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Bitcoin hits record above $71,000
Flows of capital into 10 largest US spot bitcoin exchange-traded funds slowed to a two-week low in the week to March 8
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E&P firms to step up efforts to find new deposits
Hope to receive outstanding dues from gas utilities, which will improve cash flow
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JV with Chinese solar firm to bring $700m in investments
Includes establishment of distribution networks, dealer’s network, warranty and service centres
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AJK to get telecom licence fee
Govt approves changes to law for transferring fee, spectrum proceeds to AJK govt
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PC leads efforts to revamp framework
Chairman stresses need to define federal, provincial jurisdictions
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Rupee comes down from 4-1/2-month high
In the open market, however, the rupee maintained its uptrend for the fourth consecutive working day
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Industry leaders decry skyrocketing gas prices
Call for govt, SIFC intervention as businesses struggle to survive
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PSX wipes out all gains, falls marginally
KSE-100 index sheds 38.45 points, settles at 65,755.31
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Bitcoin hits record above $71,000 as demand frenzy intensifies
Bitcoin rose by as much as 4.8% to a record $71,677 in European trading, bringing gains for the year so far to 70%
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Aurangzeb assumes role as finance minister amid economic challenges
Seasoned banker receives a warm welcome from finance secretary and other senior officials of the ministry
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Tax troubles of salaried class
In upcoming budget, this class should be relieved of paying high taxes
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Economic growth is like magic potion
Pakistan needs pro-growth policies such as tax cuts, freer trade, minimal regulations
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Gaining economic independence
From steel sector setbacks to educational neglect, country needs swift action
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Cheaper Chinese EVs dominate world markets
Environmental fears, tech advancements drive shift towards sustainable transportation
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Reforms in Planning Commission-II
Semi-reform, evolutionary process of PC may be uphill task, but it must be pursued
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Kyrgyz envoy stresses deep economic cooperation
Says Kyrgyzstan has made liberal laws to woo investors, facilitate mega projects
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‘China’s opening conducive to foreign businesses’
A major driver of growth will be renewable energy and related industries and infrastructure
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Legal issues hinder projects’ transfer
Provinces reluctant to take over 357 schemes due to legal, contractual challenges
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Abu Dhabi-owned firm eyes growth
The company has reached a deal to buy both AvoAmerica Peru and Bomarea from US-based Solum Partners and Alpine Fresh
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Customs unearths Rs1b tax fraud
Company imports tax-free raw material for sale in local market
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With political calm, PSX advances modestly
KSE-100 index rises 468 points, or 0.7% WoW, settles at 65,794
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Cnergyico likely to ink plant upgrade deal soon
Anticipated investment of $1b will boost petrol, diesel output
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European firms oppose LNG permit extension
Believe Venture Global LNG has completed plant but has failed to provide cargoes
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Govt mulls help to expand tax base
Will approach Bill and Melinda Gates Foundation to seek financial assistance
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Industrialists demand security plan for Ramazan
Ask Sindh govt to control street crimes as workers are becoming jobless
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Food security under threat
Soil and groundwater salinity hinders plant growth, reduce crop yields
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World food index falls for 7th month in a row
Lower cereal prices offset higher rates of sugar and meat
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Plan finalised to provide online services for land records
It will facilitate overseas Pakistanis in property transfer through use of technology
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Rupee rises to 4-1/2-month high vs dollar
Currency finds support from IMF’s positive response to loan talks
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Textile body, UK chamber to deepen cooperation
Will strive to tap networking opportunities for industry leaders
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Wheat harvest target may be missed
Country likely to produce 29m tons against target of 32m tons due to high input costs
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Food prices drive inflation higher
SPI rises 1.11% week-on-week following surge in cost of eatables
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Remittances up ahead of Ramazan
Overseas Pakistanis send 18% higher remittances that reach $2.25b
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Stocks gain modestly on IMF deal optimism
KSE-100 index adds 190.67 points, settles at 65,793.76
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Moody’s boosts banking outlook
Says solid profitability, supportive policies to bolster sector resilience
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Nisab fixed at Rs135,179, up 31% from last year
People who have submitted zakat exemption affidavits are not liable to pay zakat on their bank balance
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Fertiliser industry urges uniform gas tariff
Engro CFO calls on govt to end discriminatory pricing, promote new investments
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DG Customs for streamlining processes
Efforts to reduce review time, improve communication aimed at boosting trade, economic growth
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Rupee breaks five-day losing streak
Gold reaches new six-month peak at Rs228,150 per tola
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Stocks post thin losses on economic fears
KSE-100 index sheds 53.53 points, settles at 65,603.09
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Hutchison invests in tech upgrade
Remote-controlled cranes set to elevate Karachi terminal efficiency
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Pakistan inks host of deals at tech event
Envoy says partnerships signify Riyadh’s role as advocate for Pakistan’s tech capabilities
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‘Priority docking a cost saving measure’
Will reduce congestion pressures, optimise berth utilisation
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PM for giving DISCOs to provinces
Forms committee to consider proposal that was not in line with SIFC decision
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IMF steers clear of electoral tangle
Spokesperson says global lender does not comment on domestic political developments in response to PTI’s letter
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Chinese PV goes global: sail against the current but follow the trend
Beijing’s PV production capacity growth expected to remain in double-digit range this year
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Gold price surges to six-month high
Global investors were taking a bet in gold on speculation that the US central bank may reduce interest rate
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Egypt secures IMF deal after pound's plunge
A more flexible exchange rate had been a key demand of the IMF
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PBS revises gas price surge to 480%
Adjusts Nov rates from 1100%, raises questions on impact on inflation metrics
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Refinery policy to cut imports
Policy aims to double output of petrol, boost diesel production by 47%