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Millers foresee acute flour scarcity in Karachi
Claim they have been denied wheat supplies by Sindh govt
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With high demand, gold hits new peak
Metal reaches Rs219,500 per tola as investors opt for safe-haven asset
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Gas subsidy scrapped for exporters
Industrial units will pay OGRA-notified gas tariff from May 1
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More tax burden on rich proposed
Commission recommends minimum tax on all movable, immovable assets
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Honda Atlas extends shutdown
Company, shut for over 2 months, blames LC curbs, halted foreign payments
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IMF urges banks to tackle inflation with rate hikes
‘You need to go and kill that beast’ of inflation, says IMF European department director
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Ethiopia, Pakistan to hold business forum
Ethiopian Airlines to start flights between Addis Ababa, Karachi soon
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Italy: skilled, educated washing dishes
How the country with stagnant economy squanders migrant talent
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Tax shortfall widens to Rs400b
Goal missed despite introducing mini-budget, steep currency devaluation
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Oil prices up 2% on rising demand
Both crude benchmarks set for weekly loss of 2-3%
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UBL keen on merging operation with Silkbank
Intends to seek SBP permission to commence due diligence
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Pakistani buyers admire farm machines
Automatic grinder is a widely used machine for value-added agricultural products in China
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Currency stabilises as foreign reserves improve
Experiences slight uptick of 0.03%, reaching Rs283.84 against US dollar
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Punjab: ‘alarming youth unemployment revealed
Gallup survey says overall unemployment rate stands at a staggering 6.69%
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ECC approves Rs285m as compensation
Also okays grant of Rs500m for Nashonuma project of BISP
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‘Freelancing can bring in $60b’
OICCI report says Pakistani freelancers earn less money than others
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Relief: FCA leads to reduced power rates
Thanks to 41 paisa per unit reduction in FCA in March
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Forex reserves rise by $30m to $4.46b
Rupee dips to Rs283.92 against the US dollar in inter-bank market
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Gas utilities to collect additional fixed charges
Such charges will apply to ‘non-protected consumers’ with effect from Jan 2023
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Govt likely to cut petrol price by Rs3.86 per litre
High-speed diesel may become cheaper by Rs5.41 from May 1
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CAD projected at $9.2b for 2024
External financing needs to stay over $34b highlighting need for another IMF bailout
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Bourse rallies over political clarity
KSE-100 index surges by 364.33 points, settles at 41,463.91
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Inflation envisaged at 20% for next fiscal year
For this fiscal year the government had targeted to restrict the pace of inflation at 11.5%
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‘Risks to public debt remain high’
Ministry warns that more shocks will keep debt above 70% until 2026
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NEPRA asked for Rs1.17 tariff hike
Will conduct public hearing on May 3 of petition filed by CPPA-G
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UAE investor acquires majority stake in Summit Bank
Involved issuance of 3.98 billion new ordinary shares
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‘EV prices to come down as sales climb’
IEA predicts nearly one in five cars sold globally this year to be electric
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Pak Suzuki announces yet another shutdown
Attributes closure to shortage of inventory, drop in sales
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JS Bank changes public offer for BIPL to cash
Earlier, minority shareholders of BIPL were offered shares of JSBL subsidiaries
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Rupee hits one-month high at 283.39 to a dollar
Gains strength gradually on hopes of early revival of IMF programme
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Indus Motor’s profit dives 62% to Rs5.8 billion
Carmaker performs quite better on QoQ basis, earns 142% higher profit
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Food-insecure regions under climate threat
Stress laid on optimising climate-smart farm practices for sustainable productivity
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Pakistan, UK explore ways to enhance trade relations
SAPM stresses on measures to facilitate FDI, resolve issues of Pakistani diaspora in UK
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Global refinery margins lose steam
Russian oil finds new outlets despite sanctions
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Billions of dollars in US-Korea deals unveiled
President Yoon makes business deals, sales diplomacy core element of trips
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Russian oil to be cheaper by $18 per barrel
Moscow offers Islamabad payments for crude in dirham, yuan and ruble
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China assures its continuous support
Discussed avenues to enhance cooperation
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Speculation rife over Pakistan joining BRICS
Country is struggling to revive IMF loan programme worth $6.5 billion
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Finance minister calls for realising true tax potential
FBR chairman gave a presentation on revenue targets and performance of the FBR for the period July 2022 to March 2023
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Tech helping to build new millionaires across Pakistan
Experts say wealth is being generated from some of the poorest parts of the country
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Experts predict range-bound market
Chief of Army Staff’s four-day visit to China being seen as ray of hope
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Who really benefits from rate hikes?
Has it resulted in increased savings and inflation control? Not exactly
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Why do we need Charter of Economic Stability?
If political parties want to win trust of private sector then they will have to agree on rules of economic governance
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ECAP to approach govt again
Urges govt to accept proposal to raise $24b in interest-free financing
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Russian oil slashes OPEC’s share of Indian market
Share shrank to 22-year low as India becomes top client for Russian oil
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Credit Suisse lost $68 billion in assets last quarter
Analysts note outflows not as bad as feared
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Pricey dollar sparks trouble for startups
Digital firms optimise expenses by switching over from dollar to rupee
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Blockade removed at NJ project tunnel
Restoration work continued during Eid days
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Chile plans to nationalise vast lithium industry
Will shift control from industry giants to a state-owned company
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Oil set for weekly loss as uncertainty weighs
It comes despite rise on Friday on strong economic data