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SIFC for prioritising local oil products
Directs Petroleum Division to address issues hampering refinery upgrade plans
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Experts hail digital marketing as superior
Say businesses see higher ROI, targeted outreach, leaving traditional marketing behind
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K-P governor stresses promotion of industries
K-P Governor urges industries to leverage global opportunities in textile, leather sectors at Karachi Expo.
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Bank of Canada cuts rates by 50 bps, signalling return to low inflation era
Central bank, which hiked rates to a 20-year high to fight soaring prices, has now cut four times in a row since June
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Gold prices in Pakistan hit record high of Rs285,400 per tola
Silver prices also rose, with cost per tola increasing by Rs200 to settle at Rs3,350
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PSX soars to record high as KSE-100 crosses 87,000 mark for first time
Analysts credit ongoing rally to growing anticipation of a cut in central bank’s key policy rate
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Stocks rally to another record high
KSE-100 index gains 409 points as earnings beat expectations
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Traders urged to comply with tax rules
RTO outlines benefits of filing returns on time at awareness session
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IMF lifts US, cuts China growth forecasts
Report says shifts will leave 2024 global GDP growth unchanged from 3.2% projected in July
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Telcos warn of monopoly risk in Telenor acquisition
Raise concerns over spectrum allocation, market dominance at fourth hearing on merger
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Industrialists laud SBP loan schemes
Call for improved bank conduct, awareness campaigns to maximise impact
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NEPRA okays KE’s take-or-pay model
Dismisses request for ‘must-run’ status for RLNG plants, overhaul allowances
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Pakistan Stock Exchange continues record-breaking streak
The bullish trend briefly touched 86,940 points during intra-day trading.
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USD exchange rate: Rupee weakens slightly
GBP seeing considerable activity as well, with buying rates at Rs358.70 and selling rates at Rs361.25.
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FBR’s latest stringent terms disrupts business operations, report reveals
The Federal Tax Ombudsman report states latest move complicates sales tax return submissions and supply chain
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Gold prices hit record highs in global, local markets
In international bullion market, the price of gold per ounce rose by $11 reaching new high of $2,737
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CPEC jewel hasn’t shined yet
Even after 10 years of the CPEC, the port is not connected with the national electricity grid
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IRS unveils new tax brackets and deductions for 2025
Without action from Congress, tax cuts enacted under former President Donald Trump are set to expire after 2025
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PSX briefly touches new high of 86,846 points during intra-day trading
KSE-100 index continues rally for second day in a row
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FBR to add late tax filers to active taxpayers list
A surcharge has been imposed on those who file late returns.
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Pakistan briefs IMF on key reforms during Washington visit
The delegation expressed their gratitude for the IMF's continued support
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Second straight C/A surplus recorded
Strong remittances and rising exports, including IT, drive $119m surplus
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IT exports surge 42% as firms expand client base
Increase in retention limit for forex accounts, stable rupee support export growth
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Export competitiveness increases as REER falls
Real effective exchange rate drops below 100; gold continues to eclipse record
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PSO waives interest for five IPPs
Will receive principal payment of Rs14.8b from power purchaser
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SECP seeks broader insurance adoption
Commissioner looks for provincial support, leads efforts to promote 'Insured Pakistan'
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Stocks surge following constitutional changes
KSE-100 index jumps 807.42 points, settles at 86,057.52
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Meat exports to China reach $3.37m in Jan-Sept
Pakistan's meat exports to China hit $3.37 million in 2024, boosted by rising demand for quality meat.
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AI, 5G termed crucial for addressing challenges
Minister says upcoming spectrum auction, fibre policy will spur economic growth
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Meetings clouded by wars, slow growth, US election
Global finance chiefs meet in Washington amid wars, weak Chinese economy, and US election trade concerns.
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EU countries subsidise fossil fuels by $45b
EU spends €42bn annually subsidising fossil-fuel cars, study urges shift towards EV subsidies to meet green goals.
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Steel makers demand 18% tax on local scrap
Steelmakers urge FBR to impose 18% sales tax on steel furnaces using local scrap, citing Rs30bn loss to the exchequer.
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Gold hits new all-time highs in global and local markets
Gold prices have hit record highs globally at $2,726 per ounce.
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Pakistan, Indonesia ink $10.7 million trade agreements
Agreements cover range of sectors, including coconut products, gum, cocoa, ginger, spices, and consumer goods
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Seizing opportunities with Russia
However, this relationship should not be politicised or used for political point-scoring
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Why Pakistan's development lags
Understanding the role of intellectual growth, policy reform in national progress
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Wealth inequality: role of innovation or political influence
When people are free to innovate and take risks, wealth is created in ways that benefit society
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Economic stabilisation vs high growth
If Pakistan follows stabilisation path, it is most unlikely it will be last IMF programme
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SCO: reflecting achievements
Pakistan hopes SCO can help settle disputes with India, open new trade routes
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Pakistan named 'Tech Destination'
Over 200 firms, startups, and industry experts participated in GITEX 2024
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Firm being set up to open power market
Independent institution will help address capacity payment challenge
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Raast payments hit Rs1tr in 16 days
Major driver of volumetric growth was P2P module launched in 2022
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Tap, pay, done!
Pakistan's digital payment surge is reshaping lives, boosting financial inclusion and driving economic change
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US reports third largest budget deficit
Deficit tops $1.8tr on high debt costs, spending on social security
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Tech surge propels Dow, S&P to new records
Wall Street benchmarks were lifted by Netflix earnings and tech stocks
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Pakistan, UN agencies join hands against food insecurity
FAO official says 20% of population is underweight, 15% faces severe food insecurity
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PSX comes off peak on profit-taking
Benchmark KSE-100 index loses 233 points, or 0.27% WoW, settles at 85,250
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Agriculturalists advocate free wheat market
Say support price drains billions of rupees, only benefits banks, govt and mills