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Learning from China’s 4-decade economic miracle
When everyone wants a piece of the pie, investment and growth remain elusive
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Financial globalisation and shrinking policy space
Stabilisation measures reduce inflation, but increase real exchange rate
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Upcoming auction for mobile internet
For a change, let go of the old tried, tested and failed practices
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A return to Trumponomics
Trump’s policies will put pressure on Chinese trade, may destabilise Pakistan
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PSX remains volatile amid mixed indicators
KSE-100 index adds 196 points, or 0.3% WoW, closes at 78,226
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MSCI set to add four Pakistani firms to FM index
Inclusion could boost nation’s FM index weight, attract $20-45m in inflows
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Cement sales fall 7% as economic activity slows
Mills dispatch 3.01m tons in July, down from 3.2m tons last year
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Govt adopts irrational pricing policy
Budget heavily relies on borrowing, taxes to meet increasing expenses
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Govt unearths Rs135b petrol scam
Dangerous adulterant sold as high quality petrol damages engines, costs treasury
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Berkshire sells 390 million Apple shares
Stokes fears about broader US economy, high stock market valuations
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Google signs licencing deal with Character.AI
Start-up to get more funding as part of deal, amount remains undisclosed
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Karachi exhibition draws thousands
Rare ticket collection, green entrepreneurship seminar gain acclaim
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Overseas Pakistanis invest $1.9 billion through RDA
Bring inflows to $8.25b amid economic stability, higher returns on NPCs
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Gold prices dip in international and local markets
In the international bullion market, the per ounce price of gold dropped by $15, bringing the new price to $2,443.
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CCOP okays sale of six power firms
Despite sell-off, consumers expected to bear burden of losses exceeding Rs200b
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Govt to import expensive urea to meet shortfall
ECC approves purchase of 100,000 tons at $359 per ton
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Short-term inflation slows to 26-month low
SPI reading decelerates to 18.41% compared to last year
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Gold soars to record high
Surges to all-time high at Rs257,300 as weak US jobs data, ME tensions fuel demand
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Bulls return on economic recovery hopes
KSE-100 index posts gains of 485.68 points, settles at 78,225.98
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$5b investment in E&P at risk
Proposed new framework for gas allocation to third parties deters investors
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Shah highlights potential for cheap electricity
Points out Sindh’s role as Pakistan’s energy basket, calls for fair use of provincial gas
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PSX rallies to gain 688 points amid volatile week
KSE-100 saw 0.89% increase to reach a new intraday high of 78,434.16 points
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OMCs allowed imports to bridge deficit
Pakistan has a well-established system of ascertaining the requirement of crude oil and refined products
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PSX experiences volatility on profit-booking
KSE-100 index loses 146.68 points, settles at 77,740.31
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Aurangzeb calls for reforms to ensure last EFF with IMF
Stresses on privatisation, export-led growth, FDI for macroeconomic stability
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Textile millers come up with charter of demands
Urge govt to take policy rate into single digit, remove unreasonable taxes
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Tractor industry faces deep crisis
Experts lament removal of subsidies, warn of industry collapse
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SME financing with risk coverage unveiled
Aims to boost lending to SMEs by offering Rs1.10tr over 5 years, partial loss coverage to banks
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AIC exposes flaws in digitalisation laws
Report warns against data localisation, predicts economic impact, increase in cybersecurity risks
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Budget accelerates inflation in July
Month-on-month reading hits 8-month high due to taxes slapped in budget
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Pakistan to repay $24.8b in FY2024-25
SBP revises down foreign debt estimate by 5%, provides no explanation for reduction
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FBR exceeds target of Rs656b
Traders only paid Rs1,500 as non-compliance, property rates pose obstacles
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S&P report drives PSX deep into red
KSE-100 index drops 741.82 points, settles at 77,886.99
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Minister urges DPP to boost exports
Hussain calls for modernisation, transparency to drive growth
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Govt pledges support for G-B development
Aurangzeb stresses administrative, fiscal reforms for economic growth
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Fishermen demand immediate fuel subsidy
Stress that rising expenses, lack of support threaten livelihoods of thousands
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PSO loses 5% market share
Oil imports by private marketing firm eat into state-run company’s market
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APTMA seeks tax filing exemption amid delays
Textile industry faces operational hurdles as DISCOs fail to file returns on time
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Rupee continues to lose ground
Dollar demand likely to grow with easing of policy rate
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Profit, dividend repatriation rises to six-year high
MNCs send $2.2b abroad in FY24; State Bank clears all backlog
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Agri-tech pivotal for boosting productivity
Rana Tanveer says traditional farming practices unsustainable and inefficient
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Major relief to public as PM approves significant reduction in fuel prices
Diesel prices have been reduced by Rs10.86, petrol Rs6.17, kerosene Rs6.32, and light speed diesel by Rs5.72 per litre
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Rupee falls to four-month low
Increased dollar demand, interest rate cuts, rising import needs drive depreciation
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Budget deficit hits record Rs7.7tr
Despite 53% rise in income, deficit widens on high interest, unchecked expenses