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Global turmoil as Britain votes to leave EU
The vote will initiate at least two years of divorce proceedings with the EU, the first exit by any member state
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KSE-100 index falls 2% in early trade on Brexit volatility
Traders say banking and oil stocks leading the decline
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Foreign currency: SBP’s reserves increase 1.6% week-on-week
SBP-held foreign exchange reserves had increased 3.1% on a weekly basis on April 1
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MOL announces second gas find in one week
It has taken total number of discoveries in Tal block to nine out of 15 wells
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Modaraba Ordinance 1980: SECP issues draft bill of amendments
Changes aimed at promoting Islamic financial services, strengthening Shariah compliance
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Security worries again: Business community expresses concerns
FPCCI alarmed by law, order situation in financial capital
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Empowered: Advisory board to regulate tariffs of shipping lines
Decision comes after shipping lines, terminal operators demanded excessive charges
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Market watch: Bank, fertiliser sectors help in minute recovery
Benchmark KSE 100-share index gains 88.63 points
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Indian envoy calls for enhancing bilateral trade
Says cost of doing business for entrepreneurs should also come down
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Dar confident of reserves crossing $22b mark
World Bank representative Anthony Cholst said the Bank will continue economic cooperation with Pakistan
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‘Crescent Star Insurance raised capital deceptively’
SECP finds there was ‘established misstatement’
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SBP issues cyber security guidelines
Include regular independent testing, contingency planning
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Pakistan awards $2 billion LNG pipeline contract to sanction-hit Russian firm
Company will set up a special purpose vehicle to stave off impact of US curbs.
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Raw material: Tractor industry calls for cut in import duty
Believes sales tax reduction will revive the industry
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Economist points out policy shortfalls
Stresses need for bringing down sales tax to single digit to boost exports
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July-May: Govt outpaces private sector in bank credit uptake
Loan growth for govt was 19.3% against 7.9% for private sector
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Market watch: Stocks fall after positive opening
Benchmark KSE 100-share index drops 266.05 points
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CPEC: Gilgit-Baltistan to be declared free trade zone, says Dastgir
Trade processing zone to be established near Gilgit city
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NEPRA gives nod to power import at 9.41 cents per unit
Pakistan is expected to start receiving electricity from 2019
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TAPI gas pipeline: Turkmenistan in talks with Siemens for purchase of compressors
Compared to US firms, the German company offers better price and quality
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Pakistan records 16% increase in mango exports
Exported 28,000 tons in first month of the season
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World Bank approves $1.02b package for Pakistan
It includes policy loan, credit for reducing floods and droughts, loan guarantees
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Kissan package is worth Rs30b, not Rs341b
Over three dozen ruling party lawmakers are said to be united against govt’s economic policies, threatening to...
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Engro Fertilizers CEO says Rs390 cut expected
Rs50 to be borne by manufacturers, remaining to come from govt and reduction in GST
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Current account deficit swells up to $2.5b
Falling exports are offsetting decrease in value of oil imports
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Rs70 million earmarked for defence expo
Funds also approved for fisheries, women entrepreneurs, upgrade of textile units in Sialkot.
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Commerce minister irked at import tariffs
Says current policies of FBR and import duty key reason behind falling exports.
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SSGC asked to utilise idle capacity of LNG terminal
ETPL is currently handling 400 mmcfd against capacity of 600 mmcfd
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Market watch: Index ends negative as lacklustre trading continues
Benchmark KSE 100-share index falls 54.51 points.
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Branchless banking: About 2.1m accounts added during Oct-Dec quarter
Average value of transactions, however, slipped by 8.4% to Rs4,784.
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PICIC, Crescent Star Insurance deal back on track
Both are among smaller players in the country’s non-life insurance industry .
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Govt targets big firms with big advance tax bills
FBR has to collect Rs263 billion in nine days to meet outgoing fiscal year’s target.
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40% Pakistanis live in poverty
Balochistan fares the worst among the provinces: MPI report
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Entrepreneurship: 21 delegates to represent Pakistan
They will be joining more than 700 entrepreneurs from around the world
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Budget 2016-17: PBA disappointed with FBR for ignoring proposals
Association expressed concern over extension of 4% super tax on banks’ income
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Taxpayer refunds: FBR rejects tax ombudsman report
Stresses finance minister is not controlling refund payments
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Market watch: Stocks break positive streak, succumb to selling pressure
Benchmark KSE 100-share index falls 307.12 points
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China eases rules for Pakistan’s banks
HBL will be first South Asian bank to open a branch in China
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Challenges: APTMA urges cotton export to India be put on hold
Says export is against the interest of domestic textile industry
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Pakistan, Azerbaijan agree to ink energy deals
These will be modelled on the LNG import agreement with Qatar
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Corporate results: SSGC losses swell 87% to Rs9.37 billion
Surcharge payment, increased financial cost cited as main reasons
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ADB to invest in CPEC, Gwadar city projects
ADB vice president says CPEC, special economic zones need huge finances that it can complement
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Despite rising economy, Pakistan still hampered by image problem
Pakistan's currency is stable and foreign exchange reserves have jumped to all-time highs
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Construction of industrial free zone in Gwadar begins
Chinese firm is spending US $2 billion for construction of roads, provision of electricity, gas and water
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Good, bad and ugly sides of budget 2016-17
After meeting Rs1.8tr debt servicing cost, govt is left with just Rs977b
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The cotton import and growers’ issue
APTMA, farmers on opposing side as govt blames low growth on poor crop
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Budget 2016-17: Rising costs not addressed by budget
Study reveals dearth of research to gauge inflation holistically
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Pakistan’s pursuit: Making FTAs more effective
They are tools for facilitation of trade between participant countries
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PTA and the latest spectrum auction
Scant interest reveals how timing was a result of poor decision-making
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MSCI reclassification: Has the stock exchange become more vulnerable?
With massive inflow of foreign funds in secondary market, Pakistan now more susceptible to crashes