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Market watch: Weak HBL, Mari stocks drag market down
KSE-100 index loses 667.53 points, wipes out Friday's gains
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HBL to close New York branch as US authorities seek to impose hefty penalty
Bank says it will contest allegations of non-compliance in court of law
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Implications of Trump’s diatribe
Viewed strategically, Trump's threat means little more than tit-for-tat reaction
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The Dar-ing finance minister Pakistan had
Mixing politics with economic decision-making can be a dangerous recipe in Pakistan’s context
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Pakistan must enhance competitiveness to advance
Economic structure should be much more export-oriented, sophisticated
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Karachi needs creativity-led urban development
Key source of success is ability to attract most creative talent
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Besides infrastructure, Pakistan must also seek capital for export industries
It will generate foreign exchange needed to service growing external debt
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US anti-Pakistan rhetoric amid realities of CPEC
US perceives OBOR as manifestation of Beijing asserting regional leadership.
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China bans new business with N Korea
New sanctions by China, Japan, US and UN are aimed at pressuring Pyongyang to end its nuclear weapons program
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Draghi mum on stimulus
European Central Bank chief delivers plea for maintaining trade liberalisation
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Trump moves to squeeze Venezuela’s access to finance
US president bans trade in new bonds issued by government
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Seeking improvement, Railways sign MoU with NADRA
Railways minister announces creation of HR department
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‘Pakistan a priority market for UK companies’
Move is part of growth plans that will see Supermeal Pakistan expand its reach
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Macroeconomic reforms needed to tackle challenges
LCCI officials say areas hampering growth need to be handled carefully
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PCSIR plans textile research centre to facilitate SMEs
Facility will be set up in Faisalabad at a cost of Rs429m
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KSE-100 recovers, but ends week down 437 points
US policy, possible devaluation, rising current account deficit take toll on index
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BankIslami ‘unduly favoured’ in KASB deal: AGP
Findings presented to parliament, points out SBP sustained Rs435m in losses
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State Bank supports creation of Bank of Balochistan
Asks banks to provide funds to small farmers, correct regional imbalances
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Census 2017: Family size shrinks
Pakistan home to 32.21m households
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Week-On-Week: SPI rises 0.05%
During the week, average prices of 15 items rose in a selected basket of goods
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Mauritius seeks investment in tourism
Mauritius can be a stepping stone for Pakistan to enter Southern and Eastern African markets
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K-P demands exploration rights without bidding
Sends the proposal to CCI for review, but it couldn’t be taken up
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Currency: Rupee stable against dollar
he currency market has fluctuated regularly in recent months
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State Life earns profit of Rs154b
SLIC chairman briefs NA committee on reforms made in the organisation
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MCCI urges achievement of cotton production target
Official expresses hope new cabinet will pursue radical economic reforms
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FTA with China: a loss-making deal for Pakistan
This has caused lower productivity in firms, low level of employment
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Britain heads back to Brexit table with declining economy
Consumer spending slumps to two-and-a-half-year low of just 0.1% quarter-on-quarter
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Preferential treatment sought for exporters
Business forum asks govt to open trade with East Asian, African regions
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SBP launches financing scheme for women-run small businesses
20% of earmarked funds will be disbursed in Balochistan
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Urea sales decrease 56% to 339,000 tons in July
Almost all manufacturers post declining trends
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Market watch: Stocks recover on support from local institutions
Benchmark KSE-100 index gains 373.13 points to close at 42,641.75
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6th census findings: 207 million and counting
Population rose by 57% in 19 years; 63.6% still living in rural areas; women make up 48.8% of population
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FCCI calls on private sector to contribute
FCCI will provide maximum facilities to encourage private sector
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FTAs, PTAs need to be revisited
Pakistan’s imports have jumped by 300% in the last three years
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Currency: Rupee stable against dollar
International Monetary Fund has repeatedly said that Pakistan’s rupee is overvalued by 5-20%
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Foreign exchange: SBP reserves rise 0.45%, but stay below $15b
Net reserves held by banks amounted to $5,671.2 million
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Sindh to protest against Rs6b tax deduction by FBR
Will file petition in court if the matter is not resolved
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Federal government must not interfere in SBP’s affairs: IPR
Think tank backs institutional strengthening to check fiscal imbalances
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Fatima Fertiliser earns Rs2b in Apr-Jun quarter
Strong sales attributed to higher urea demand before budget
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Indus Motor’s profit increases 13.5% to Rs13 billion
Company operates at full capacity to meet orders
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Funding for Naulong Dam being negotiated with ADB
Project ready for construction, three other dams are in planning phase
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China Mobile vows to reinvest revenues in Pakistan
Number of Zong 3G/4G sites to be enhanced to 10,500 by year-end
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Sugar mill accuses TCP of concealing facts in default case
Claims it has cleared almost all its liabilities
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$3.4 billion ADB-funded projects mired in delays
Worth $3.4 billion, the projects are either declared problematic or put on watch list
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Foreign exchange: SBP reserves rise 0.45%, but stay below $15b
Earlier, the reserves had dropped for the past five consecutive weeks
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Market watch: Profit-taking drags stocks back into negative zone
Benchmark KSE-100 index falls 1.50% to close at 42,268.62
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SECP probes ‘price manipulation’ in BoP’s right issue
Proceedings reveal complainant in the case is actually a big defaulter of the bank
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Bank AL Habib posts profit of Rs4.56b
A significant achievement for the bank during the half year was impressive increase in the financing portfolio
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Cherat Cement profit increases 39% to Rs1.96b
Company also announces Rs3.5 per share cash dividend
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Chemical industry to adopt nine global conventions
Officials say compliance with guidelines will help expand business