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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
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Pakistan’s economic problems a hurdle to joining BRICS
Many countries interested in becoming part of emerging economies’ bloc
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Cotton price rises by Rs700 per 40 kg
Increase in dollar value, fall in supply from farms behind price surge
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PSO posts 90% decline in annual profit
Attributes drop to circular debt, jump in cost of products sold
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RDA inflows surpass $6.5 billion by mid-Aug
Investments by overseas Pakistanis help stabilise forex reserves
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Ordinary people, imports propel dollar higher
State Bank shows inability to bring immediate stability to currency market
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White goods company switches to local raw material
It comes following ban on imports by durable goods manufacturing industry
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Oil dips on worries about Chinese demand
Output cuts largely negated by weakening demand from China
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Power tariff hike of Rs2.07 per unit sought
Electricity generation breaks all previous records, reaches 25,516MW
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Minister calls for setting up business parks
These facilitation centres will enhance trade, consolidate global connections
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Rupee hits historic low as import pressure mounts
More demand for dollar comes from payments to airlines, profit repatriation
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S&P downgrades US banks on liquidity worries
Lowers outlook of S&T Bank, River City Bank to ‘negative’ from ‘stable’
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Land acquisition for dam substantially completed
WAPDA chairman stresses this will accelerate pace of construction activities
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Businessmen explore opportunities at expo
Pakistani jade, brass handicrafts draw attention of visitors
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PDM govt installed SNGPL board in violation of law
Replaced five independent directors of company without holding elections
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Lucky sets up 2nd solar plant to slash costs
Cement-maker expects to save half a billion rupees each year
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‘Pakistan’s economic conditions delay CPEC development’
Gwadar transformed into thriving modern city, says Chinese firm chairman
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SME credit risk assessment model being developed
System will help in easy disbursement of loans to manufacturing units
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Goldman Sachs weighs selling part of wealth unit
Shifts focus back to serving ultra-rich in broad strategy revamp
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Over $5b received for project financing, building reserves
Massive jump in foreign loans comes after deal with IMF
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China LNG buyers expand trading
Boost long-term contracts with Qatar, US suppliers by nearly 50%
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SIFC to help fast-track foreign direct investment
Will work with ministries, departments to remove bottlenecks
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CPEC pivotal for marginalised areas
Ghurki labelled CPEC as a 'model of collaboration, connectivity and shared prosperity'
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Current account deficit pushes rupee further down
Currency reaches over 3-month low at Rs297.13 against dollar
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Stocks dragged down by nearly 780 points over investor pessimism
KSE-100 index loses 770.54 points, settles at 47,447.95
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Deforestation vs population growth
Is sustainable growth a luxury developing nations can afford?
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Expectations of 240m from caretaker economic team
There needs to be stern message and action if dollar hoarding has started again
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Is Pakistan prepared for COP27’s Loss and Damage Fund?
No institutional mechanism or lead organisation has been initiated for preparatory work
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Institutional capacity: The most critical missing essential
Deficiency can be traced to institutions driving economy that are run by bureaucrats
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Pakistani handicrafts in hot demand at expo
Products like jade, leather jacket, football, brass ornament attracting Chinese buyers
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KCCI slams FBR for slapping tax on immovable property
Same tax on sale or transfer of immovable property withdrawn in Punjab
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Evergrande seeks US bankruptcy protection
Anxiety grows over China’s worsening property crisis, its impact on economy