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Weekly inflation surges 29.6%
Consumers see price spikes despite surplus agricultural produce
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Govt rejects Rs7.3b grant for PIA
IMF commitment drives decision as airline struggles with debt, legal disputes
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Pakistan Auto Show 2023 to feature 150+ companies
Three-day event to include Chinese and Iranian firms
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High-level Turkish furniture delegation to visit Pakistan
Hopes to explore collaboration for joint ventures, investment prospects
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Rupee resists larger losses
Sheds Rs0.21 to new one-week low at Rs280.09 vs dollar
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MoU inked to set up EV stations
China-Pak JV aims to remove hurdles preventing transition to alternative fuels
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Forex reserves fall by $220m to $7.5b
SBP attributes substantial decrease to debt repayment
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‘Freelancers can generate $10b in tech exports’
Minister says freelancers will be enabled to earn $30 each daily
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Power sector debt soars to Rs2.54tr
IMF review signals delays in energy deals, debt reduction measures
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Economic crisis affected performance in FY23: KE
Company plans to add 2,272MW from renewable, indigenous sources
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Inefficient CPPs chosen for subsidies
Cheaper indigenous gas diverted to captive plants while subsidies balloon
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Karachi’s business hub is ownerless, says minister
Points out water shortages, labour issues, need for new industrial zone plague city
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Handicraft brand aims to increase presence in China
Specialises in handmade scarves, carpets from Pakistan, India and Iran
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Industrialists denounce gas tariff hike
Term ECC decision unacceptable that will push down production, exports
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PM to raise trade discrepancy issue
Incomplete trade data strains revenue, foreign exchange
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Committee formed for 5G auction
Cabinet approves telecom infrastructure sharing framework that will reduce costs
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Rupee dips to one-week low
Gradually rising dollar demand dents rupee value
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Ban on profit outflow lifted as reserves rise
SBP data shows MNCs’ profit repatriation hits 17-month high at $163.7m in Sept 2023
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Telenor plans strategic solution by year-end
Options include sale, merger or new operational model
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France eyes investment opportunities
Tarar emphasised Pakistan’s enduring democratic stability and promising future
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‘Hundi-Hawala being used to import used cars’
Stakeholders express urgent need for government intervention
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Gas tariff hike to fuel inflation
Fertiliser, steel industries may be forced to raise prices to pass on cost to consumers
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Pak Suzuki announces brief closure of plants
Cites shortage of inventory for suspension of production
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Fertiliser sector seeks delay in axle load regime
Says sudden implementation has created challenges, shortages
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Govt to introduce PayPal, Stripe
Aims to enhance payment ecosystem for IT industry
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PIA debt restructuring talks begin
Aim to keep struggling airline operational for six months with limited flights
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WAPDA chairman meets US expert
WAPDA chairperson emphasised need for global efforts to address adverse effects of climate change on water resources
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Rupee faces slow depreciation
Currency drops by Rs0.31 reaching Rs279.43/$ in interbank market
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8,000MW renewable energy projects dropped
Regulator finds serious flaws in DISCOs’ power acquisition plan
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Dedicated SME policy for women planned
Talks for Women Inclusive Finance Sector Development underway with ADB
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Chevron to buy Hess Corp for $53b in all-stock deal
Recent deals a financial flex by US oil, gas firms that keep investing in fossil fuels
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NRL secures exploration lease in Balochistan
Awarded area spans 500 square kilometers in Chagai region
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Pakistanis’ overseas wealth falls
Global report urges 2% billionaire tax to generate $250b in annual revenues
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Economy showing early signs of improvement: SBP
Central bank keeps growth projection unchanged at 2-3% for FY24
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Experts seek policies for green future
Senator proposes development of community-led solar parks
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Rupee at Rs279/$ as IMF review looms
Latest drop suggests demand for US dollar has slightly exceeded supply
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Transport sector pollution
Motorcycles produce more air pollution than cars, especially newer vehicles
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Fiscal performance in 2023
Concerns about future economic stability, sustainable development running high
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Fairly paying public sector racehorses
Country will not progress until KPIs are given to policymakers with handsome reward
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A lost decade for stock market investors
After going nowhere for five years, bourse finally clears 50,000 mark with healthy volumes
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IMF needs to change its modus operandi
Countries taking IMF funds are compelled to follow economically destructive fiscal, monetary policies
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Power generation rises, fuel cost falls
Pakistan produces 44,138 GWh in first three months of FY24
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Argentina, Brazil seek 12.5b euros in aid
Request comes in EU-Mercosur talks to conclude trade agreement
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Stocks hit 6-year high on strong earnings
KSE-100 index rises 1,238 points, or 2.5%, and settles at 50,732
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Women-led startups face hurdles
Of late, improvement comes and programmes focusing on female-led startups being initiated
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Pakistan, China explore investment avenues
Commerce minister meets Chinese business leaders during Belt and Road Forum
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Fishermen demand fully fledged policies
Seek status of industrial worker with all required facilities
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The Rs75 banknote controversy
SBP has no intention to discontinue Rs75 notes that will remain in circulation
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Wall Street investors seek shelter
Have fewer places to hide amid growing volatility
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CAA to get $1.36b in upfront fee
Outsourcing of key airports to generate fee for aviation authority over 15 years