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Punjab removes NOC condition for investment
CM will inaugurate special investor portal at Dubai Expo
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SSGC board set to approve purchase of PSM land
Acquisition aimed at establishing tie-in point for two new LNG terminals
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PIA receives second A320 aircraft on dry lease
CEO says new version of fuel-efficient aircraft will improve services of airline
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PSX surges in short trading week
Pakistan-IMF talks continued to influence investor interest at PSX
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Japan agrees on $200m debt deferral
Total deferred debt for Pakistan reaches around $570 million
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Renault forecasts production fall
Renault nevertheless confirmed its forecast of reaching a full year operating margin of 2.8% of turnover
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Rupee drops to 174 against dollar
Rupee has maintained its downturn
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Govt working to improve border management
Official says it will facilitate business community of Pakistan, Afghanistan
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Engro Corp’s profit falls 27% to Rs11.4b
Jump in other expenses, finance cost drives decline in earnings
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PSX adopts new trading system
Advanced platform capable of detecting data leakages and theft attempts
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Pakistan can become big olive producer
Technology transfer, human resources training will help increase olive output
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Digital payments show robust growth
Boost comes due to significant rise in mobile, internet banking in Pakistan
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Market watch: Stocks fall as Pakistan stays in FATF grey list
Benchmark KSE-100 index sheds 243.04 points to settle at 45,578.36
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Oil stays near $85 a barrel, Brent set for seventh weekly gain
Coal, gas shortages in China, India and Europe boost prices
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SBP reserves fall $1.65b to $17.5b
Net reserves held by banks amounted to $6,835.2 million
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Good yield of six crops secured
Good omen that Pakistan’s textile, agriculture and housing sectors are growing, says SAPM
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Rupee continues to weaken
Hits new all-time low at Rs173.96 in inter-bank market
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Policy rate to rise due to high bond yields
Analyst says SBP may increase interest rate by one percentage point over six months
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Power tariff to fall after privatisation of companies
NEPRA chief reviews extension in industrial package for K-Electric consumers
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Prices of steel rebar increase again
Rise comes because of persistent disruption in global market, rupee depreciation
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South Africa keen to increase trade to $2b
Envoy underlines need for business linkages between private sectors of two sides
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SBP to introduce full range of digital banking
Says consultative phase for digital banking has concluded
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Ex-FBR chief order termed illegal
Senate body calls for doing away with powers to attach bank accounts
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OGDC makes gas discovery in Balochistan
Well flowed at the rate of 2.391 million standard cubic feet per day
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Mango exporters target US market
Fetch better price for the fruit this season compared to traditional markets
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Govt eases aviation policy terms
Relaxation given for renewal of charter licence of K2 Airways
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Foreign exchange: SBP reserves fall $1.65b to $17.5b
Drop comes due to external debt repayment particularly against Pakistan Sukuk
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Market watch: Stocks rise amid hopes for success of IMF talks
Benchmark KSE-100 index climbs 321.94 points to settle at 45,821.40
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Oil hits multi-year high above $86, then pulls back
Drop in coal and natural gas prices placed oil under pressure
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Issues stymying CPEC projects remain unresolved
Energy ministry failed to implement orders given by Pak-China Steering Committee
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Pakistan, Vietnam to discuss PTA in Nov
Envoy stresses need for enhancing bilateral trade to $1b
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Bitcoin climbs to record high
World’s leading cryptocurrency was up 3.3% at $66,364.72, after reaching a record of $67,016.50
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Pakistan moving towards digitalisation
'Geo-strategic position makes it ideal to become a transit hub to upstream data traffic towards landlocked countries'
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Govt aims to consolidate economic stability
Minister says move will steer private investment, mobilise domestic savings
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Rising coal cost perturbs cement makers
Industry struggling to stay afloat, demands duty waiver
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No respite in the rupee fall
Depreciates Rs0.65 against US dollar on Wednesday to a new all-time low
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Current account deficit widens to $3.4b
High deficit due to rebound in economic activity, rising global commodity prices
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Fertiliser sector seeks end to gas subsidy
Insists it is globally competitive, can thrive in deregulated environment
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‘Textile industry needs digitisation’
Sector asked to embrace digital transformation to channelise its potential
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New auto policy to be unveiled soon
It will offer incentives, concession in taxes to investors
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Market watch: KSE-100 soars on progress in IMF talks
Benchmark index climbs 870.01 points to settle at 45,499.46
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Oil falls as China makes efforts to ease coal crunch
Global coal and gas crunch has driven a switch to diesel and fuel oil for power generation
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Current account remains in deficit despite jump in exports
Amounts to $3.4b during Jul-Sept due to rebound in economic activity, higher global commodity prices
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Proton Pakistan invites President Arif Alvi to its state-of-the-art plant inauguration ceremony
The momentous occasion also saw the debut of a much anticipated new Proton model SAGA
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FTO vows to eradicate maladministration in FBR
Seeks textile industry representation in advisory committee for tax issues
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Traders demand edible oil tax waiver
Say it will help mitigate food inflation, provide relief to public
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Rupee dives to new record low in inter-bank market
Closes at Rs172.78 against greenback owing to uncertainty about IMF talks
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Envoy calls for removal of Covid travel curbs on Iran
Says Islamabad has put Tehran in Category C that hinders flights, trade
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FDI soars to 11-month high in Sept
Surge reflects revival of global investor confidence in Pakistan’s economy
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Alvi stresses need for deepening ties with Japan
Asks Japanese firms to take benefit of business-friendly environment