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SBP chief confident SME policy will achieve its goal
The governor underscored the significance of its smooth implementation and successful execution
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‘Govt wants to hand over power with stable reserves’
Minister says no need to panic, foreign currency reserves are at comfortable level
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PAAPAM to hold 14th auto show in March
The new auto policy had rapidly changed the landscape and industry players would re-enforce their market positions
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Bosan asks provinces to protect sugarcane farmers
Insists growers be given the official price of Rs180 per 40 kg
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Cement capacity utilisation touches 95%
Exports suffer decline as APCMA blames govt’s lax attitude
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CPEC will improve tourism services in the country
PTDC MD expects improvement in public information, convenience in transportation
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Funds meant for tackling poverty mainly spent on salaries, other areas
Social indicators worsening despite Rs44b increase in budgetary expenditures
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Foreign exchange: SBP's reserves fall 0.19%, stand at $14.11b
Decrease attributed to payments on account of external debt servicing
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Market watch: KSE-100 ends positive for 11th successive session
Benchmark index gains 364.44 points, but falls short of 42,000 level
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Merrill Lynch bans clients from investing in Silbert bitcoin fund
The Wall Street brokerage stopped approving new orders due to concerns about the suitability and eligibility standards
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SNGPL to establish facilitation desk at LCCI’s office
The chamber would appoint a focal person to coordinate with SNGPL on day-to-day issues
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Rupee stable against dollar
Market rumours suggest the move is part of IMF’s conditions for another bailout package
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Zubair invites Norwegian investors
He speaks of the role played by Pakistan in the war against terror
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Electricity wastage in Punjab
farmers are facing shortage of water by 30% despite supply from the canals system, rains and ground water
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Oil sales drop 11.4% due to planned closure of power plants
Furnace oil sales decline by a hefty 44% year-on-year to 0.43 million tons
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ICCI links sector’s growth to overall economic progress
Senior Vice President Muhammad Naveed said due to the situation, many investors are leaving the real estate sector
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PSO starts sending termination letters to daily-wage employees
Step apparently taken to avoid court case filed for service regularisation
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New border terminals planned to push trade with Kabul, Delhi
NLC will also upgrade existing terminals at Chaman, Torkham and Wagah
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USF expected to spread broadband services
It should generate local content to create demand for telecom services
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China to keep providing assistance to Pakistan’s power sector
Power Division decides to meet all CPEC investors individually to boost cooperation
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Auto rickshaw maker to set up car assembly plant by June 2019
Sazgar puts rickshaw expansion plan on hold to tap potential growth in auto sector
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Entrepreneurs look to venture into foods business through Karachi Eat
2Guys1Grll will test market at three-day festival that attracts thousands of visitors
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Market watch: KSE-100 closes positive for 10th successive session
Benchmark KSE-100 Index rises 57.40 points to settle at 41,544.27
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SBP says Chinese yuan acceptable for bilateral trade, investment
Foresees yuan-denominated transactions with China to increase significantly
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Garment manufacturers back new finance team to overcome deficit
Asks govt to enact effective policies in consultation with stakeholders
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APTMA seeks policy for revival of industry
Says early announcement will help reverse trade deficit, contribute to progress
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‘High debt servicing damaging country’s image’
MCCI predicts Pakistan will need to keep borrowing to repay current bills
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ADB consultant featured in body formed to frame energy policy
Later, Power Division dissolved the committee, formed a new one comprising its officials
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Foreign CNG cylinder manufacturers to visit Pakistan this month
Italian company considering reviving its Karachi factory as demand likely to rise
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Pakistan needs to be economically strong to handle international pressure
LCCI officials say immediate economic reforms are needed to boost the country
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SEZ: BoI keen to facilitate foreign investors
BoI will implement the modern concept of super ministry and one-window operation
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SECP registers 8,286 companies
Services sector took the lead with incorporation of 1,303 companies
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Currency: Rupee strengthens against dollar
In last few weeks, rupee has cumulatively shed over 4% of its value
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Lobbying on for post of finance secretary
Jahanzeb Khan, Tariq Pasha among favourites to replace Shahid Mahmood
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Terror war losses outstrip ‘generous’ US payments
Islamabad bears a loss of $123 billion against American assistance of $33.4 billion
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Korean companies to invest in health care, infrastructure
Sign MoUs with the Punjab Board of Investment and Trade
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CPEC’s Centre of Excellence fails to fulfill core responsibility
Established at a cost of Rs1.2b, it has been unable to conduct studies or research helpful in policymaking
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Market watch: Stocks breach 41,000 barrier on healthy gains, activity
Benchmark KSE-100 Index rises 775.83 points to settle at 41,486.87
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Currency: Rupee stable against dollar
Market rumours suggest the move is part of IMF’s conditions for another bailout package
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Pol Products: LCCI urges reversing price hike
POL price increase would also affect the country’s agriculture sector
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Increasing Revenue: Petrol prices hiked in Saudi Arabia
This is the second hike since the beginning of disturbance in oil prices in the international markets
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Power companies directed to provide new connections
PEPCO chief warns the matter may be taken to NAB and FIA
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Shariah-compliant assets making headway
Represent 34.6% of total Non-Banking Financial Institute industry’s assets
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Pakistan Petroleum finds tight gas in Naushehro Feroze
Still, country has a long way to go to bridge 3bcfd gap through domestic sources
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MCCI lauds Miftah Ismail’s appointment
MCCI expressed full confidence in Ismail’s ability and expertise to uplift the economy
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Chinese delegation expresses interest in business ventures
Companies eye pharmaceutical, auto, chemical and solar energy sectors
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Pakistan spends over Rs2b on legal expenses in Progas case
Can potentially win back Rs1.3b of expenses if LPG company loses appeal
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Pak Suzuki increases prices of its Mehran, Wagon R variants
Rates of Bolan and Ravi also revised upwards
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Market watch: Stocks kick off 2018 with positive finish
Benchmark index gains 239.56 points to settle at 40, 711.04
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Inflation spikes 4.6% in Dec 2017, hits 8-month high
Rise in petroleum prices, levy of regulatory duty caused the increase in CPI