all records
Petrol reaches Rs160 per litre; diesel Rs154.15
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Hubco’s profit declines 42% to Rs5 billion
Loss suffered by associate firm drives decrease in overall earnings
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E-banking transactions exceed GDP
Amount to $500b in FY21, indicating rapid growth of digitisation in country
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Oil transporters announce protest
Demand increase in fares of fuel transportation
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Cabinet gives nod to Cloud First Policy
Also clears Personal Data Protection Bill deemed crucial to enter digital world
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Market watch: Stocks rise as geopolitical dust settles
Benchmark KSE-100 index adds 87.61 points to settle at 45,731.70
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Oil drops from 7-year high on report some Russian troops returning to base
Both benchmarks hit their highest since September 2014 on Monday
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Oil eases from seven-year highs
Comments from the United States about an imminent attack by Russia on Ukraine have rattled global financial markets
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Rupee weakens against dollar
On December 29, 2021 the rupee hit an all-time low of Rs178.24
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Germany to provide more assistance for social sector
Has given €3.8b for socio-economic development since 1961
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Govt relaxes housing finance rules
Cuts cost of finance, increases subsidy, enhances debt repayment period
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Tunisia hopes for trade deal with Pakistan
Envoy reveals negotiations enter final round as two sides nearing agreement
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Envoy seeks Bahrain investment in food industry
Points out CPEC offers enormous opportunities to Manama investors
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Approval of SOE bill delayed
Under the bill, central monitoring unit will be established
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Businessmen keen to hold meetings with Afghan delegation
Say it will have positive impact on two-way trade
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FBR starts taxing offshore firms
Move expected to dent web of domestic, offshore companies set up by wealthiest
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KEPZ investors urge government to withdraw general sales tax
Businessmen say industries should not be penalised because of wrongdoings of a few
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Investment pouring into G-B due to CPEC
With improvement in infrastructure, domestic tourism growing at swift pace
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Market watch: Stocks dive on geopolitical tensions
Benchmark KSE-100 index sheds 435.28 points to settle at 45,644.09
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Oil steadies near seven-year high on Ukraine-Russia tensions
Market participants concerned that conflict can disrupt supply
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A recipe for rapid economic growth
Govt needs to give priority to minimising trade barriers, its footprint on economy
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Should IMF define Pakistan’s economic policies?
Agreement with lender driving country’s economic direction, targeted reforms
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The skyrocketing prices of edible oil
Palm oil prices move both ways but people forced to pay higher cooking oil rates
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A few essentials for economic security
SBP bill will force country to control expenses, look for other funding sources
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CPEC – a hope for boosting tea plantation
Pak-China collaboration will help reduce huge spending on tea imports
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Tax receipts from POL items jump 72%
Imposition of sales tax on oil at import stage drives higher collection
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Food import bill topped $8 billion last year
Agricultural products worth more than $8 billion were imported last year
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Flexible approach needed in unwinding stimulus: ECB
Bank expects impact of energy price shock to wane in 2023
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Uncertainty in cryptocurrencies to persist
Broader market selloff driving volatility in digital currencies