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Foreign currency reserves remain persistently on downhill course
At $10.79b, they now cover less than two and a half months of imports
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World Bank to invest $460m in road from Peshawar to Afghan border
Project aimed at bolstering trade between both countries and creating job opportunities in war-torn areas
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As security concerns subside, Pakistan’s tourism portal attracts traffic
China’s Alibaba also invited Find My Adventure for eFounders Fellowship
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OGDCL launches tree plantation campaign
Five thousand trees will also be gifted to District Government Attock for its Green Attock Program
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Pak-Suzuki contributes to hospital
Pak Suzuki MD, CEO, Executive founder member of the burns centre and other officials specially attended the ceremony
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ADB, Punjab look to harness potential
Javed emphasised the importance of building and improving the public and private sectors
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SPI rises 0.31%
Compared to the corresponding week of previous year, the SPI for the combined income group rose 2.70%
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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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APBF expresses concern over soaring trade deficit
The Pakistani rupee has weakened around 10% against the dollar since December last year
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Diversify export base, envoy tells Pakistan
Ambassador of Spain says country needs to focus on value addition
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Sindh govt comes up with relief package for taxpayers
Cuts penalty and default surcharge substantially, gives immunity from arrest
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Pakistan’s current account deficit widens to record high
Amounts to $14.03b in 10 months of ongoing fiscal year
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Govt refuses to revoke PSO-PNSC oil supply deal
With curbs on furnace oil imports, PSO does not see need to keep agreement in place
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Pakistan receives $9.2b in foreign loans, but reserves still plunge
Tally increases cumulative borrowing during PML-N govt to over $44b
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Market watch: KSE-100 falls 246 points in sixth successive negative close
Benchmark index drops 0.59% to finish trading at 41,623.52
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PayPal buys payments startup iZettle for $2.2b
The company said that its biggest acquisition to date would strengthen its platform for handling payment transactions
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Attention needed: Mango growers feel the heat as Pakistan tackles climate change
Production was 50% lower last year with issues continuing to hinder sector
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Cigarette manufacturers: Audit report not yet ready as deadline draws closer
AGP spokesperson insists audit will be completed in line with PAC directive
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Poor state of affairs: NEPRA seeks report on power breakdown
Says blackout exposes fragile stability, reliability of the system
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SNGP, SSGC: Govt allows recovery of Rs18b losses from gas consumers
Move could push up gas tariff
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Corporate Corner: Free medical camp organised by NBP
Medical aid was provided to 850 patients under the supervision of expert doctors and paramedical staff
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Sustainable Development Goals: ‘Rural strategies central for growth’
Effective rural development strategies are central in achieving Sustainable Development Goals
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Currency: Rupee stable against dollar
Since December, the rupee has cumulatively shed close to 9% of its value
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From Gwadar-Kashgar: Crude oil pipeline requires $10 billion investment
FWO requests Petroleum Division to sign agreement to secure investment
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Pakistan puts off tax concession for Chinese operator of Gwadar Port
Officials point out PM Abbasi wants the decision to be left to the new government
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Foreign exchange: SBP's reserves plunge 3.26% to $10.8b
Statement cites no reason for the alarming decrease
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Market watch: Sentiment stays bearish, KSE-100 dives 432 points to close below 42,000
Benchmark index drops 1.02% to finish trading at 41,869.65
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Tajik envoy calls IS threat to regional connectivity
Jononov acknowledges Pakistan’s sacrifices in fighting terrorism
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Sindh govt to fund Bin Qasim SEZ
'New industries will play a major role in economic development of the country', Abdul Azeem Uqaili said
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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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Small enterprises need workable policy
Call for making these units aware of Islamic financial products
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Digital Pakistan policy to be presented for approval
IT minister says country needs to continue making efforts
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‘TAPI pipeline will conform to environmental laws’
Official says govt making efforts to ensure this is the case
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Faisalabad businessmen to look for investment avenues in G-B
Special region has huge hydroelectric power potential, vast mineral resources
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Industries to face 10 hours of load-shedding in Ramazan
Electricity to be diverted to domestic consumers; move highlights failure to end energy crisis
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Pakistan’s external debt soars to record $91.8b
Data suggests figure may soon hit $100b as country faces external financing challenges
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Amid unwelcoming environment, entrepreneurs dropping business ideas
Business community hopes govt will be able to implement one-window facility
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Market watch: KSE-100 ends negative for fourth successive session
Benchmark index declines 158.33 points to close at 42,301.20
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Crude oil imports reach 60m barrels
The indigenous crude oil met only 15% of the country’s total requirements, while 85% were met through imports
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Rupee stable against dollar
The State Bank of Pakistan has maintained that the slide in the rupee’s value is due to supply and demand dynamics
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Pakistan Railways to offer 20% discount
Khawaja Saad Rafique has announced the package would be implemented from Ramazan 1 to Ramazan 20.
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Tourism Information Centre launched
The counter has been established to facilitate and encourage French tourists visiting Pakistan,
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FDI drops 20% in April, amounts to $143.7 million
On a 10-month basis, net inflow 2.4% higher
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Honda’s profit rises only 6% to Rs6.5 billion
Pace of increase is significantly slower than growth in revenues
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FATA: Govt to utilise USF to spread telecom services
3G mobile broadband services would be provided in areas of Mohmand, Bajaur and Malakand
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Cabinet approves Rs114b equity injection into power projects
Equity converted into ordinary and preference shares
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Public sector units suffer hefty Rs3.74tr loss over five years
Contrary to poll promise, govt fails to restructure and privatise these enterprises
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Govt imposes 12.5% tax on income from offshore companies
Prime minister’s tax amnesty scheme has also been included in Finance Bill 2018
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Budget 2018-19: Ismail unveils new relief measures in windup speech
Finance minister appeases middle and upper-income groups, rejects concessions for non-filers of tax returns
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Nisab set at Rs39,198 for Zakat deduction
Will be deducted on first day of Ramazan