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Wapda inks Rs1.68b contract for Mangla refurbishment
Refurbishment of the first two units will be completed in 2019
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Nishat Power’s profit jumps 11% to Rs3.21 billion
Earnings per share stand
at Rs9.07 while board announces dividend of Rs1.5 per share -
Indonesia keen on boosting economic ties with Pakistan
Consul general says Indonesian investors can capitalise on export potential by using its economic corridor
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NBP keen to offer subsidised loans for PM’s low-cost housing scheme
Bank president says it is making hefty investment in IT sector to fully adopt IT-based banking
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Pakistan eyes $8b investment from China, Saudi Arabia
Imported coal-fired projects put on backburner; two new hydropower projects to be proposed for inclusion
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Sindh cuts development budget by Rs24b
CM blames cuts on shortfall in federal transfers while presenting budget in assembly
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PTI govt likely to increase wheat support price
ECC allowed import of 100,000 tons urea to meet requirement of Rabi crop
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Pakistan loses business deal worth $940 million due to approval issues
Delays in regulatory approvals from PTA due to absence of proper head led to failure of transaction
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Govt raises gas prices by up to 143%
Increasing gas prices for power sector will hike electricity costs by 12%
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Market watch: Bears continue to dominate as index plummets 400 points
Benchmark index decreases 0.98% to settle at 40,520.47
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Saudi sovereign fund secures $11b loan
Kingdom’s first ever international loan aims to boost its diversification drive
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UK economy will shrink without Brexit deal: IMF
Britain is due to leave the EU in March next year but London and Brussels have yet to strike a deal
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China won't just play defense in trade war, Global Times warns
Beijing may also decline to participate in proposed trade talks with Washington
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Cheaper options should be explored for development of downstream industry
Shell is investing more in downstream sector to reap benefits of changing dynamics
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Pasha-Kardar proposals on tax reforms - an analysis
Pakistan is not a trade liberal country as it penalises exporters
by taxation -
High gas prices hurt nobody except the very poor
Price revision is unavoidable; both govt and consumers have to make sacrifices
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Impact of rupee depreciation to be felt after some time
Pakistan must look into internet-based export of services to bridge trade gap
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Pakistan’s debt, servicing cost to go up
Appreciation of dollar, higher global oil prices to exacerbate country’s economic woes
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Tough mini-budget may affect PTI’s vote bank
Politically wise to defer new budgetary measures until after Oct 14 by-elections
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Malaysia for advanced economic ties
Malaysia and Pakistan through enhanced cooperation and joint initiatives can advance in social and economic fields
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US studying potential Iran sanction waivers
Waivers are against countries or businesses that continue commerce with Iran after Nov 4
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Pakistan Railways to sell land to clear deficit
PM has sought details of railways land in different cities
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KSE-100 closes flat, gains just 65 points
Investors wait for clarity on economic measures expected to be taken by the government
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NBP chief plants sapling at Karachi varsity
National Bank of Pakistan President Tariq Jamali planted saplings at University of Karachi
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Poultry association denies use of hormones
Says if it were true, it would be reflected in country’s imports
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Post-Brexit: UK assures Pakistan of preferential market access
Envoy says Britain wants to see more British companies doing business here
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Govt defers launch of diaspora bond in view of dams appeal
Wants to make the most of euphoria among expats over contribution to dam fund
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Pak-China fibre optic cable to start functioning by year-end
Project will be a major revenue earner for Pakistan, provide shortest telecom route for Chinese firms
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Volvo Cars seeks US tariff exemption for Chinese-made SUV
Automaker says imposition of 25% additional duty will cause severe economic harm
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Iran says Saudi Arabia and Russia have taken oil market 'hostage'
US President Donald Trump seeks to impose fresh sanctions on Tehran and reduce its oil sales to zero
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Pakistan keen to start CPEC’s next phase
May ask China to sign agreements during PM’s visit in November
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Week-On-Week: SPI increases 0.2%
SPI for the combined income group rose 2.66%
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Currency: Rupee stable against dollar
Rupee appreciates against dollar after China lends $2 billion
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In Balochistan: Mari Petroleum finds significant oil deposits
This is the first oil discovery in Chiltan and Moro/Mughal Kot formations
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Cross-border partnership: China to create green economic belts in BRI countries
Belts will be set up using poplar trees under a plan released by China Green Foundation
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Tarbela extension project: Second unit resumes power production
Generates 300MW; third unit to start production by month-end
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Letter to finance minister: Shift tax policymaking from FBR to new body, suggests PBC
Insists FBR should deploy its resources for expanding the tax base
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FDI drops 35% as investors wait for economic policy changes
OICCI members, however, will raise investment in Pakistan this year
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Govt to abolish fund allocation for gifts, entertainment
Previous govt had earmarked Rs516 million for the purpose
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Market watch: KSE-100 slips below 41,000 as foreigners continue to sell
Benchmark index decreases 129.60 points to settle at 40,920.31
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Chinese buying mission to visit Pakistan
Pakistan wants to enhance exports to China, global market
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In shift, Engro to bet big on rising middle class
Government's hint of reviewing BRI contracts raises risk concerns for company
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China will not "surrender" to US demands in trade talks
Both countries are set to return to the table with the threat of new US tariffs looming
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CCP imposes penalty of Rs4.25m
Competition Commission of Pakistan has imposed penalty of Rs4.25 million on seven fabric and packaging companies
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Deals worth $250m inked at exhibition
Mutual agreements worth nearly $250 million have been signed at health exhibition
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Rupee stable against dollar
Rupee remained stable against the dollar at Rs124.1/124.3 in inter-bank market
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Investors suffer heavy losses at Bin Qasim Industrial Park
As they wait for utilities, investments shift to Faisalabad and Lahore
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Experts suggest curtailing non-essential imports
Propose income tax exemption limit to be set at Rs800,000
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Coal terminal collects extra fee for cargo handling
PIBT CEO denies; industry calls for finding a solution
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Senate panel displeased with hefty demurrage cost
PSO blames it on congestion at two seaports of the country