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The urgent need for population control in Pakistan
One of the most significant repercussions of rapid population growth is a strained economy
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IMF assured: No more funds for CPEC
Fund questions increase of Rs7/unit in electricity prices, circular debt handling
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Google misquoted exchange rate: Malaysia
Insists tech giant undervalued currency, seeks explanation
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UK sees trade talks with India on hold
Earlier this week, Modi and British PM Rishi Sunak reaffirmed their commitment to securing a new trade deal
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US investigates Meta for role in drug sales
FDA supports probe, Meta pledges cooperation in investigation
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Textile sector seeks support to fully utilise GSP Plus
Hosiery manufacturers pledge to work with govt to lift exports
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PBF says agri-sector capable of doubling $3b contribution
Urges govt to control cartels, market manipulation to aid exploited farmers
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SBP faces dilemma over interest rate
Experts split as decision looms on whether to cut or maintain record high rate
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Salt industry struggles amid shipping crisis
SMAP leaders urge govt to reverse trade ban with India, reduce taxes to revitalise sector
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PSX under pressure over IMF talk concerns
KSE-100 index drops 977 points, or 1.5% WoW, settles at 64,816
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Nine new trade missions planned abroad
Govt requires Rs70m for these missions that will help raise exports
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Big industries’ output edges down
High policy rate, increasing business cost hit manufacturing sector hard
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Pakistan partners with Gates’ Foundation to overhaul FBR
Karandaaz Pakistan to use funds to hire firm to assess best way to digitalise tax system
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Weekly inflation hits 9-week high
High demand for food items in Ramazan fuels increase in prices
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Stocks lose ground in range-bound trading
KSE-100 index slips 247.80 points, settles at 64,816.47
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DGTO revokes solar association licence
Accuses association of committing irregularities, violation of rules
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CDWP greenlights Rs7.87 billion development projects
Projects in energy, physical planning sectors aimed at enhancing infrastructure nationwide
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Govt implements Ramazan export ban to stabilise prices
Temporary measure taken by cabinet ensures domestic supply of bananas and onions
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Rupee hits new 5-month high at 278.74/$
The currency received a boost from a $17 million increase in the country’s foreign exchange reserves (held by the SBP)
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IMF assured of power tariff hike
Islamabad pledges tariff adjustments, privatisation of DISCOs to tackle woes
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Industrialists laud appointment of banker as finance minister
Urge autonomy for technocrats to drive policy reform and stability
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Farmers ask Sindh to begin wheat buying
Say procurement centres are still not functional though harvest has begun
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France eyes return to Pakistan’s LNG market
After legal disputes, French firms seek collaboration to address looming gas shortage
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Forex reserves rise 0.22% to $7.91b
The central bank’s foreign currency reserves reached $7,912.9 million in the week
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Gas utility increases LPG imports to stabilise prices
Consumers forced to pay sharply higher prices as black market thrives
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Rupee stabilises at five-month high amid IMF talks
Pakistan poised to receive the next IMF loan tranche of $1.1 billion soon
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US waiver for Iran gas pipeline project sought
Energy minister outlines dual strategy, promises sector reforms to tackle losses
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In sharp U-turn, stocks turn bullish
KSE-100 index surges 1,015.82 points, settles at 65,064.27
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PWSMA pushes for digital tax fix
Calls for QR-Code mandate to curb billions in evasion, highlights FBR’s resistance
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Seafood exports to China surge by 13%
Rising demand, strategic partnerships drive growth in trade, says official
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SBP expected to maintain rates at record 22%
Analysts eye rate cuts in Q2 2024 as CPI rises 23.1% YoY
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Corporate dividends hit record $1.66tr
The world’s biggest dividend payers in 2023 were Microsoft, followed by Apple and Exxon Mobil
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Rupee appreciates to 5-month high
Wednesday’s close was the highest level since October 17, 2023, when rupee stood at Rs277.03/$
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Bears tighten grip ahead of IMF review
KSE-100 index dives 753.26 points, settles at 64,048.44
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Experts call for regulation of ChatGPT in education
Urge stakeholders to combat misuse of AI, encourage critical thinking to safeguard learning integrity
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Rise in used car imports raises alarm
Surge by staggering 684% in first six months reflecting consumer preference
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No mini-budget despite missed target
FBR assures govt of meeting annual target of over Rs9.4 trillion
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Mobile banking users grow 8% to 16m
SBP’s Q2 report highlights progress in payment ecosystem
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PSX launches Shariah-compliant ETF
Mahaana Islamic Index ETF offers investors access to top Shariah-compliant firms
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Oil prices may be left unchanged in Ramazan
Estimates show mixed trend in movement of petroleum product prices
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SBP investigates misprinted Rs1,000 notes in circulation
Says faulty notes can be exchanged at any of the 16 designated offices of central bank
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Socio-economic imbalances persist
So far, 12 development plans have failed to remove structural bottlenecks
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Illegal cigarette sales surge in south Punjab
PTC says tax-evaded, smuggled cigarettes being sold openly
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Pakistani firms showcase textile expertise
Eighteen companies exhibit latest products, innovative technologies at Shanghai expos
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Railways’ revenue rises to Rs55b in 8 months
Earnings grow 49% despite financial crisis due to flood damage
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PSX slumps on rate, IMF review uncertainty
KSE-100 index dives 953.60 points, settles at 64,801.70
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Car sales drop 8% amid economic strain
Rising prices, consumer constraints drive decline
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Punjab greenlights Rs100b Innovation City project
CM allocates Rs10b for initiative set to generate one million jobs
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Oil steady as OPEC retains demand forecasts
Recent data emanating from China has suggested weakening demand
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Banks achieve 86% growth in profits
Boost total earnings to record high of Rs572b amid higher interest rate season