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Pandemic boosted e-commerce in 2020: UNCTAD
Study based on data from seven countries that make up two-thirds of online trade
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LNG cargoes diverted from India
Six LNG tankers re-routed as Covid crisis dampens domestic demand
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RDAs to be converted to digital banking
SAPM says govt trying to discourage overseas Pakistanis from using hundi/hawala
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Government prioritises power projects
Move aimed at executing Indicative Generation Capacity Expansion Plan
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Oil holds near $67 as demand hopes balance India concern
India reported more than 300,000 new coronavirus cases for 12th straight day
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Market watch: Inflation hike dents investor interest at PSX
Benchmark KSE-100 index drops 186.15 points to close at 44,076.20
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New oil refinery policy – a review
Policy should continue for long time to attract good quality FDI
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Coping with stagflation
Long-run solution to stagflation is increase in productivity of factors of production
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Economy doing well but political stability missing
If political polarisation grows, hopes for 3% economic expansion will fade
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Evolving trend in Pakistan’s trade
Improved trade facilitation, digitalisation of procedures will be critical to reducing costs
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Why govts cannot control inflation?
In absence of inflation-led growth, it will be very hard to show economic progress
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Crypto firms added to AML rules
Crypto firms added to AML rules
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Industrial sector to cut 15-20% jobs after Eid
Slowdown in industrial production due to third wave of Covid-19 to fuel lay-offs
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Inflation skyrockets to 11.1% in April
Increase comes on back of surge in food prices
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Stocks falter as lockdown fears loom
KSE-100 index decreases 445 points amid growing cases of coronavirus
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Pakistani beef on bumpy road to China
Beijing eyes FMD free meat and dairy products for import
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Investors look beyond Covid crisis
Indian financial markets struggle as world’s worst Covid-19 crisis engulfs country
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Traders lambast 10-day suspension of businesses
Say closure of factories, businesses will have serious economic and social consequences
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Bitcoin rises 6.54% to $57,098.08
There has been growing retail and institutional investor acceptance of digital currencies
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Power Division stresses caution on hefty power taxes
Says high taxes and capacity payments are contributing to rising circular debt
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IT sector seeks urgent policy
Looks to ease pressure on telecom networks for delivering high quality service
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PIA’s net loss contracts 55%
Reduction comes on back of limited flight operations, low jet fuel prices
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Tarin for consolidating fragmented businesses
Says govt will provide targeted, sustainable incentives to business community
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SBP asks banks to rationalise loan fee
Applicants applying for housing loans are being charged exorbitant processing fee
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First shipment made to Uzbekistan under TIR
Consignment, routed through Afghanistan, consists of herbal medicines
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$400 million loan agreement for K-P signed
Funding will help improve resource management for educational, health services
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Indirect taxes drive FBR revenues
Revenue board collects Rs3.78tr in 10 months due to increased reliance on sales tax
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Market watch: KSE-100 ends rollover week in red
Benchmark index falls 600.76 points to close at 44,262.35
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India demand worries knock oil prices from six-week highs
Crude prices also come under pressure from slowdown in China’s factory activity growth
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Indus Motor posts 35% surge in earnings
Profit rises on back of increase in sales volume, currency appreciation
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Ukraine business delegation to visit Pakistan in June
Members will hold B2B meetings, explore joint venture opportunities
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Consumer confidence deteriorates in 1QCY21
Strict restrictions in wake of rise in Covid cases hit consumer trust
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Pakistan’s REER index hits equilibrium
Further gain in rupee, inflation may make exports uncompetitive
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Islamabad, Riyadh to ink loan deal
Discussion will take place on $500m loan during PM Imran’s visit next week
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Govt keeps petroleum prices unchanged
Cumulative revenue impact of the decision will be Rs4.8 billion
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PPL’s profit falls 15% to Rs12 billion
Drop comes due to contraction in sales and other income
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Govt to merge AEDB and PPIB
Move aimed at improving ease of doing business in power sector
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PIEDMC awards Rs8.5b contract
PIEDMC awards Rs8.5b contract
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Privatisation minister reviews progress
Privatisation minister reviews progress
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Rupee strengthens against dollar
Rupee strengthens against dollar
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SBP reserves rise $384m to $16.4b
Central bank cites no reason for increase
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Oil rises as bullish demand outlook offsets India concerns
Both crude contracts climb for third consecutive day
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Market watch: KSE-100 falls below 45,000 amid sell-off
Benchmark index drops 196.01 points to close at 44,863.11
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Foreign exchange: SBP reserves rise $384m to $16.4b
Central bank cites no reason for increase
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Tarin seeks help to steer recovery
Says economy showing signs of growth, but external support needed to maintain momentum
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PTI govt withdraws Rs7,500 prize bonds
Bonds will not be encashed or redeemed after December 31, 2021
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Rupee strengthens against dollar
The rupee strengthened against the US dollar at Rs153.88 in the inter-bank market
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Asad Umar urges traders to follow SOPs
Says reduction in virus cases will help govt consider easing curbs on businesses
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Govt makes changes in transmission line deal
Minister says 660kv HVDC Matiari-Lahore project will bring stability to system
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IT minister seeks Korea’s help in phone production
Urges Seoul to invest in Pakistan as atmosphere is conducive for investment