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Remittances surge by 13% to $2.38b in Dec 2023
Stability in rupee-dollar parity, crackdown on illegal networks boost numbers
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Rupee surges on remittance boost
Sixth day of gains fuelled by positive IMF outlook, increased inflows
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Cyber incidents hit 15% of global firms
Study cites dearth of investment in bolstering cybersecurity system
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Oil prices fall 21 cents
Surprise jump in US crude stockpiles raises worries about demand in largest oil market
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Croatia seeks better trade relationship
Appoints honorary consul general in Karachi to enhance trade, streamline visa issuances
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Govt eyes major gas policy reforms
Seeks to reverse industry exodus, boost local production
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PC okays 51% PIA stake sale
Cleanses its balance sheet by transferring most of Rs825b to holding company
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Markets confident about approval of IMF tranche
Cite PSX emerging as best-performing market in second half of 2023 as evidence
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Fund established for investment in IT projects
Govt plans to earmark up to Rs2b for startup fund every year
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EU envoy urges businesses to capitalise on new GSP+
Warns that upcoming EU elections may change properties of current programme
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PM ensures undisturbed power for Karachi
Need to formulate policies that consider purchasing power of electricity consumers, their welfare
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BankIslami calls for more Islamic banking
CEO says Islamic KIBOR can be introduced after Islamic banking reaches 40%
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Despite fall, PSX stays above 64,000 mark
KSE-100 index dips 66.45 points, settles at 64,170.58
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Rupee rises to two and a half month high at Rs281.26/$
Fresh surge in currency is attributed to reports of exporters advancing selling greenback on future
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ECC okays up to 5% increase in urea prices
Urea manufacturers will receive Rs30b from consumers in one year
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$600m loan linked to IPP debt
Chinese officials say working to accomplish task, no conditions attached
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$600m commercial loan linked to IPP debt
Chinese officials say working to accomplish the task promptly, no condition attached
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Tech industry calls for women’s participation
Urges mentorship, diversity, and supportive ecosystems to boost opportunities
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Apple’s China iPhone sales plummet 30%
Growing competitive pressures from domestic rivals such as Huawei for US tech giant
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Engro eyes telecom towers, construction materials
Research predicts company shares to hit Rs490 by Dec 2024
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Telecom operators decry social media blackout
Point out such actions adversely impact Pakistan’s global image
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Rupee ticks up to new 10-week high
Gains ground for 4th straight day, ahead of IMF board meeting
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Political uncertainty leads to PSX’s descend
KSE-100 index dips 277.87 points, settles at 64,237.03
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Chinese invited to explore joint ventures
FPCCI chairman highlights lucrative prospects in pink salt, textiles, etc
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Pakistan-Afghanistan trade reaches stalemate
Ban on some goods in transit trade, processing fee major obstacles
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Mid-air blowout puts Boeing in hot seat
Jetmaker has been under pressure to expand MAX portfolio of 171 airplanes
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Auto industry eyes 2024 recovery
Inflation struggles, plant closures, and export successes shape complex year
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A futuristic industrial policy
It may boost exports to $100b within five years through export-led development
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Sleep walking into a climate apocalypse
Immediate need is to mobilise private capital to drive shift towards sustainable, green economy
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Integrating climate into education
Half knowledge fails to address problem, exacerbates existing ecological issues
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Spending restraint a must for economic stability
Consensus on privatisation, power sector restructuring can steer towards stability
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What to expect in new year
In terms of economic growth, there is hope 2024 will be much better than 2023
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Pakistan to shine at Heimtextil 2024 trade fair
Marks participation as 4th largest country, boasts over 273 textile companies exhibiting
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Salaried class has high tax share
Workers contribute more than exporters at Rs158b, marking 38% increase
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Food price index ends 2023 10% lower
Eases concerns over global food price inflation
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SBP gives Rs1.25tr to meet funding needs of banks
In turn, banks will lend money to govt to bridge budget shortfall
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Pak-UAE economic partnership advances
Partnership will boost trade, employment opportunities
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Cabinet proposes envoys can lead consultations
Proposal floated to avoid unnecessary costs on foreign travel
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Power tariff hike to dent trade, industry
Businessmen say outages already hitting manufacturing sector hard
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Despite volatility, PSX achieves high growth
KSE-100 index rises 2,064 points, or 3.3% WoW, settles at 64,514.90
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160 high-end electric buses delivered by China
Valued at over RMB 150m, move signifies step towards sustainable public transportation
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Hub industrialists seek energy supply
Lament that step-motherly attitude towards Hub city has resulted in crisis
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Rupee hits 10-week high against US dollar
Reaches nearly Rs281.50/$, marking 3rd consecutive day of gains
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Stocks stumble as Senate seeks election delay
KSE-100 index plummets 124.26 points, settles at 64,514.90
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Rs908b added to public debt in Nov
Expenditures raise overall debt to Rs63.4tr, with interest payments soaring
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Oil rises over $1
Maersk announced it will divert all vessels away from Red Sea for foreseeable future
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Delayed import decision led to urea shortage: Solangi
Farmers say despite imports, country might still face shortfall of 0.6 million tonnes
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SMAP calls for action on Red Sea disruptions
Chairman suggests reactivating PNSC vessels to benefit region
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PSX prepares for first IPO of 2024
Secure Logistics Group plans to sell 63 million shares to raise financing of Rs750 million
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Inflation hits four-week high
Out of 51 items, prices of 19 increase, 9 decrease, and 23 remain unchanged during week