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Floodgates of jobs to open in Gwadar
Coastal city projected to generate 1.2m jobs for skilled workers, professionals
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‘Pak-Afghan trade to steer nationwide development’
Experts demand proper mechanism for removal of hurdles in bilateral trade
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Starlink to launch satellite internet across Pakistan
Starlink internet could also be expanded to the unserved and underserved areas of Pakistan
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Rupee strengthens against dollar
Demand for the foreign currency stood higher
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Chinese B2B firm to invest $50 million in Pakistan
Company to facilitate building material retailers via physical, digital presence
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ADB okays $200m for Punjab’s irrigation system
Aid focused on increasing agricultural productivity, enhancing food security
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Oil refineries posting negative returns
Petroleum Division discloses this in presentation to Cabinet Committee on Energy
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Interest rate hits 20-month high
Despite increase, SBP estimates inflation, current account deficit to remain elevated
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Market watch: Late session buying lifts KSE-100
Benchmark index gains 370.34 points to settle at 43,246.71
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Oil dips towards $74 as Omicron concerns dominate
Surge in new Covid-19 cases expected to slow recovery in oil demand
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ADB trims Asia growth forecasts as Omicron threatens economy
Says global surge in Covid-19 cases suggests pandemic will take time to play out
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SBP hikes interest rate by 100 bps to 9.75%
Increase in line with market expectations
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FTA with Indonesia under review
Envoy says bilateral economic cooperation can unlock new avenues for trade
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Asaan account to boost financial inclusion
SBP governor says initiative will result in significant increase in bank account openings
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Minister for monitoring urea supply
Asks authorities to identify factors behind fertiliser black market
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Remittances fall as travel resumes
Inflows slow down to $2.4b with decrease in global Covid cases, economic recovery
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Power firms can change criteria for hiring CEO
Cabinet gives its nod as earlier requirements allowed only engineers to apply
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Football exports breach $50 million mark
Shipments to overseas markets rise in wake of rupee depreciation
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Cabinet to ponder extension for old banknotes
Previous government had banned use of old-design currency notes from Dec 2016
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Car sales accelerate 29% in November
Rise comes due to low base effect as automakers sell 18,714 units
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Market projects 100-150 bps hike
Increase in policy rate expected to reduce trade, current account deficits
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Rupee dips to new all-time low
As demand for the foreign currency stands higher
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Market watch: Bears pull stocks down ahead of MPC meeting
Benchmark KSE-100 index plunges 519.41 points to settle at 42,876.37
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Promoting solar equipment manufacturing
Apart from saving forex, local manufacturing will increase employment, help adopt technologies
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Increase in the ranks of unemployed
Private sector must be engaged to tackle unemployment in country
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The unchecked surge in Pakistan’s import bill
Increase being witnessed due to low base effect, rise in commodity prices
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Why high trade deficit needs U-turn?
With economy inclined towards imports, it will not be able to gain investor confidence
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The neglected water economy
Tiered pricing system needed to reduce water wastage in urban areas
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SMEDA asks industrialists to invest in Hyderabad
Cites real estate, transportation, agriculture as potential areas of investment
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KSE-100 creeps up in topsy-turvy trading
Bearish, bullish pressures restrict movement of KSE-100 that gains 163 points
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Kyrgyzstan keen on joining CPEC
Envoy says Central Asian country wants to benefit from Gwadar Port
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SBP amends rules for microfinance banks
Changes expected to streamline receipt of credit information report
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Industry against gas supply suspension
Advises public utility to observe gas holidays, make better load management
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FBR to consult industry on property valuation
NA body to discuss the issue in next meeting
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Footwear exports to reach $1b by 2027
Association chief says industry has significantly cut its import share in recent years
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SOE boards exempted from scrutiny
ECNEC terms proposal unnecessary that can hinder board initiatives and decisions
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IFC to provide $1.2b to companies
Praises Pakistan for improving climate investment, ease of doing business
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Japan hammers out tax reform to boost wages
There was a lot of work yet to be done on tax reform
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Oil on track for biggest weekly gain since August
Crude benchmarks inch up amid easing concerns of Omicron variant
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Efforts underway to boost exports
PM aide asks officials to efficiently organise Lahore expo for luring foreign buyers
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Pakistan’s PVC production rises
PM inaugurates new plant of 100,000 tons which will support import substitution
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Govt to probe delay in ADB-funded project
Despite $400m loan approval, Advanced Metering Infrastructure scheme could not be implemented
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350MW solar park to provide cheap electricity to Karachi
Scheme to be completed in two years
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SSGC to suspend gas supply to non-export industries
Decision to come into effect today under gas load management plan
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Tax evasion by five sectors amounts to Rs310b
Research house says HDI ranking can be improved by curbing illegal trade
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Market watch: Stocks falter on rate hike jitters
Benchmark KSE-100 index loses 123.06 points to settle at 43,395.78
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900MW power plant awaits gas supply
Petroleum Division asks ECC to issue guidelines for notifying gas sale price
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Rupee falls to new record low
Cash deposit by Saudi Arabia helped rupee to appreciate; the recovery proved short-lived
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SBP reserves rise $2.65b to $18.66 billion
Receipt of $3 billion from Saudi Arabia bolsters reserves
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Bumper crops to fetch billions
Minister stresses farmers will get additional income of Rs400 billion