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Swedish, Spanish firms win $330m contract for converter stations
These stations will enable efficient transmission from generation sites to consumption centres
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Economists fear budget deficit may rise beyond Rs2tr
Cast doubt over Rs814b fiscal adjustment announced by the govt
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Incentives for new entrants may hinder auto parts sector
Industry official says concessionary tariffs for import of CKD parts do not make it lucrative for new players
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Emirates, Etihad airlines deny report they may merge
“There is no truth to this rumour,” Emirates spokesperson confirms
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China shrugs off trade war ‘obstacles’
Donald Trump announced another $200 billion worth of goods this week on which to foist levies
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Iran Sanctions: Volkswagen declines to confirm exit
Company had announced in 2017 that it would begin selling its own-brand cars in Iran for the first time in 17 years
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Digitalisation: Pakistan e-commerce witnesses growth
Pakistan’s e-commerce market has been experiencing reasonable growth over the past few years
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CASA-1,000 project: Swiss ABB likely to win contract for converter stations
Likely to clinch a multimillion-dollar contract for establishing converter stations in Pakistan and Tajikistan
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PRGMEA stresses exploring non-conventional markets
Also demands setting up display centres in Dubai and Rotterdam
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OPEC unlikely to agree official output increase in Algeria
Pressure mounts on top producers to prevent spike in oil prices ahead of US sanctions on Iran
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Bullish sentiment prevails as KSE-100 gains 400 points
Development comes on back of announcements in mini-budget and increase in gas prices
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Alibaba’s Ma says 1 million US jobs pledge thwarted by trade row
Dispute between world’s top two economies has swiftly escalated since Trump took office
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Pakistan remains undecided on cancelling $400m loan from ADB
Delay caused by divergent views of ministries, govt intervention sought to resolve issue
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‘Livestock sector needs to be revamped’
Sadiq said there was a need to organise livestock census in all provinces of the country
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Assisting Smes: UNISAME calls for redefining roles
Various chambers of commerce and industries need to do more for their SME members
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Ghandhara Nissan reports 91% surge in profit
Better result comes in the wake of higher other income
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DG Khan Cement’s profit rises 13.8%
Company earns Rs8.9b, declares final cash dividend of Rs4.25
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Tiles industry demands reversal of gas price hike
Insists high energy prices will make industry uncompetitive
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USC initiates inquiry into Rs100 million payment to flour mills
Seeks explanation from CFO for misappropriation and irregularity
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In August 2018: Current account deficit contracts 72% due to drop in imports
Steady growth in export proceeds and worker remittances also extend support
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‘Pakistan needs to enhance potential in sectors other than textile’
Contrary to expectations, it has resulted in only a marginal improvement in Pakistan’s exports to EU
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Punjab to have no water for non-perennial canals
It is due to grim water situation and persistent drought
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Govt decides to drop 450 schemes from PSDP
Rs1.6 trillion diverted from the projects to be used to fund under implementation schemes
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World Bank warns Pakistan of rise in Dasu project cost
Says project can face delay due to country’s inability to resolve land disputes
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Market watch: KSE-100 gains 82 points amid volatile trading
Benchmark index rises 0.2% to settle at 41,320.13
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China to penalize $60 billion of US imports in tit-for-tat move
China is forced to respond to US unilateralism and trade protectionism says the Finance Ministry
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Withdrawal of ban on non-filers augurs well for real estate sector
Industry officials welcome move which will attract investment
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TDAP participates in WorldFood Moscow
The event is the perfect platform to promote new food and drink products in Russia
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Dawood Hercules terminated agreement with Edotco
Dawood Hercules exercised its right to terminate the agreement in accordance with the terms of the agreement
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Qatar Airways urges passengers to travel
Additional offers including special rates on hotels, car rentals and Al Maha meet and greet services are available
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ICCI urges focus on marble industry
Stresses that the government should cooperate with the marble industry
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Rupee stable against dollar
SBP has maintained that the slide in the rupee’s value is due to supply and demand dynamics of foreign exchange
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PSX expected to maintain uptrend as major sectors benefit
New measures are positive for cement, steel, textile and auto sectors
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PPL profit soars 32% to Rs45.8 billion
Declares cash dividend of Rs1.5 per share, 15% bonus shares
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Auto industry becomes attractive again
Ban on new car purchase by non-filers of tax returns has been lifted
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With cut in input cost, textile sector vows to double exports
Cut in duty on 82 items will give a benefit of Rs5b to industry
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Hydroelectric power generation crosses 7,500MW for first time in history
WAPDA's plants produced more than 7,500MW in mid-Sept
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Trump accuses China of trying to 'impact' US election with trade war
Beijing struck back dollar-for-dollar to each escalation of the trade dispute but is running out of US goods to hit
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Your captain has arrived: Uber eyes Careem in takeover bid
According to Bloomberg, no final decisions have been made and the companies may decide against the transaction
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Taxes to be increased on cigarettes, cell phones
Taxes to be increased on luxury items, duty on 1800cc cars increased to 20 per cent.
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Alibaba's Jack Ma says US-China trade friction could last 20 years
Trade tensions would likely impact Chinese and foreign companies immediately and negatively, says Ma
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Market watch: KSE-100 surges over 700 points on mini-budget announcement
Benchmark index rises 717.6 points or 1.77% to settle at 41,238.07
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PTI govt unveil Rs5.3tr revised ‘status quo’ budget
Asad Umar says govt has introduced steep fiscal adjustment of 2.1% of GDP, equal to Rs814 billion
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KPOGCL to explore untapped K-P areas
Oil and gas exploration activities being carried out in 10 blocks of the province
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ICCI opposes gas price rise
'Hiking gas tariff for industry would affect production activities and further reduce exports'
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Rupee stable against dollar
SBP has maintained that the slide in the rupee’s value is due to supply and demand dynamics of foreign exchange
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Chinese Fortune 500 company to invest $20m in Punjab
Norinco, one of the Fortune 500 companies, is owned by the Chinese governmen
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Businessmen suggest listing dam on domestic, world stock markets
So far only Rs3b has been donated to the dam fund
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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