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Fertiliser sector shifts impact of duties, taxes
Increases consumer prices of urea and DAP, causing concern among farmers
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World food prices fall to lowest in 2 years
Cost of sugar, vegetable oils, cereals and dairy products drops
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PM aide seeks halt to agri-subsidy
ECC asked not to provide more funding unless dues settled by Balochistan
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‘China-Pak have potential to cooperate in NEV sector’
Envoy encourages Chinese companies to invest in Pakistan’s growing NEV sector
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LCCI explores implications of federal budget 2023-24
Expresses concern over imposition of new taxes, reversal of relief measures
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China urges use of digital currency in SCO
Aim for greater efficiency in trade, reduced risk from geopolitical factors
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New policy jeopardises mango exports
PFVA accuses dept of plant protection of bias against hot water treatment plants
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Govt targets borrowing record Rs11tr
Marks third consecutive month in which high domestic borrowing targets have been set
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Rupee stabilises at 277/$
Dealers anticipate currency will come under pressure again
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Two new blocks awarded for oil, gas search
OGDCL wins exploration blocks in Sindh and Punjab
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Foreign exchange reserves rise to $4.4b
Record an increase of $393 million upon receipt of official inflows from govt
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Meta, SBP join forces to empower women
Joint effort seeks to provide training, access to resources, networking opportunities
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PALSP lambastes dual tax system
Criticises preferential treatment given to tax-evading factories in FATA/PATA
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Plug-in hybrid EVs a new consumer favourite
Competition for such EVs becoming more and more fierce
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Bank of America says PKR could devalue to Rs340/$
High domestic borrowing, unsustainable debt raise concerns over currency’s stability
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FAO launches Digital Village Initiative pilot
Aims to bridge the technological divide in rural communities
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Default risk drops to less than 50%
CDS dropped by 12.40 percentage points to 46.76% following IMF deal
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Kia Lucky raises its car prices
Gives no reason for price hike, says new prices include Capital Value Tax
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Saudi-Russia oil cooperation going strong
OPEC+ has been cutting oil output since November in the face of flagging prices
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NEPRA indicates another tariff hike of Rs1.9
DISCOs’ consumers will pay Rs22.6b; KE tariff will also rise by Rs1.45 per unit
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Middle Eastern firms push IPO plans to 2024
Inflation, interest rate hikes dampen risk appetite
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Indian oil refining claims rubbished
PRL MD dismisses talk of oil processing in India before shipment to Pakistan
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POL demand hits 17-year low as prices soar
Marks 27% YoY decline in FY23, lowest sales numbers for OMCs since FY06
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5G to spark new wave of business opportunities
Will propel industries towards untapped potential
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Cement sales decline by 22.8% in June 2023
Drop raises concerns about impact on the industry, economy
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IMF boosts rupee, Eurobonds rally, and gold prices decline
Gains 3.83%, equivalent to Rs10.55, in a single day – largest increase in 7 weeks
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Dubai stocks hit eight-year high
Major Gulf markets in black, tracking high oil prices
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Trade deficit successfully slashed by 43% in FY23
Imports decreased by 31% while export earnings contracted by nearly 13%
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Logistic companies struggle to achieve economic growth
Low margins, high taxes deter post-Covid business recovery
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Invest in Mega City: A futuristic housing society infused with luxury and convenience
The meticulously designed residential development offers residents an unrivalled quality of life
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Exports increase by 8% in June
Country's trade deficit was $1.81b after a decrease of 15% on a monthly basis, annual trade deficit decreased by 63%
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IMF executive board to meet on July 12
Lender set to disburse $1.1b first tranche of $3b stand-by arrangement with Pakistan
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Approval for re-exporting removed
Oil industry players will now only need to inform OGRA 15 days prior
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India refiners pay in yuan for Russian oil imports
Sanctions force Moscow to find alternatives to dollar for settling payments
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IMF loan to boost economy, growth: PFC
CEO says stability will improve investor confidence
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China major investor in solar projects
Delegate says average utilisation of solar plants merely 19% in Pakistan
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Auto sector struggles despite IMF agreement
Tier-one vendor Agriauto Industries announces partial shutdown in July
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Saudi Arabia, Russia deepen oil cuts
Cuts amount to 1.5% of global supply, sending prices higher
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Forex reserves show improvement
Rise $533m to $4.06b as govt bank loan is realised
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Fitch, Moody’s warn of economic risks
Financial sustainability still under threat as Pakistan has to repay $25b
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IMF deal boosts investor confidence
10-year Pak Eurobond gains 2.75%, or $2, to reach 74.3 cents on the dollar
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Energy transition and reforms
DISCOs’ management must be privatised alongside equitable financial sharing between federation and provinces
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Inflation eases for first time in seven months
Year-on-year inflation was 29.4 per cent last month, Pakistan Bureau of Statistics data shows
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Default and restructuring
Debt reprofiling could perhaps be a silver-lining to put our house in order
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Why ending big notes better than taxing salaried class?
Economic stability cannot be achieved by burdening the already taxed individuals
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The conundrum of faulty policies – I
Pakistan touts itself as a champion of privatisation but it has not benefited the country
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IMF loan and Investment Plan B
They hold potential to rejuvenate economy but it depends on political stability
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OPEC oil output posts small drop ahead of Saudi cut
Bloc pumped 50,000 bpd less than May’s figure
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Chinese firm commits to optimising solar PV market
Photovoltaic power may address energy shortage
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Wall Street ends quarter with broad rally
Major US stock indexes notch weekly, monthly, quarterly gains