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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
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World’s largest IPO wins final nod
Ant is set to conduct price consultations for the Shanghai offering on Oct 23
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SBP reserves rise $268m to $12.06b
Increase comes on account of govt’s official inflows
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Pandemic delays USC automation
PM voices concern; process will now be completed by June 2021
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SBP plans steps for boosting exports
Mulls allowing exporters to form joint ventures, acquire warehouses abroad
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Adviser calls for broadening tax net
Stresses need for formulating proposal for liaison between NADRA, FBR
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Nearly 8,000 refund claims processed
Automated duty drawback system to create hassle-free environment for exporters
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Work on special technology zones under way
IT ministry official says such zones will facilitate foreign investors
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Pharma sector regrets lack of support
Stakeholders demand measures similar to those taken for Indian pharma industry
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Market watch: PSX snaps four-day rally on profit-booking
Benchmark KSE-100 index decreases 336.9 points to settle at 41,199.02
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Oil struggles to recover after US gasoline stock build
High inventories signal deteriorating demand outlook as virus cases soar
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Foreign exchange: SBP reserves rise $268m to $12.06b
Increase comes on account of government’s official inflows
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Govt enhances wheat support price by over 14%
ECC okays Rs16.5b supplementary grant to raise special force to protect CPEC projects
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Rupee strengthens against dollar
The rupee strengthened against the dollar at Rs162.13 in the inter-bank market on Wednesday
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WAPDA plans to build Rohtas dam
Reservoir will help mitigate floods, store floodwater for agricultural use
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Debt payoff initiative yields Rs1 billion
Out of 26 properties, 23 were auctioned that fetched Rs1.1b
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Engro Fertilisers’ profit jumps 111% to Rs7b
Lower-than-expected effective tax rate lifts earnings
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Govt approves directors for PIACL board
Endorses nomination of 10 board members for a period of three years
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Current account: Surplus hits 17-year high
It remains in surplus for third month in a row at $73m in September
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Bank plans angel investment fund
Wants to develop viable structure for increasing lending to housing sector
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TEVTA initiates skills programmes for youth
Aims to create employment opportunities for youth of K-P
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Businessmen demand cut in policy rate
Say it will revive the economy and boost business and trade activities
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Govt creates economic outreach roadmap
PM aide says efforts under way to identify Pakistan’s comparative advantage
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Ministry withdraws Rs70b Covid-related scheme
CDWP approves two other coronavirus-related projects worth Rs8.2b
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Market watch: KSE-100 rises above 41,500 in smart rally
Benchmark index gains 579.34 points to settle at 41,535.92
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Oil slips as US inventory build stokes fears of supply glut
Spike in global Covid-19 cases fuels fears of stalled oil demand recovery
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Trump records show Chinese business pursuits and bank account: NYT
As the US president attempts to portray election rival Joe Biden as weaker on Beijing
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Pakistan’s current account balance recorded a $73 m surplus in Sept: PM Imran
Says country’s economy heading in right direction
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Russia expresses keen interest in NSGPP
President Putin wants Pakistan to initiate work on the project at the earliest
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Public awareness drive by SBP unit
DPC provides protection of up to Rs250,000 per depositor per bank to all eligible depositors
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Inter-bank market: Rupee strengthens against dollar
The rupee strengthened against the dollar at Rs162.28 in the inter-bank market
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Online shopping starts falling
Digital platforms voice hope buyers will return with passage of time
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POL’s profit falls 5% to Rs3.7b
Decrease in sales of exploration firm pushes down earnings
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SSGC allowed to lay gas pipeline
Company will complete 17km pipeline in two to three months at cost of Rs2 billion
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China to invest in Pakistan’s Digital City
Official says Digital City project is presently in planning stage
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Circular debt jumps to Rs2.1tr
NEPRA report cites high losses, power theft and low recoveries as reasons
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Farmers call for protecting Basmati rice
Demand measures for promotion of rice variety in, outside of Pakistan
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Experts stress need to promote olive cultivation
Say crop will enhance income of farmers and eliminate poverty
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Govt borrows to repay debt: report
Total debt and liabilities swell by Rs14.7 trillion in two years
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Market watch: Declining political noise sends KSE-100 soaring
Benchmark index rises 616.41 points to settle at 40,956.58
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Oil steadies but coronavirus, supply pressures remain
Crude contracts have been trading in $2-2.5 per barrel range for two weeks
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Public-private tie-up stressed
Ex-FPCCI vice president MA Jabbar said the available data related to poverty level in the country needs to be updated
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Inter-bank market: Rupee strengthens against dollar
The rupee strengthened against the dollar at Rs162.37 in the inter-bank market
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USF board approves Rs5.1 billion contracts
Objective is to provide hi-speed mobile broadband in provinces
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State Bank spends Rs1.3 trillion during Covid-19 pandemic
SBP disbursed aid under financing packages, for medical facilities
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Ministry working to curb power theft
Ayub urges provincial govts to play due role in tackling menace
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Karachi exporters to get LNG at lower cost
Cabinet approves package under which industries will receive LNG at Rs930 per unit
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Wheat support price decision put off
Govt delays 25% price increase due to inflationary implications, political uncertainty
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Vaccine hopes drive stocks higher
Vaccine hopes drive stocks higher