Stories from Salman Siddiqui
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Germany interested to invest in SMEs in Pakistan
Calls it a vast domain where trade and bilateral ties can be expanded
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PSX likely to go up by over 1500 points after tax relief
Govt expected to amend CGT law to make it workable for market
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Pakistan introduces first business robot journalist
It will write and publish comprehensive report on stocks traded at PSX
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Ikram Sehgal takes over as K-Electric chairman
With the development, K-Electric’s stake sale to China’s firm may be accelerated
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Current account deficit widened 37% in Dec 2018
It is likely to push policymakers to raise interest rate, let the rupee depreciate more
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Foreign direct investment in Pakistan hits six-month high
FDI increases 17% to $319.2m in December 2018
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Govt likely to swiftly phase out super tax on companies
May remove 10% additional tax on the companies keeping over 60% of profit for re-investment
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After nine years, offshore drilling begins in Karachi ultra-deep waters
ExxonMobil is drilling some 280km away from coast to find huge oil and gas deposits
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Remittances fall due to global economic slowdown
Drop comes despite rupee depreciation, crackdown on illegal channels
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Foreign debt, declining reserves pose major challenges: Moody’s
Rating agency already downgraded Pakistan last June
