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Oil rises towards $41 on US Gulf shutdown
Producers have shut 293,656 bpd of oil output due to Hurricane Zeta
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IMF keeps govt on a tight leash
Pakistan asks IMF to relax mini-budget, tariff hike conditions
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SME stakeholders seek support
Thaver appreciated SBP for widening the definition of SME sector by including the emerging corporate sector
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Rupee strengthens against dollar
The rupee strengthened against the dollar at Rs161.05 in the inter-bank market
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Pakistan becomes importer of major agri goods
Due to government’s lack of focus on agronomy, country is now importing wheat and sugar
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PRGMEA seeks changes in regulations
Asks SBP to stop sending exporters notices for not realising proceeds
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Cement sector depicts robust recovery
Companies report significant growth in earnings for first quarter of FY21
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ECC endorses Rs1,600 wheat price
Committee fails to agree on Rs1,000-per-bag fertiliser subsidy
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Experts discuss changing trade rules
Commerce ministry official stresses need for boosting export of services
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Investors line up for Ant Group’s $34.4b IPO
Investors line up for Ant Group’s $34.4b IPO
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Sharp price gap of bezoar
Pakistan’s waste considered soft gold in China
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No change in gas prices for tandoors
OGRA keeps unchanged gas rates for domestic consumers, hikes prices for others
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Market watch: Cement sector leads stock market rally
Benchmark KSE-100 index soars 584.47 points to settle at 41,850.47
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UK self-driving car plan threatens safety
Insurance group says current technology may not be able to see debris, avoid pedestrians
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Political economy and reforms
Lack of people-centric reforms contributes to poverty, food insecurity, joblessness
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Covid and systemic economic issues
For sustained growth, country needs to improve factor productivity
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Digital tsunami is coming
Automation, innovation are critical survival skills that businesses have to learn
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Pakistan’s economy: charting the politics
Country should strive to align good economics with good politics
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Boosting economic diplomacy
It is time for Pakistan to look at issues through economic rather than security prism
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E-commerce platforms China looks into unfair competition
The operation will run until December
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Economic forecast S&P upgrades Italy debt outlook
The steps provide Italian authorities an opportunity to restart economic growth
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Dollar-denominated Zimbabwe launches new stock exchange
ZSE in creating a global platform for the trading of stocks in foreign currency
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Agriculture sector UAF gears up to support farmers
Majority of our population was associated with the agriculture sector
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Earnings of NEPRA officials soar by up to 551%
Chairman paid Rs9.97m compensation in FY20 compared to Rs1.53m in FY19
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OGRA to issue new CNG licenses
Govt has allowed private sector to import LNG
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Textile sector irked by low cotton yield
Says government’s lack of focus to enhance yield is deplorable
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Govt mulls another amnesty scheme
Offer for Pakistani nationals hiding US dollars aims to cushion dwindling reserves
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Buoyant investors push PSX past 41,000
Uncertain oil prices in the international market also took toll on the local investors
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AmEx issues dismal outlook on business travel spending
Reports slump in profit due to weak spending by its card users
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China increases purchases of US farm goods
Beijing buys over $23b in agricultural goods or 71% of target under trade deal
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Private sector urged to create jobs
Punjab finance minister tells businessmen govt is working on policies for growth
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TEVTA, BOP ink agreement
Unlike past, the strategically important MoU will provide students opportunity for entrepreneurship and skill training
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Al Baraka, Takaful firm join hands
Al Baraka is always keen to provide unique and innovative products to its customers
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TDAP to hold webinar on trade laws
The webinar would provide an overview of various regulations and laws which govern the business environment of Nigeria
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Govt urged to reduce inflation
The government should refrain from pressing the business community and take immediate steps
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SPI decreases 0.23%
The Sensitive Price Indicator (SPI) for the week ended October 22, 2020 registered a decrease of 0.23%
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IPO at PSX raises Rs3.84b
The share issue of Agha Steel Industries consisted of 120 million ordinary shares
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Engro’s profit jumps 50% to Rs15.5b
Company declares cash dividend of Rs10 per share
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Country saves $129m in pulses import
The country produced additional 76,000 tons and 53,000 tons of moong and gram pulse respectively
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Reorganisation of 7 SOEs faces hurdles
Cabinet approves grant of additional charge as CEO of state-owned units
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Court bars SSGC from hiring new staff
Issues directive after existing company employees filed case
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Power production drops 10.5% to 13,104 GWh
Fall comes as industrial, residential consumers switch to cheaper options
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Rupee at 5-month high against dollar
Extension in debt repayment for Pakistan plays pivotal role in currency appreciation
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Pakistan receives $2.7b in foreign loans
External inflows increase one-fourth compared to previous year
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World Bank okays $304m for reforms
Financing to support Punjab project as provincial tax receipts decline
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Market watch: Stocks gain slightly in volatile trading
Benchmark KSE-100 index crawls up 66.98 points to settle at 41,266
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Oil above $42 as possible OPEC+ cut extension offsets concern
Crude got support from Putin’s comments as he did not rule out extending oil output cuts
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PSMA manipulated sugar price hike with help of JDW Group: CCP report
Millers managed a decision to influence PTI govt to allow export of 1.1m tons of sugar
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Rupee strengthens against dollar
The rupee strengthened against the dollar at Rs161.82 in the inter-bank market
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PVC prices soar to highest since 2014
Spike comes after US plants halted production due to Covid-19