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Govt launches National Electric Vehicle Policy
PM aide calls it transformative step that will lift industry, protect environment
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EVs 30% target by 2030 ambitious but daunting, say automakers
Cite example of India that could not achieve desired results despite hefty financial packages
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Govt to import sugar after exports
Decision to import 750,000MT sparks criticism as prices soar to Rs190/kg
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FBR to block bank accounts, cut utilities for unregistered businesses
Only 30-35000 of 0.3m industrial units in Pakistan are registered, says Langrial in NA Standing Committee meeting
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Swiss National Bank slashes interest rate to 0% as inflation turns negative
This marked the sixth consecutive rate cut since March 2024
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Indonesia eager to cooperate in fisheries
Delegation visits SAU in bid to improve rural livelihoods via tech exchange
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PSX sinks 1,505 points on geopolitical unease
C/A deficit for May also contributes to across-the-board sell-off
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Financial inclusion surges, gaps persist
Survey shows financial inclusion rises to 35%, but 85% still rely on informal credit
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Bank lending to farmers stays far behind target
Financial institutions provide 54.3% of agri-credit target in FY25
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Agri-budget fails to match damage
Stakeholders lament disconnect between losses and government response
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Profit, dividend repatriation surges 117% MoM
Hits $264m in May; 11MFY25 outflows rise 16% to $2.1b
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Draft tariff policy for 2025-30 unveiled
The policy outlines ambitious reform goals, including the phasing out of additional customs duties over four years
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Careem to suspend services effective July 18
Start-up pressures, policy uncertainty and investor concerns fuel exit; core operations to remain through tech arm
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Tribunal reduces penalty on steel mill
The CCP had imposed a penalty of Rs25 million for PSM's anti-competitive and discriminatory conduct
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'52% duty cut to boost exports'
Ministry projects revenue to grow 7-9%, but parliament questions WB model
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Pakistan secures $1b ADB-backed loan in return to Middle East markets
The $1 billion loan spans five years and is structured in multiple tranches
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Senate panel proposes tax exemption for annual income up to Rs1.2m
Committee also recommends increasing the limit of non-filers to purchase properties, vehicles
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Current account slips back into $103m deficit
Remittances offset trade gap, but gains remain fragile amid FDI drop, oil risks
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Egypt, govt eye tech partnership
Both sides discussed possibility of holding joint workshops in cybersecurity and maritime cable systems
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GST hike feared to hit auto sales
Suzuki MD says 18% tax will impact jobs, push up vehicle prices
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Real Effective Exchange Rate improves to 97.81 in May
Represents 1.5% drop from previous month's figure of 99.30, according to AKD Securities
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Aurangzeb pledges tax, energy and SOE reforms
Stresses need to stop fiscal bleeding as pension bill crosses Rs1tr
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PM asked to save value-added sector
Exporters demand restoration of Final Tax Regime, Export Facilitation Scheme
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PSX ends bearish over profit-taking pressure
Policy rate status quo, weak rupee fuel downtrend; index falls 254 points
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HCSTSI slams FBR arrest powers in budget
Hyderabad traders call new tax law clause 'draconian' and 'economic terrorism'
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Juice industry seeks tax reduction
This indicates that the juice industry has hit the Laffer Curve
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Spending on water projects to fall short of target
Govt utilised Rs79.4b by end of May vs FY25 allocation of Rs142.6b
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Solar panel, hybrid car tax rejected
Finance body rejects 18% tax on solar imports; hybrid vehicle tax hike withdrawn
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Gold prices drop locally and internationally for second straight day
Price of 10 grams of gold decreased by Rs 857 in the local market
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FinMin chairs oil price monitoring huddle
Expresses satisfaction over stock levels, rules out immediate supply disruption
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PSX range bound ahead of monetary policy
Investors stay cautious, restricting rise in index to just 82 points
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Punjab earmarks Rs130b for agriculture amid scepticism
Farmers argue financial packages cannot help without reforms that could ensure fair crop prices
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Govt mulls over oil imports via pipelines
Experts also call for keeping oil stocks in storage of abandoned power plants
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Govt limits powers of taxmen
Decision comes after PM steps in to address concerns of people, businesses
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Punjab targets cash-only businesses with fines
New finance bill also shifts to negative list regime to widen tax base, boost revenue
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Rupee loses 21 paisa on imports, global woes
The rupee has depreciated by 1.63% so far in the current calendar year
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Frustration voiced over policy rate status quo
Business community calls on SBP to reconsider 11% interest rate policy amid growth concerns
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China eyes housing, construction projects
Yu showcased advanced housing models
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SBP holds interest rate at 11%
Flags trade deficit, weak inflows and global uncertainty as key threats
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Gold prices dip in local and international markets
The price of 10 grams of gold has also decreased by Rs600
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SBP holds interest rate at 11% amid signs of recovery and stable inflation
The central bank also noted that proposed budgetary measures may further widen the trade gap
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Govt hikes fuel prices for next fortnight
The revised prices come into effect immediately from June 16
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Rs200 prize bond winners for June 2025 draw announced
Prize bond are a popular investment option in the country
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Shortage of water – myth or reality
Dearth of water for industry can prove to be biggest growth choke-point
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Budget: will it power tech economy or stall its promise?
Country needs overhaul of licensing systems, clear cloud procurement framework and enforceable data protection
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Digitalisation: avenues, hurdles
Will digital currency, laws to discourage cash deals bridge informal economy gap?
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From mining real gold to digital gold
In the absence of rules, crypto mining may cost more than it offers
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Biogas blaze exposes Karachi's waste crisis
Dumping of untreated sewage into sea must be stopped, and alternate ways of its anaerobic recycling be explored
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Petrol price likely to rise for next 15 days
New prices will be implemented once approved