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Increase draws sharp response
The monetary policy released by SBP criticises the government over its inability to rein in the fiscal deficit.
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SBP increases policy rate to 13.5 per cent
Spiralling inflation in the country forces SBP to increase interest rate to 13.5 per cent.
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Fertiliser sales tank further
Fertiliser demand continues to drop this year due to high input prices and slow activity in flood-affected areas.
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TCP floats tenders for sale of sugar
The Trading Corporation of Pakistan has floated tenders for the sale of 25,000 tons of sugar in the local market.
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General Cable to acquire 25% stake in Pakistan Cables
BGC commits to investing $7 million by taking up a 25 per cent equity stake in Pakistan Cables Limited.
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Rupee hits all-time low against dollar
The local currency lost another eight paisa in inter-bank trade compared with Thursday’s closing.
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Benefit on forced sale value likely
SBP may allow relaxation in provisioning for loans given to businesses affected by floods.
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Government warns of action against overcharging flour mills
Sindh govt warns of stern action against flour mills and retail outlets involved in selling flour at higher rates.
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Businesses dwindle in face of Karachi unrest
Volumes for businesses in Karachi dwindle to less than 20 per cent of their historic levels.
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Truck off
Presence of oil tankers in Karachi’s Clifton neighbourhood draws a Supreme Court judgment to relocate.