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Transformation to Digital Nation
Besides reducing human interaction, digitalisation enhances documentation
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Productive structure and income distribution
Highly skewed income distribution promotes luxury production while adequate distribution leads to mass production
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Tax Laws Bill: proposals & challenges
Bill may help achieve targets but several factors should be considered in advance
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Nordstrom to become private in $6.25b buyout deal
The transaction is expected to close in the first half of 2025
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WAPDA inks contract for reforms study
Initiative will lead to adoption of global best practices
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Govt drops $300m floating solar project
Power Division decides not to include scheme in IGCEP 2024-34
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Republicans accused of protecting Elon Musk
Top Democrat says provisions restricting China investments scrapped
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Starbucks' workers strike over wages, conditions
Union expands strike to major US cities, demanding better pay and work hours
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PSX sees record decline, recovers later
KSE-100 closes down 4.2% WoW as profit-taking, policy changes weigh
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Importers urge FBR to clear goods backlog at ports
Say delay can cause losses in form of demurrage, detention charges
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Dairy associations penalised for collusive practices
The penalties include Rs1 million on Dairy and Cattle Farmers Association
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Value-added industry demands export facilitation
Asks govt to frame sustainable policies for enhancing textile exports
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VW reaches deal to avert mass strikes
Volkswagen announces job cuts and capacity reductions in deal with unions to avert strikes and stay competitive.
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Experts for access to climate financing
Urge govt action to ensure affordable e-bikes with incentives-laden NEV policy
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Gold prices see major increase in Pakistan
On the international front, the price of gold per ounce rose by $21, reaching a new global high of $2,622
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Cabinet refuses to release old cars
Turns down one-off relaxation, saying import policy has been violated
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Country rapidly adopts cashless system
Payments through digital channels grow 9% to Rs36tr in Jul-Sept quarter
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Weekly inflation rate creeps up 0.38%
Food items drive increase in short-term SPI reading
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New steps bring less-than-estimated revenue
FBR collected Rs143b in Jul-Nov compared to hopes of receiving Rs491b
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Iran expects robust trade and economic ties
Consul general says both govts working on solutions to financial transactions
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Experts urge govt to take action towards sustainability
Say focus on NEVs will be pivotal in decreasing Pakistan's carbon footprint
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PSX rebounds on renewed interest
KSE-100 index surges 3.05%, driven by upbeat economic indicators
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Pakistan, China capital markets to deepen ties
Pakistan delegation signs MoUs with Chinese exchanges, enhancing capital market cooperation and investment.
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Express Media Group, 1Link launch podcast series
Aim to educate public on cyber security, banking fraud, digital transactions
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Gold loses shine, drops Rs2,000 per tola
Rupee remains largely stable at 278.42 to a dollar
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Express Media Group, 1Link, GroupM launch podcast series on financial education
Series will be available on Express News, Express Entertainment TV, and social media platforms
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Gold prices fall for second consecutive day in Pakistan
Global gold prices dropped by $20 to $2,601, causing a decrease in gold rates in local markets as well
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PSX bounces back with 3,200-point recovery after major drop
KSE-100 index rises by 3.05%
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Foreign currency reserves rise $31m to $12.08b
Pakistan's forex reserves rise to $12.08B; gold prices fall amid US policy impact and rupee dips slightly.
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Bank customers face surge in cyberattacks
Meezan Bank issues advisory, urges caution while using card online
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Olive oil production target set at 4,600 tons
Pakistan has 10m acres of land suitable for olive cultivation, twice as much as Spain
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Industries oppose gas price hike proposal
Demand tariff reduction due to lower interest rates, UFG losses
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Dhaka presses Adani to reopen power deal
Says energy supplier withheld tax benefits received from New Delhi
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Stocks plunge nearly 4,800 points
Redemptions by mutual funds, year-end profit-taking drag market down
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UAE carrier spends $2b on aircraft retrofitting
Emirates launches its first experiential travel store in Karachi, focusing on growth and opportunities in Pakistan.
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Oil marketers seek PM's intervention over margins
Caution industry is on verge of collapse due to unaddressed challenges
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Bagasse-based IPPs agree new deals
Under revised agreements, IPPs will cut tariff, leading to savings of Rs238b
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Govt takes new $300m commercial loan
Borrowing will help meet country's external financing requirement
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Oil edges higher on falling US inventories
Oil prices rise slightly due to falling US crude stocks, but gains limited by Fed's cautious rate cuts.
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BRI Green and Low-Carbon Expert Network kicks off
Launch aligns with Chinese President Xi Jinping's eight pledges for high-quality Belt and Road cooperation
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Amazon faces nationwide strike amid holiday rush
Management says most strikers are outsiders brought in by Teamsters, dismissing the union's claims
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Eurozone crypto ownership doubles in two years, mostly as investment: ECB survey
Nine percent of those quizzed said they owned crypto assets such as bitcoin or ether, up from four percent in 2022
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'Oil price cut must benefit consumers'
Centre asks provinces to take steps for passing on full impact of lower rates
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PSX sees another record single-day drop, loses around 4,800 points
KSE-100 index drops by 4.32% or 4795.32 points closing at 106,274.97 points.
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Pakistan sees decline in gold prices
The price of silver per tola increased by Rs50, reaching Rs3,350.
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Currency exchange rate: Saudi Riyal to PKR for December 19, 2024
Saudi Riyal exchange rate today stands at Rs73.94 for buying.
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ECC green-lights new EPZ in Balochistan
Approves key economic measures worth Rs48b including Rs14b for tubewell solarisation, Rs523.1m for SIFC
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Digital bill deferred despite initial consensus
Several committee members express strong reservations about rapid pace of bill's advancement, call for transparency
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G20 watchdog calls for addressing risks
Says growth in non-bank sector can pose substantial risks to financial stability
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Honda, Nissan explore possible merger
Challenges from Tesla, Chinese rivals and deepening financial trouble add urgency for closer cooperation