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Reshuffle at RTO Rawalpindi
Amid a massive reshuffle in FBR’s RTO Rawalpindi, 219 officers and employees have been replaced
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Tiles makers irked by govt move
APCTMA has urged govt to reconsider the inclusion of ceramic tiles in the Third Schedule of the Sales Tax Act 1990
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Rupee weakens against dollar
The IMF has asked Pakistan to end state control of the rupee
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Slowing economy drags auto sales down by 8% in FY19
Decline comes on back of rupee depreciation, hike in interest rate
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Resumed talks raise hopes for China-US trade deal
Consensus between leaders of two sides sets positive tone for future talks
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Private firms get little space as PNSC wins priority
Shipping companies may not enjoy incentives due to PNSC’s monopoly
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SBP reserves drop 2.6% to $7.1b
Decline due to payments on account of external debt servicing
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Gold surges to record high at Rs82,000 per tola
Increase comes after hike of $24 per ounce in global market
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Online sales tax system not yet working
The system was supposed to be effective from July 1 this year
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Pakistan needs to be cautiously optimistic: WEF
WEF president says country has largely addressed energy and security challenges
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Northern Ireland can lose 40,000 jobs in no-deal Brexit
It is expected to cut region's exports to Republic of Ireland by up to 19%
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Market watch: KSE-100 gains 35 points in dull trading
Benchmark index increases 0.1% to settle at 33,875.40
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Oil at six-week high on Gulf of Mexico storm, ME tensions
Prices also supported by fall in dollar and decline in US crude stocks
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Remittances surpass target, stand at $21.8b in FY19
Surge comes on back of improved economic activities, jobs in UK, US
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Rupee weakens against dollar in inter-bank market
SBP let the rupee depreciate massively in the inter-bank market after finalising an agreement with IMF
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Govt to revise base-year for gauging inflation
The federal government has decided to revise base year for ascertaining inflation rate and consumer price index
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Gold price surges to Rs80,900 per tola
Hike of about Rs1,300 comes on back of increase in prices in international market
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PIA restores A320 aircraft to its fleet
The test flight of the aircraft was conducted successfully
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Dry battle: Punjab lodges complaint against water losses in Sindh
IRSA sets up committee to monitor water supply at Guddu Barrage
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Budget measures slow down realty sector
Investors await clarity on revised rates of land to be announced by FBR
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PTI plans to outsource airport management system
Aims to improve facilities at international airports that will attract tourism and investment
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Average exchange rate likely to be Rs172.53 by June 2020
Workings in IMF report reveal rupee will lose over 27% due to weak economy
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NAB arrests Sindh Bank chief in fake accounts case
Graft buster also rounds up bank's director and executive vice president
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Market watch: KSE-100 loses amid lacklustre trading
Benchmark index decreases 15.53 points to settle at 33,840.05
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PM withdraws portfolio of Revenue Division from Hammad after strong protest by Hafeez Shaikh
Hammad Azhar has now been assigned comparatively less important portfolio of Minister for Economic Affairs Division
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Market watch: KSE-100 gains 113 points in volatile ride
Benchmark index increases 0.33% to settle at 33,855.58
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Finance Act 2019: Non-filers to pay higher taxes
Non-filers of tax would have to pay double in taxes than filers
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Week-On-Week: SPI rises 0.83%
The combined income group went up from 257.5 points during the week
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Inter-Bank Market: Rupee weakens against dollar
Cumulatively, the rupee has depreciated almost 49% since December 2017
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Foreign investors’ confidence in Pakistan improves
Survey states visits by OICCI regional management to Pakistan increase over 65%
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France to impose green tax on plane tickets
Move aimed at limiting environmental impact of air travel
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Refineries directed to uphold fuel standards
Petroleum Division asks them to produce quality fuel that meets needs of new model vehicles
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Fertiliser prices to rise by Rs100 per bag after hike in gas tariff
Final decision to be taken on Thursday after meeting with industry representatives
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Overpayment to IPPs adds to circular debt
Committee deliberates issues of high tariff, capacity charges and heat rates
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Govt empowers FBR to go after offshore accounts
However, legal challenges to new regime remain unaddressed
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Pakistan’s external debt estimated at $130b by FY23
IMF sees net addition of $34.6b despite repayment of $48b during PTI’s tenure
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IBM closes $34b deal to buy Red Hat
This is the company's biggest acquisition in its more than 100-year history
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Oil rises towards $65 as supply concerns outweigh trade dispute
OPEC+ agreed last week to extend their supply cut deal until March 2020
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Work on Faisalabad Expo Centre to begin this year
Commerce adviser briefed on investment and progress being made on SEZs
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Malaysia seeks investment avenues in Pakistan
Envoy says CPEC provides opportunities for businessmen to penetrate market
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Three local firms to invest in Australian mill
Thal Industries, Almoiz Industries, Naubahar Botteling will inject AUD35m into the sugar mill
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Zaidi assures businessmen of addressing concerns
Committee will be constituted to resolve problems of businessmen
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Traders call off strike
They gave the strike call under the umbrella of All Karachi Tajir Ittehad
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Govt aims to strengthen agriculture
The government is making all-out efforts to strengthen the agriculture sector
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Rupee weakens against dollar
The IMF has asked Pakistan to end state control of the rupee and let the currency move freely
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APTMA urges govt to resolve industry’s issues
Demands removal of unjustified arrears from consumer gas bills
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US concerned over North Koreans ‘working’ on CPEC projects
A UNSC Resolution, 2375 (2017) bars member countries from hiring North Korean nationals
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After slow growth, bank deposits surge 7.43% in June 2019
Gain comes mainly due to legalising of black money under tax amnesty scheme
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Pakistan to further increase power tariff in Aug: IMF
Report states country bound to implement FATF action plan in three months as part of $6b loan conditions
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IMF assesses Pakistan’s financing need at $25.5b
Asian Development Bank announces $10b in financing from 2020 to 2024