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SBP initiates phased transition of export financing schemes
Exporters brace for change as bank trims financing to meet IMF conditions
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‘Pak-Iran-Turkey trade routes can be game changer’
PCJCCI president says Istanbul’s exports to Beijing will be streamlined via Pakistan
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Fashion retailers in India suffer sales pain
As tomato, onion prices surge following erratic monsoon rains
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IPPs to get Rs1.3tr in capacity charges
Rupee-dollar rate, coal prices, RLNG cost major factors that determine capacity payments
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Rupee’s free fall continues as it hits new low at 302
Pakistani rupee becomes worst performing among 12 currencies in MSCI index
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IMC profits dive by 39%
Decline to Rs9.66b despite investing in high-return schemes
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Severe shortage of sugar sparks ban on exports
ECC revises prior decision, says ban on sugar export already in place post August 10, 2023
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Evergrande loses $2b in value as trade resumes
Scheme meetings will now take place on Sept 26, instead of Monday
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BoP enlists KPMG Taseer Hadi & Co. for Islamic banking overhaul
With new Islamic banking windows and branches, BOP reiterates its commitment to expanding Islamic banking in Pakistan
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Brace for rough flight of economy
Purchasing power of rupee to fall even further, and much rapidly than before
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Economic policy under caretakers’ cabinet
Interim govt for three or six months cannot be taken seriously by investors and diplomats
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Financial globalisation and currency speculation
Flexible exchange rate only suitable for countries that have large forex reserves
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LCOY marks historic milestone
Pakistan’s struggle with climate-related adversities underscores urgency of youth conference
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How to reduce people’s misery in energy sector
GST can be done away with or at least reduced as energy tariff becomes unaffordable
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Commerce minister urges exporters to achieve $80b target
Dr Gohar Ejaz asks exporters to shift focus to value-added products, says Pakistan needs new reforms
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Hydroponics: a path to prosperity for farmers
Innovative method holds immense promise due to popularity in Europe
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EU asks Russia to renew Black Sea grain deal
Says restrictions on shipping of Ukrainian grains creating problems
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Stocks under pressure over rupee slide
Benchmark KSE-100 index dips 547 points, settles at 47,671
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Pakistan vital for Saudi tourism
Tourism authority chief says Riyadh eager to host more Pakistanis, facilitate pilgrims
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Tariff hike sends industrial production cost soaring
Businessmen call tariff rise counterproductive that will render industries uncompetitive
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Govt to focus more on HR
Will bring undocumented economy and people to tax net, says PM
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Retailers, freelancers decry taxes on digital services
Say thousands of businesses, startups rely on international digital services, platforms
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Power theft may hurt financial stability
Owing to theft and inefficiencies, circular debt continues to plague energy chain
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Fed and ECB reaffirm 2% inflation goal
Dash thoughts of possibly tweaking with target
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PSX sheds some value in range-bound trading
KSE-100 index decreases 79.55 points, settles at 47,671.22
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Sialkot Tannery Zone project reviewed
So far, Rs2b spent on zone where over 280 tanneries will be relocated
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Prominent services firms to take part in Beijing fair
NLC, PIA, NBP will set up stalls to highlight Pakistan’s investment-friendly environment
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No consensus yet on hemp policy
In absence of policy, country could not cultivate hemp for use in medical purposes
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Oil surges by 1% on supply cuts
Price rises despite strong dollar, economic concerns
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Rupee remains on record-breaking spree
Depreciates to Rs301 to a dollar in inter-bank market
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Weekly inflation rises 25.34%
Price hike driven by rupee’s free fall, increase in petroleum rates
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Pak Suzuki Motor reports Rs3.2b profit
Earnings surprisingly soar eight times in 2nd quarter of 2023
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Body for economic revival formed
Chaired by finance minister, committee will develop plan in two weeks
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Tiny little water drops help farmers avoid wastage
Drip irrigation can change agricultural landscape, result in sustainable growth
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Oil slips amid caution ahead of Fed remarks
US business activity hit by stagnation in August, with growth at its weakest since February
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‘Hybrid seeds can mitigate climate threat’
Such seeds increase productivity, contribute to food security
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Parts makers agree on barter trade
Will exploit immense scope of manufacturing, supplying auto parts
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TAPI host govt deal likely in Oct
It will set transit fee for countries participating in pipeline project
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Dialogue underlines need for energy self-reliance
Experts advocate cut in electricity cost through employing low-cost resources
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Covid, inflation push 68m more into poverty
ADB says increased cost-of-living crisis is undermining progress towards ending poverty
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KE dispute reaches international court
Major foreign indirect shareholder seeks direct proprietorship in company
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FM asks for action plan to arrest dollar’s rise
Interim govt decides to crack down on unauthorised forex dealers
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Forex reserves dip $125m to $7.93b
SBP cites debt repayments for decrease in reserves
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Rupee dives to Rs312 per dollar in open market
In inter-bank trade, currency resists fall to Rs300 vs greenback
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IMF stresses MoF oversight on SOEs
Pakistan has been discussing outsourcing operations of several of its state-owned assets to outside companies
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Rs3.55 power tariff hike on the anvil
Govt aims to recoup elevated amount within a span of six months
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Provinces asked to pay dues of federal depts
Clearance of arrears will resolve financial constraints
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Stocks remain flat in range-bound trading
KSE-100 index edges up 0.73 point, settles at 47,418.63
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PM vows support for business community
Says maximum efforts will be made to address challenges
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Kashgar-Islamabad TIR route opened
It will augment China-Pakistan trade; first shipment leaves Kashgar