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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Same tax on sale or transfer of immovable property withdrawn in Punjab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
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Stocks remain volatile in shortened week
Benchmark KSE-100 index drops 206 points, settles at 48,218.49
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Circular debt forecast to jump by Rs545b
Only tariff hike targeted under foreign loans-linked reforms, other critical issues ignored
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Mango exporters turn to advanced freezing tech
Technology extends shelf life of mangoes up to one year while preserving freshness
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India imposes 40% export duty on onions
India’s annual retail inflation rose sharply to a 15-month high of 7.44% in July from 4.87% the previous month
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Traders hope fiscal indicators will improve
Pakistan Business Forum optimistic for caretaker government to help improve fiscal indicators, stabilise economy
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Foreign portfolio investors make a comeback after IMF loan
Foreign inflows into PSX and debt market surge 19% or Rs54b
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Implementation of Digital Pakistan vision prioritised
Determined to take information, communication technology (ICT) exports from $2.62b to $10-20b: IT Minister Umar Saif
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Tobacco industry decries lack of enforcement measures
Says regulators have failed to stop sale of cheap, smuggled cigarettes
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Opportunity cost of no-CPEC
Had there been no CPEC energy projects, annual loss would have been $15-20b
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Current account in deficit again
Deficit stands at $809m for July compared to surplus in past four months
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Cotton production expected to reach 12m bales
So far, ginning factories have received 2.1m bales this season
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Weekly inflation spikes 27.57% over previous year
PBS data shows prices of 32 commodities go up in outgoing week
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Oil’s seven-week rising streak at risk
Market concerned about global demand growth
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Telecom sector for tackling ‘digital emergency’
Voices hope new minister will be able to avert digital catastrophe
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Roadmap sought to boost revenue
Shamshad Akhtar dissatisfied with tax-to-GDP ratio, calls for raising it to 13%
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Surplus in trade with Italy surges 97%
Pakistan exported goods, services worth $1.15b to Italy in FY23
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Rupee dips, hits 3-month low
Currency just Rs3 away from record low of Rs299 per dollar
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Minister vows to propel exports to $80b
Will work to swiftly steer state enterprises towards profitability
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PBF urges need for reviving sick units
VC says high business cost poses threat to trade and industry
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Sino-Pak JV set to start e-rickshaw production
Such vehicles will reduce carbon emissions, promote eco-friendly transportation
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Power firms swallow billions of rupees
NEPRA probes where billions collected from consumers for installing earthing systems have gone
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Baluchistan Wheels halts production
Attributes decision to reduction in demand from vehicle manufacturers
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Exchange rate difference remains high
Rupee stays unchanged at 294.92 vs dollar in inter-bank trade
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Interim setup picks pro-liberal policies duo
Shamshad Akhtar, Waqar Masood appointed as nation navigates through economic challenges
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Forex reserves rise $12m to $8.1b
SBP cites no reason for increase in reserves
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PDM govt misses deficit target
Debt servicing, defence needs consumed 59% more than govt’s net income
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Monetary policy outlook becomes volatile
Sharp rupee depreciation, petroleum price hike may accelerate pace of inflation
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Jakarta launches WTO dispute over EU duties
Argues EU countervailing duties are inconsistent with WTO provisions
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Overseas Pakistanis willing to invest billions
Chaudhry says Pakistan-US relations improving, need to increase trade by removing obstacles
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People rush to ATMs after windfall from app glitch
Bank of Ireland fixes technical issue as social media posts prompt queues at ATMs
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Debt soars Rs18.5tr during PDM govt
Public debt pile grows at pace of 41.7%, reaches Rs62.9 trillion by end of June 2023
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China expo a bridge to deepen bilateral cooperation
Envoy says Pakistan tapping innovative prowess of its vibrant youth
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Riyadh’s Vision 2030 provides ample business avenues
Trade officer says entrepreneurs can become part of kingdom’s booming economy
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Rupee continues to slide, close to 295 a dollar
Became worst performing currency in Asia a day ago
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Oil falls as China fears weigh
It comes despite large drawdown in US crude stocks
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Power surcharge of Rs1.52 per unit on cards
Govt seeking to recover over Rs24 billion from Karachi consumers
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Kakar vows to complete IMF programme
Emphasises upon meeting IMF condition on increasing health, education spending
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Global wealth projected to rise 38% by 2027
Will reach $629 trillion over next five years, says study