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Govt turns down tax relief plan
Aviation Division proposed exemption to new authorities for five years to manage airports
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KSE-100 index retreats in short week
Eid holidays, rising Covid-19 cases hamper activity at Pakistan Stock Exchange
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Global supply chains buckle
Virus, disasters and cyber-attack drive global supply chains towards breaking point
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SBP reserves rise $845m to $18.1b
Increase comes following receipt of $1b in proceeds of Eurobonds
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PIA launches largest flight operation for north
Move comes as tourist flow increases due to global travel curbs
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Govt rejects proposal to reappoint PBS official
Directs relevant division to readvertise post to find suitable candidate
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Pakistan’s REER improves to 99.85
Exports become viable, imports expensive due to rupee depreciation
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Market watch: PSX sheds 80 points on return from Eid break
Benchmark KSE-100 index drops 0.17% to settle at 47,793.07
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Oil slips but set to end week steady on tight supply
Both contracts fell about 7% on Monday but managed to recoup the losses
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Foreign exchange: SBP reserves rise $845m to $18.1b
Increase comes following receipt of $1b in proceeds of Eurobonds
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Chinese firm to launch 5G phones in Pakistan
Realme plans to establish assembly line and digital outlet
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Political stability imperative for sound economy
SAARC Chamber chief cautions Pakistan's economy cannot bear political turmoil
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Nations urged to shift from economic rescue to reforms
IMF official says restoring reforms can help make up for output lost during pandemic
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Asian stocks extend retreat as Delta fears deepen
Investors rattled by virus surge that forces govts to re-impose curbs
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Oil resumes drop as supply concerns weigh
Rising infections can weaken demand while OPEC+ is increasing supply
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Virus recovery to push emissions to all-time high
IEA says spending plans fall short of what is needed to reach global climate goals
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Cement firms may import coal from Afghanistan
Quality of coal from neighbouring country is inferior compared to other nations
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Trade activities soar to multi-year high
Surge comes on back of government’s policies to ramp up economy amid pandemic
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Furniture industry can dominate global markets
PFC CEO says sector has immense potential to contribute to exports
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ADB projects 7.2% growth for developing Asia
Renewed outbreak of Covid-19 slows recovery in some economies of the region
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Sri Lanka ratings under review
Foreign reserves of $3.6 billion at end of June were insufficient to cover Sri Lanka’s annual foreign debt servicing
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Banks expect loan demand to surge
Credit standards held steady in the second quarter after significant tightening last year
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Nasdaq partners with major banks
Platform will manage private company stock transactions such as tender offers, auctions and investor block trades
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Bitcoin slips below $30,000
Regulators continue calls for tighter checks on cryptocurrencies
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Pakistan’s renewable share to increase to 7%
AEDB CEO says current solar and wind projects are producing 2,000MW of clean electricity
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World stocks face losing streaks as investors avoid risk
Oil prices headed for worst day since March after OPEC+ agreed to boost output
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Japan to implement new programmes in Pakistan
Aims to assist in capacity building of growing industries at federal, provincial levels
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Current account ends FY21 in deficit
Country registers $1.85b deficit due to spike in oil prices, vaccine imports
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Rupee depreciates around 1%
Drops to Rs161.48 in inter-bank market due to higher foreign currency outflow
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Steel rebar prices rise once again
Consistent increase in international scrap prices makes steel costly in Pakistan
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PC board approves transaction structure for PSM
Takes first major step towards sale of country's largest industrial unit
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MPCL acquires working interest in Margala block
Company will collaborate with MOL Pakistan to jointly perform exploration activities
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Capital Market Advisory Council meets
“Reforms will be introduced after taking input from all the relevant stakeholders”
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Market watch: Stock market dull ahead of Eid holidays
Benchmark KSE-100 index rises 38.93 points to settle at 47,873.26
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Oil slumps 6% amid OPEC+ deal to boost supply, rising Covid cases
Crude producers reached deal to increase oil supply from August to cool prices
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Global stocks on worst run in 18 months
Analyst says chances of broader lockdowns are growing amid Covid-19 surge
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Population growth and socio-economic progress
Unchecked rise in population can nullify efforts to bring millions out of poverty
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Despite price hike: Petrol and diesel still cheaper
Prices in Pakistan remain lower when compared with region and elsewhere
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From trade resilience to sustainability
Improved current account, forex reserves provides room to boost investment, exports
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Economy in recovery phase
Exports and imports grow significantly; remittances help bridge trade gap
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Financing private sector growth
Increasing private sector credit is imperative to improve business confidence
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OPEC+ plans new output policy
OPEC+ plans new output policy
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China plans cross-border payments
China plans cross-border payments
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Power generation hits fresh peak in FY21
Rises 7% on back of pickup in economic activity, industrial power package
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Kamyab Pakistan to be launched within this month
Govt will disburse Rs1.6tr in next three years to uplift under-privileged population
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Pakistani startup raises $2m in seed investment
Faisalabad-based fintech aims to create financial ecosystem for informal sector
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Pakistan refineries in upgrade phase
Many companies are making heavy investment to ramp up business
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PSX inches up in lacklustre week
Concerns over fourth wave of Covid-19 hinder market from posting exorbitant gains
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Quality seed vital for enhancing production
Minister urges scientists to develop seeds that can increase production, utilise less water
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Commerce adviser stresses focus on regional trade
Dawood says PM’s visit to Uzbekistan was successful and 71 agreements were signed