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Global stocks fall on tech weakness, dollar gains
Signs US economy’s rebound could be stalling in absence of fiscal stimulus also weigh
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Amazon bucks UK labour market gloom
Amazon says it will create further 7,000 permanent jobs in 2020
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After rains, pest damages crops in Pakistan
Experts for adopting integrated management techniques to tackle insect
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Market watch: Market soars past 42,000 in extended rally
Benchmark KSE-100 index advances 353.26 points to settle at 42,188.11
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Oil prices at one-month low on demand worries
Sluggish economic recovery from Covid-19 pandemic dent sentiments
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Foreign exchange: SBP reserves rise $71.9m to $12.71b
Central bank cites no reason for increase in reserves
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K-Electric tariff goes up by 26%
ECC also approves $142m cost to close down Roosevelt Hotel in New York
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School, college students to get tax lessons
Agreement signed between FDE, FBR
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Pakistan, Qatar Food minister calls for joint efforts
Qatar is a big market for agricultural products because its imports comprise mainly of agricultural goods
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Equity injection Telenor Microfinance Bank gets $45m
The investment by the shareholders will further strengthen the bank’s capital position
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Raising awareness FBR to give training on tax matters
he FBR would educate and train 220,000 students and 7,500 teachers through taxation syllabus
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Inter-bank market Rupee strengthens against dollar
The rupee strengthened against the dollar at Rs165.6
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Government urged to use GIDC on gas schemes
Industrialists suggest collection be utilised for stalled projects
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Hybrid wheat sowing stressed
It will enhance yield per acre, give reward to farmers for hard work
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Japanese investors keen to relocate to Pakistan
Envoy says embassy encouraging investors to invest in auto parts sector
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Cabinet for enforcing quality standards
In the meantime, quality control authority should be strengthened, say members
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Tax refund claims balloon to Rs710b
NA panel sees lack of substance in revenue authority’s reforms agenda
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‘Surplus balance must not hurt growth’
FPCCI chief says no benefit of economic stability that comes at cost of industrial growth
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Pak-Afghan trade: Illegal chamber issues certificates for exports
DGTO warns of punitive action against office-bearers of so-called chamber
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PTI govt finalises PSM privatisation plan
Decides to privatise steel mill through wholly owned subsidiary
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Market watch: Stocks rise as investors cheer lower inflation
Benchmark KSE-100 index advances 457.59 points to settle at 41,834.85
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Oil rises towards $46 on inventory drop, economic recovery hopes
US crude stocks fall by 6.4m barrels, manufacturing activity expands
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Corporate corner: PSO announces results for FY20
Covid-19 pandemic, preceded by the Saudi-Russia oil price war, brought unprecedented challenges
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Saudi envoy reviews energy projects in Pakistan
Omar Ayub Khan apprises Nawaf bin Saeed Ahmed Al-Malki on investment-friendly policies
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Inter-bank market: Rupee strengthens against dollar
IMF has asked Pakistan to end state control of the rupee
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NEPRA reserves ruling on tariff hike plea
Regulatory body heard arguments of stakeholders in public hearing
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Flights between Karachi, Addis Ababa to start soon
Envoy-designate says Pakistan hardly exports any product to Ethiopia
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Pakistan's zero-rated sectors to be charged less for gas in July, Aug
Abdul Razzak Dawood says rate fixed at $6.5 per mmbtu for gas throughout
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PVC price soars 35% from its May 2020 low
Commodity price may rise further if Hurricane Laura continues to batter US
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REAP seeks zero-rated status for rice exports
Minister for food security urges private sector to provide quality agricultural inputs
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Japan willing to step up trade with Pakistan
Envoy shows interest in importing mangoes, rice, fish and textile from Pakistan
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August: Inflation eases to 8.2% in Pakistan
Lowest level in three months comes on back of fall in prices of perishable items
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PSX becomes Asia’s best market
Bourse surges as Imran Khan-led govt successfully tackle challenges posed by Covid-19
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PTI’s debt management improves in second year
Early restoration of IMF programme may help Pakistan consolidate gains
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Market watch: Stocks rally on strong investor interest
Benchmark KSE-100 index rises 266.33 points to settle at 41,377.26
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Oil prices lifted by weaker dollar, soaring equities
US dollar falls to lowest level in over two years against basket of currencies
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Avoiding layoffs: Turkish Airlines slashes wages
No employees will be furloughed
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Pakistani exporters urged to tap Ethiopian market
Envoy-designate stresses export diversification to gain better access
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Cabinet may okay trust fund rules
Will take up proposals for investment by public sector entities in non-govt securities
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Heavy rains hamper business activities in Karachi
Restaurants suffer losses worth billions of rupees due to negligence of authorities
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Rupee recovers to two-month high
Currency gains Rs1.20 to stand at Rs166.23 against US dollar in inter-bank market
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FBR misses August tax target
Collection drops 2% during the month, highlights challenge to revenue board
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CDNS raises profits on saving certificates
Revises rates by up to 90bps in line with hike in returns from related products
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Pakistan's pharma industry contracts, blames overregulation
Drug-maker says sector in crisis as 50,000 workers have lost their jobs
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Cabinet body okays draft law for state-owned enterprises
Move aimed at stemming colossal annual losses of over Rs700 billion
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Oil prices unchanged as PM Imran rejects price hike
People are already facing high food inflation and need some reprieve, says Imran Khan
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American businessmen meet PM Imran
Commends govt policies to facilitate businesses; present their proposals
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Market watch: KSE-100 inches upward in volatile session
Benchmark index rises 54.71 points to settle at 41,110.93
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Oil hits 5-month high on supply cuts, China data
Brent crude set to close August with fifth successive monthly price rise
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Covid impact: MGM Resorts to lay off 18,000 jobs
MGM was forced to close all of its casinos