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SIFC vows to address investor woes
Receives praise from diplomats for tackling red tape, facilitating businesses
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Exporters can import raw material duty free
They will have to obtain prior approval from collector
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Record-breaking rally halts at PSX
KSE-100 index sheds 137.02 points, settles at 67,005.11
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SBP facilitated govt debt: report
Says central bank provided indirect loans to govt leading to high inflation
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Petrol price expected to rise by Rs10/litre in April
Potential increase could exacerbate inflation concerns; tax hike also on horizon
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Power consumers to pay extra Rs85b
NEPRA approves tariff hike of Rs2.74 per unit under 2nd quarterly adjustment
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Govt taking all steps to increase IT exports, FDI
Pakistan’s IT professionals can serve as the premier choice for international companies, minister
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FTSE Russell retains Pakistan in secondary emerging markets
Positive outlook, economic reforms propel Pakistani equities
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Rupee steady as forex reserves rise
Gold hit over six-and-a-half-month high at Rs231,000 per tola
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Govt plans to accelerate minerals mining
Poised to establish new, dedicated Mines and Minerals Division
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Stocks soar to record high on SOEs sell-off
KSE-100 index advances 594.34 points, settles at 67,142.12
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LNG diversion leads to gas price hike
HR cost constitutes only 4% of total gas price, says SNGPL
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Sindh farmers urge promotion of intercropping
To boost agro-ecosystem, ensure food security in Sindh amid water shortage
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Global M&A picks up in Q1
Volumes surge in US by 59%, Europe by 64%, slump 40% in Asia-Pacific
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Tax exemptions of Rs50b defy IMF
PCAA, PAA exempted via Acts of parliament approved weeks after IMF-SBA
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Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
Jury finds FTX founder guilty on seven fraud and conspiracy counts stemming from exchange’s 2022 collapse
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Rs1.2tr sought for power subsidies
Energy ministry demands 26% higher allocation despite massive rise in tariffs
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Visa, Mastercard reach $30 billion settlement
Some critics believe it may not go far enough, saying the savings would be temporary and fees would remain high
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PRGMEA urges independent apparel policy
Butt called for the establishment of an Apparel Council at federal level to address sector-specific challenges
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Freelancers seek govt-association collaboration for IT park success
Say consultation will ensure effective resource utilisation, address challenges in boosting exports
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IBC invites Pakistani investors
Sydykov highlighted that Kyrgyzstan offers a promising investment landscape
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MNCs witness over 3-fold surge in profit repatriation
Foreign firms transfer $759.2m abroad in first eight months amid improved reserves, stability
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SIFC to push ahead with plan to develop chip industry
Govt needs to offer tax incentives, other facilities to encourage foreign firms
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PIA Holding Company approves Rs268b debt restructuring
Govt aims to privatise airline by June 11th, with bids invited as early as next week
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PIA sell-off, IMF loan send PSX to new high
KSE-100 index surges 641.51 points, settles at 66,547.79
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Turkmenistan concerned over delay in TAPI pipeline
Oil minister stresses Pakistan’s commitment to advancing project
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Rupee extends rising streak into 9th day
The currency has cumulatively gained 10.41%, or Rs28.95, in the past six and a half months
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HCSTSI chief decries poor infrastructure
Calls for public-private partnerships, and urgent action on canal pollution
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Energy supply chain under threat
PSO seeks payment of outstanding dues of Rs550 billion for LNG supply
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Minister urges speedy work on Gwadar plant
Said supply of electricity is essential in Gwadar and no delay will be accepted
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PSX extends gains, nears 66,000 mark
KSE-100 index rises 380.63 points, settles at 65,906.28
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Local cement dispatches likely to surge 10-14%
Year-on-year decline of 3% to 7% projected
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PIA board approves privatisation plan amid IMF talks
Commits to govt target of June 2024 for sell-off, aims to fetch $250-300m
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Iraq, oil firms trade blame over pipeline
Iraq owes Turkey payments as long as the pipeline is technically operational
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OCAC backs old price mechanism
Urges OGRA to revert to old methodology that considered prevailing dollar rate
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Rupee appreciates slightly to 278.12/$
Maintains winning streak for 8th straight day on better dollar inflows
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Stocks rebound on World Bank loan approval
KSE-100 index gains 373.82 points, settles at 65,525.65
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Competitors raise concern over telecom merger
CCP says reservations about PTCL-Telenor merger can delay due diligence
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Govt urged to protect auto industry
PAMA’s Khan says import of used vehicles has increased by staggering 641% this year
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SIFC approves setting up of largest IT park
To be established in Islamabad’s G-10 sector, covering area of 3.3 acres
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SLG first logistics company to list on PSX
Slated to offer 50 million shares at minimum (floor price) of Rs12 per share to raise Rs600 million
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Banks to get preferential treatment
Govt mulls settling high interest on $88m PIA loan without restructuring
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China adopts quality growth model
Pakistan can learn a lot from Chinese experiences to take economy to new highs
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Billions can be earned via agri-trade liberalisation
It will be realised under SIFC umbrella as protectionism bears no fruit
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Will provinces shoulder Pakistan’s debt burden?
Political parties will resist such measures as they disrupt free lunches and lavish spending
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IMF programme: is there an alternative?
PM can say no to new IMF loan, start domestically owned ‘Reform and Growth Programme’
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Priorities for new government
While digitalisation is imperative across all depts, it is most critical for FBR
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Experts urge cybersecurity focus
Offer practical solutions to avert internet shutdowns which cost millions per day
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‘Longer IMF programme could lead to debt trap’
Dr Ashfaque Hasan Khan warns against IMF dependency, calls for domestic reforms
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World Bank okays nearly $150m loan
Includes $78m for digital economy enhancement, $71.7m for barrage upscale