Stories from Salman Siddiqui
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Stock market fund worth Rs20b faces hurdles
Govt lacks capacity to issue sovereign guarantee under IMF loan conditions
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Exchange firms given free hand to attract remittances
They will focus on countries from where remittances stay low
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LNG use helps reduce oil-based power production
Overall power generation rises 1.6% to 122,706GWh in FY19
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Taxes imposed, increased on kitchen items
Cost of living to rise due to new levies; FBR issues notification
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K-Electric’s tariff may go up due to LNG consumption
Company plans to import LNG, asks suppliers to submit EOIs
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Power tariff stays high on increase in capacity payments
Capacity payments to power houses estimated at Rs664b in FY19
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Current account deficit contracts 32% to $13.59b
Drop comes mainly due to higher remittances, lower imports in FY19
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SBP jacks up key interest rate by 100 basis points
Central bank revises up inflation forecast to 11-12% for ongoing fiscal year
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Rupee jumps to 161 ahead of monetary policy announcement
In the past six sessions, the currency dropped a cumulative Rs2.54, or 1.61%
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Foreign direct investment halved to $1.73b in FY19
It had been at $3.47 billion in preceding fiscal year 2017-18
