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A ‘boiling frog’ situation
Interest payments exceed govt’s tax revenues – a recipe for default, economic meltdown
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LPG cylinders: track and trace system
Illegal manufacturers thrive on low quality material, putting lives at risk
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Spectre of default haunts US banks
Many commercial properties facing trouble in repaying loans, which may further fuel banking crisis
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PDM economic management led to sharp rise in per capita debt
A year under coalition govt triggered 25% surge in per capita debt
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Apple to settle lawsuit with tech startup
Agreement allows Apple to examine Rivos’ systems and recover any confidential information
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Challenges abound for new govt
Upcoming govt may opt for old solutions, avoid politically tough decisions
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Poultry industry sees 40% decline
Reduction in industry due to ill-planned strategies
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Farmers pile pressure on EU agri-head
Protest EU measures that place constraints on them, rising costs
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Election fever influences trading at PSX
KSE-100 index loses 59 points, or 0.09% WoW, closes at 62,943.75
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Moody’s downgrades Israel’s rating on war risks
Country’s rating was cut to “A2”, five notches above investment grade
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S&P 500 earnings growth seen at 9%
It is almost double Jan 1 forecast for 4.7% growth
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Govt considers allowing urea price hike
Proposes increase up to Rs358 per bag, farmers face increased import burden
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Auto industry seeks growth via diversification
Local companies pivot to new products to curb imports, build economic resilience
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Major AI chips designer chases $30b market
Nvidia building new unit to design chips for cloud computing firms
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Stocks slump over poll result delay
Benchmark KSE-100 index loses 1,200.12 points, settles at 62,943.75
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Oil rises 1%, heads for weekly gain
Amid persistent tensions in Middle East after Israel rejected ceasefire offer
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Job cuts expected at banks in Asia
Japan, India offer hope amid market turmoil in China
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IMF urges BOJ to consider ending yield curve control
Advises gradual rise of short-term rates as economy recovers
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Exports to Afghanistan rise 3.63% in 6 months
Recorded at $260.716m during Jul-Dec 2023-24
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Bitcoin surges in biggest weekly rally in four months
Rises 5% to one-month high on increased buying ahead of April’s halving
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Forex reserves dip $173m to $8.04b
SBP attributes decrease to debt repayment; rupee appreciates slightly
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Changes to Electricity Act sought
Govt wants modernisation of law in line with new realities in power sector
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PSX plunges 3.68% after 'election upset'
Benchmark index stood at 62,760 points, experiencing a net loss of 2.16%
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Maersk plays down Red Sea boost
Says oversupply will hit profits more than expected this year
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Spain’s paella rice could ‘disappear’
Farmers protest EU environmental rules against use of pesticide
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Pakistani exhibitors leave their mark at Texworld
Display wide range of eco-friendly fabrics, cotton and denim blends, embroidery work
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Entrepreneurs seek ethical AI use
Local innovators highlight need for regulations to harness AI’s potential safely
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Govt to permit re-export of oil by foreign suppliers
Move aims to streamline trade processes, involves amendments to Customs Rules, 2001
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Audit reveals officers’ earnings from SOE
Flags lack of transparency in board fees, recommends inquiry into 60 SOEs
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Furniture makers to search for new markets
PFC announces that it will take part in three-day International Las Vegas – USA expo
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Baqir urges new govt to tackle 'economic hurdles'
Stresses need to address sustainability of Pakistan’s debt
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Balochistan installs modern solar facilities
Province has solar energy potential of 2,900 gigawatts
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Bonds rise on economic optimism
Become world’s best-performing driven by high hopes ahead of new govt
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Sindh opposes rushed approval of Rs1.1tr canal network package
Tensions rise over concerns on water shares as Centre pushes controversial proposal
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Hesco, Gepco privatisation okayed
CCoP increases Privatisation Commission budget by Rs2.2b or 175%
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Kyrgyzstan keen on boosting business ties
Pakistan and Kyrgyzstan can cooperate in many areas including agriculture, industry, energy, and tourism
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Govt to extend scope of talks with IPPs to cut tariff
Decides to negotiate with hydel, gas-based IPPs to save costs for consumers
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Rupee ticks up to 3-1/2-month high
With fresh uptick, currency has cumulatively risen 9.93%, or Rs27.76, in past five months
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Stocks rise in volatile trading ahead of polls
KSE-100 index gains 344.85 points, settles at 64,143.87
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Pakistan, Germany ink deals worth €45m
Target climate, economy and social welfare to boost partnership
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Govt raises 7.5 times lower financing at T-bills auction
Strategy aims to maintain policy rate amidst IMF concerns
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UAE fund plans $4-5b investments in India
Funds will go through a tax-neutral finance hub in Gujarat
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Economic revival likely post-polls
LSM sector growth, exchange rate improvement key to boosting economy
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Rupee stable at three-month high
Dollar supply and demand appear evenly balanced
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Henan looks to promote trade, cooperation
Pingdingshan deputy mayor says 2021 MoU solidified relations
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Smartphone scheme faces opposition
Proposal for easy instalments draws concerns over import bill, commercial directives
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Cabinet okays PIA restructuring
Directs special panel to iron out differences over impact of airline’s bifurcation
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Sri Lanka to ease limits on rupee conversion
Sri Lanka’s official reserves stood at $4.4 billion at end of 2023, an increase of 22% according to central bank
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Country’s first e-Rozgar Centre inaugurated
Minister says 100 state-of-the-art workstations have been tailored for freelancers
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Stocks surge on debt settlement talk
KSE-100 index rises 796.10 points, settles at 63,799.02