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Market watch: Stocks positive amid thin volumes in shortened session
Benchmark index gains 303.64 points, settles at 41,595.32
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Currency: Rupee stable against dollar
However, the International Monetary Fund has repeatedly said that Pakistan’s rupee is overvalued by 5-20%
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Expanding Tax Base: FBR reaches out to PARCO and OICCI
contacts made as part of a countrywide exercise
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9th Conference : Pakistan, Tunisia eye trade deal
Tunisian Ambassador: “we must focus on diversification of the basket of tradable goods”
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PSX Limited’s profit soars to Rs79.6m in Jul-Sep
Earnings per share enhanced to Rs0.10 from Rs0.04
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Pak Suzuki’s profit surges 151% to Rs1.1b
Earnings per share stand at Rs13.43 in Jul-Sep
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Fatima Fertilizer’s earnings fall on weaker sales
No dividend declared for third quarter in a row
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Engro Fertilizers’ profit edges down 4.4% to Rs2.8b
Declares interim cash dividend of Rs3 per share
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After long delay, ministry starts releasing fertiliser subsidy
Provides Rs2b to manufacturers against outstanding claims of Rs20b
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Bank AL Habib declares pre-tax profit of Rs10.53b
Bank shows impressive growth in financing portfolio
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Guddu plant contribution to national grid rises 400-500MW
Increased gas supply by PPL, Mari Petroleum allows greater power generation
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Engro Polymer wants to build Naphtha Cracker Complex
Government requested to form a one-window setup to steward this endeavour
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Pakistan has borrowed $1.4b during July-September
Foreign banks remain largest source of loans, 3 lenders contributed 80% of borrowings
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NAB’s help being sought to see how $8b were ‘invested’ in Dubai
NA panel wants anti-corruption watchdog to contact UAE authorities and seek information about Pakistanis investment
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Iran wants Pakistan to revive gas pipeline project
Seeks to hold talks on the challenges that have delayed the project
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Market watch: Bourse carries previous negative momentum in dull trading
Benchmark index loses 191.86 points, settles at 41,291.68
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Changes at HBL as Nauman Dar, president and CEO, set to retire
Stint will come to an end on December 31, 2017
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Rupee stable against dollar
IMF believes PKR overvalued by 5-20%
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K-P’s tourism sector receives boost
Online registration of tourist facilities ordered
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SECP orders electronic filing
Modernisation efforts underway
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Engro Foods’ profit plunges 68% to Rs200m
Decline in sales and surge in finance cost lead to the drop
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Pioneer Cement’s earnings drop 41% to Rs417.22m
Earnings per share reduced to Rs1.84 from Rs3.09
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PSO’s profit increases 15% to Rs5.02b during Jul-Sept
Increase in sales, higher other income lead to the surge
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Cheaper fuel brings down power tariff by Rs2.19 per unit
NEPRA dismisses CPPA’s request for only Rs0.07 tariff cut, consumers likely to get Rs24 billion relief
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Furniture industry demands exclusive expo centres
Announces 100 brands will exhibit their products at the 9th Interiors Expo
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LNG supply: Pakistan seeks further fee cut for North-South pipeline
Makes request to Russia; two sides finalising terms and conditions of agreement
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Dining on Emirates
Airline serves over 100 million meals a year
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Over 1,800cc: Car importers panic as rates on used vehicles also revised
Commerce ministry notification clarifies enhanced regulatory duty on import
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Chinese Steel: Local industry rejoices as NTC imposes anti-dumping duty
Imported re-bars will be subject to 19.15% duty in addition to 30% already imposed
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FBR banks heavily on withholding taxes to meet revenue target
Of Rs756b collected in 1QFY18, Rs707b were collected through indirect taxes
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Market watch: KSE-100 falls over 600 points as positive streak ends
Benchmark index succumbs to profit-taking, settles at 41,483.54
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The growing state-economy conflict in Pakistan
Higher development spending makes govt the largest importer, promotes culture of kickbacks.
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Reliability of economic freedom indicators debatable
They should capture anomalies across countries for a true picture.
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Aisha Steel Mills’ plans to expand are all ‘laid out’
Company CEO says anti-dumping duty on Chinese steel has spurred investment.
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As much as one hates it, IMF borrowing isn’t a bad deal
Need to go back comes after failures of the govt to address economic woes.
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Promoting participation of domestic firms in global value chains
Trade in intermediate good shows increasing contribution in total manufacturing trade since 1995.
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Pakistan’s construction industry – the hot cake for foreign investors
Country needs to eliminate bottlenecks in growth of the developing industry.
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PM, Turkish minister discuss energy at D-8 Summit
Two sides discussed various issues pertaining to the energy sector
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Despite FTA, Pakistan struggles in trade with Malaysia
LCCI chief says exporters have failed to take advantage of agreement
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PBIT, China Railway Construction sign MoU
Agree to enhance cooperation in agriculture and allied industries
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Seminar stresses gender-inclusive economy
Organisers aim to inculcate entrepreneurial, business management skills in female professionals
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Exporters suggest early steps for kinnow shipments
Discuss with scientists prospects of disease-free banana varieties
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Weekly review: KSE-100 gains 5.62% as stocks stage massive recovery
Benchmark index rises 2,241 points, settles at 42,087.89
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$16.6b of cheap project loans remain unutilised
Long gestation periods, inefficiency lead to delay in release of funds
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Dollar set to lose value in the open market
Central bank agrees to ease greenback shortage in the currency market using its own reserves, say dealers
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Pakistan’s gems and jewels exporters drool over CPEC
Look to take advantage, aim to boost exports to $5b in three years
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Saudi Arabia says oil market improving, agrees with Iraq on compliance with cutbacks
The two countries began taking steps towards detente in 2015 after 25 years of troubled relations
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Rupee stable against dollar
The currency market has fluctuated regularly in recent months with hefty rises and falls on some occasions
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SPI rises 0.46% for the week ended October 19
Compared to the corresponding week of previous year, the SPI for the combined income group rose 2.21%
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Domestic debt continues to mount, reaches Rs15.4tr
Share of short-term loans increases to half of total borrowing