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Name change for Tuwairqi okayed
It comes despite pending litigation in international court of arbitration
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Food delivery firm invests in third-party restaurants
Aims to expand operations beyond main cities in Pakistan
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Minister for speeding up work on CPEC
Says interim govt will implement CPEC schemes to make it a success
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Remittances hit 6-month peak at $2.2b
Expatriates increasingly use official channels following crackdown on illegal network
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Gaza conflict termed economic shock
Will make it harder for central banks to achieve soft landings in many economies if it spreads: WB
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Circular debt continues to plague PSO
Among defaulters, PIA has to pay Rs26b to oil marketing firm
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Currency hits new 3-month high below 281 vs dollar
Rupee recorded fresh gains of 0.41%, or Rs1.14 and closed at Rs280.51 against the greenback
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IMF sticks to 2.5% growth forecast for Pakistan
Reduces inflation projection to 23.6% for current fiscal year
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Textile sector faces challenges
Earnings dip 24% due to high finance cost, expensive cotton and energy
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TDAP CEO sees avenues for exports to African states
Urges textile exporters to focus on more value addition, R&D
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Spain seeks trade facilitation
Envoy encourages Pakistan to explore renewable energy opportunities
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Pakistan, China discuss smart city construction
Delegation visits Beijing to explore possibilities of cooperation
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Agri, property taxes top priority
World Bank says salaried class paying taxes to their maximum potential
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FCA set to fix targets for Rabi crops
Convene on October 11 to review output of major and minor crops during Kharif sowing season
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Pakistan to export heat-treated beef to China
Poised to ship first consignment of frozen beef this month
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Hopes of fresh inflows drive up rupee further
Market talk suggests that the rupee will reach less than Rs280 per greenback soon
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Task force to finalise 5G policy guidelines
Will approve reforms to attract investment, increase mobile broadband proliferation
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Navigating the agriculture sector
Reforms are required to improve competitiveness, productivity and exports
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Unlocking Pakistan’s trade potential with Europe
There must be a roadmap for reforms to remove bottlenecks
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Public sector efficiency: A billion-dollar challenge
There is a need for a paradigm shift in the operating modalities of SOEs
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Economic growth - lessons for Pakistan
Quick fix of consumerism-led growth has not yielded sustainable results
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Time to increase returns for local USD holders
Higher returns will offer investors protection from currency free fall plus nominal profits
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Financial crisis threatens K-P universities
Report shows that budgets of Rs6.56b in 2021-22 were slashed to Rs4.74b in 2023-24.
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‘Pakistan set to secure second IMF tranche’
Despite missed targets, research house projects positive outlook
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World Bank retracts tax statement
Admits mistake as data shows salaried workers outpay richest sectors
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Farmers advised to prepare for mid-October
Varieties approved by ministry are Chakwal-50, NARC-2009, PARC-2009, Dharabi-2011, Pakistan-2013, among others
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PSX gains as GSP+ status is extended
Deliberations for privatisation of loss-making SOEs lifted market’s sentiment
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Power companies crack down on electricity theft
Billions recovered as Hesco, K-P Task Force, and Lesco recover dues
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Punjab aims for bumper cotton crop
Caretaker chief minister says collective efforts from all sectors required
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SNGPL imposes Rs30m in fines for gas theft
Uncovers 55 illegal connections across various regions
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10-year agriculture plan to be unveiled
Minister mentions Greater Thal Kanal project; activation of 58 small dams in Potohar region
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Minister affirms fast-tracking CPEC projects
Saeed highlights that Gwadar is being transformed into a world-class port and logistics hub
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Economy bleeds $23b annually
On black market currency trade, oil and gold smuggling, import controls
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Panel concerned over Rs320m corruption
Notes employees of state units continued to work despite getting golden handshake
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Emerging economies face pressures as IMF, World Bank meet
Pakistan’s finances also under scrutiny during meetings next week
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Cabinet invokes emergency for PIA
Aims to fast-track sale of loss-making entity within four months
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Weekly inflation inches up
Rises by 0.11% due to food and fuel price increases
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Rupee recovers in open market
Gains Rs2.50 vs dollar after govt slapped ban on over 200 ATT goods
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Report projects up to Rs41 cut in oil prices
Drop in global market, hefty rupee recovery make imports cheaper
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Exports to China increase by 5.16%
Reach $350.297 million in first two months of FY24
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GSP+ status extended till 2027
EU Parliament overwhelmingly votes to extend scheme for four more years
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Govt mulls reconstituting boards
Seeks legal opinion on removing politically connected SOE board directors
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Government debt soars to Rs64 trillion
Increase of over 29% comes as World Bank report cautions on growing risks
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IT sector set to become third largest exporter
Insiders project export earnings reaching $3 billion in FY2023-24
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PLL awards LNG tender to Vitol
Asian spot LNG prices rose to $15/mmBtu last Friday
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PNSC to expand dry cargo operations
Seeks long-term contracts, especially from public sector entities
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Transit trade widely misused
Analysis shows some of goods imported under ATT smuggled back to Pakistan
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Rupee slowly regains value vs dollar
Nears 3-month high, hitting Rs284/$
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Crackdown pulls down gold price sharply
Bullion now costs Rs188,000 per tola
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Bank deposits are perfectly safe: SBP
Clarification comes as media reported risks for deposits exceeding Rs500,000