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ADB forecasts high inflation for Pakistan in current fiscal year
Challenges are compounded by the ongoing economic strain and the need for continued reform
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A chronicle of mismanagement and financial woes
Inefficiencies, political interference, and outdated infrastructure fuel soaring costs
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Moody’s doubts success of IMF loan
Says approval likely but tough reforms may be challenging for weak govt
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ADB raises Asia-Pacific growth forecast for 2024 to 5pc
Strong domestic demand and electronic export growth drive economic outlook
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ALR enforcement threatens salt industry
Industrialists ask policymakers to avoid kickbacks, make stronger highways
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‘Technology can solve hurdles’
PFC CEO says tech adoption can transform all key sectors, governance
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Varsities join global alliance for agri-tech development
Collaboration focuses on new food and medicinal crops
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Thailand expands visa-free entry to boost tourism
Visitors from 93 countries get access to stay till 60 days; students can stay one-year to find job
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PM dismayed by oil, gas losses
E&P firms suffer Rs14b loss owing to delay in payments by public utilities
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Business leaders criticise electricity ‘relief’
Demand comprehensive measures, government austerity for sustainable economic growth
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Minister praises China’s development model
Iqbal highlights four key lessons from China’s growth experience, hopes for greater integration
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OGRA seeks action against CO2 mixing with LPG
Says dangerous practice poses risks to public lives, properties
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Industrialists demand forensic audit of IPPs
Complain tariffs have gone beyond bearable limits, factories closing every day
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PSX hits fresh peak on IMF deal
KSE-100 index skyrockets 1,211.51 points, settles at 81,155.61
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Despite hurdles, livestock sector can prosper
Experts urge collaboration among govt, private sector and farmers to unlock full potential
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Rupee hits two-month high on IMF agreement
Experts hope new package will attract foreigners to T-bills, PSX
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Oil & gas reserves discovered in Attock
Account for 1% of total oil production, 0.3% of gas output from hydrocarbon fields
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Airbus raises 20-year jet demand forecast amid fleet modernisation and Asian growth
Top planemaker expects global fleet to double with 42,430 new deliveries, driven by single-aisle and wide-body planes
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Govt hikes petrol price by Rs9.99 per litre, HSD by Rs6.18
Increase comes into effect from July 16, with revised prices to remain applicable for next fortnight
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Unpacking new IMF deal’s consequences
It seems fund is still not satisfied; apparently, there is no end to its demands
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Analysing Finance Act 2024
Govt’s core objective is to generate revenue with no concern for public welfare
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IMF deal reached: Pakistan’s path ahead to recovery
Policymakers need to strengthen competencies to move country towards 6-8% growth
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Navigating population boom
Population control is not enough; strategies are needed to tap youth potential
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Financial globalisation and macro model
Real investment falls as large chunk of industrialists pour capital into financial assets
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Kuwait announces massive oil discovery in Al-Nokhatha field
KPC estimates 3.2 billion barrels of oil reserves help country’s entire production over 3 years
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Argentina to sell dollars on parallel market in anti-inflation effort
Central bank's new strategy aims to stabilise money supply and combat rising inflation
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Petrol prices set for major hike from tonight
Sources say a proposal for a Rs7.67 per litre petrol hike is expected to be announced tonight after approval from PM
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Power shock: Govt raises electricity rates across Pakistan
According to Power Division notification, base tariff rates now as high as Rs48.84 per unit
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IMF deal boosts capital markets
37-month agreement expected to propel stocks beyond record, stabilise rupee
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PSX remains volatile amid thin losses
KSE-100 index retreats 269 points, or 0.33% WoW, settles at 79,944
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Expected US rate cuts drive investors beyond Big Tech
Less-loved areas of market could benefit from easing monetary policy
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Boeing begins 777-9 certification flight trials
Development a boost for Boeing grappling with production issues
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Export-led growth critical for economic revival
FPCCI chairman advocates for diversification of markets, products
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VinFast delays $4b US factory launch to 2028
EV maker cuts 2024 delivery target by 20,000 units
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Demand soars for local mangoes
Over 93,000MT of mangoes worth $61 million exported since May 20, 2024
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High taxes brew illicit tea trade
Cause annual revenue losses of approximately Rs10b to national economy
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Pak-China JVs to lift leather industry to new highs
They plan to set up manufacturing plants, R&D centres
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Cement dealers announce strike to protest high taxes
Say with hike in tax target, business opportunities are shrinking
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‘Rs13tr tax target unachievable without help’
FBR chief seeks additional resources from govt without specifying financial or human resource needs
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Govt shuns legal route for PTCL dues
Seeks amicable resolution of $800m payment dispute with UAE
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Pakistan secures $7 billion EFF deal
IMF okayed 3-year 24th programme deal after Pakistan agreed to bring transparency in affairs of Sovereign Wealth Fund
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Iqbal seeks global collaboration for development
Advocates alignment, innovation, and knowledge sharing at Beijing conference
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Sino-Pak cooperation to unlock mining potential
Both sides plan study on geochemical anomalies to reach full potential
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Stocks close nearly flat over political anxiety
KSE-100 index loses 48.26 points, settles at 79,944.10
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‘Diversify exports to Indonesia’
Consul general notes opportunities for Pakistani goods
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Rupee appreciates as forex reserves rise
Inches up to Rs278.40/$ while gold prices surge by Rs4000/tola
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High food prices fuel short-term inflation
Sensitive Price Indicator rises 0.11% week on week