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Indian foreign exchange reserves reach record high of $689.24b
Reserves rose by $5.3b in the reporting week, after having risen by a total of $13.9b in the prior three weeks
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National Savings reduces profit rates by up to 1.22%
Decision comes amid speculation of further interest rate decreases in the upcoming monetary policy
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Pakistan moves to join MERCOSUR
Cabinet approves framework trade agreement with South American trade bloc
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Defence firms exempt from SOE law
SOE Act, formulated to improve governance, won't be applied to such enterprises
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Pak, Russia sign MoU for agricultural cooperation
Partnership to modernise agriculture with Russian technical support and investment
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Rate cut optimism propels PSX higher
KSE-100 index advances 365.82 points, settles at 79,017.62
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Pakistan resolves IMF issues to unlock $7 billion loan
Board scheduled to meet this month, 37-month deal will mark beginning of a new journey
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Reputed global firms designing new notes'
SBP says banknote designs that won art competition have not been shortlisted
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Tarbela Dam turns 50
Tarbela Dam marks 50 years of supporting Pakistan's agriculture, flood mitigation, and clean energy generation
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Business leaders criticise SBP's 2% rate cut
Trade bodies demand single-digit rates, citing high costs and financial strain
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Blue economy offers path to growth, says Ishaq Dar
Govt targets fisheries, maritime trade, offshore resources to boost economic resilience
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Oil prices climb 1% on US output concerns
Oil prices rose 1% as Hurricane Francine disrupted US output, but demand concerns kept gains in check
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SBP reserves continue to rise
Touch new 26-month high at $9.46b, help rupee recover
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SCO calls for countering protectionist measures
SCO ministers focus on countering protectionism, fostering innovation, and strengthening trade ties within the region
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India's August retail inflation stays below 4% for second consecutive month
Soaring vegetable prices undermine expectations for a dovish approach in the upcoming monetary policy meeting
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Petrol prices expected to drop once again
If confirmed, this would mark the third consecutive bi-weekly drop in prices of petroleum products
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IMF pressure halts new EPZ plan
Govt withdraws Balochistan EPZ proposal, approves funds for SCO summit
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Australia's Rex Airlines accused of stealing planes from Arizona boneyard
Rex agreed to purchase planes for $US2 million, paying a $200,000 deposit but failed to make further payments in 2020
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HCSTSI criticises govt inaction on IPP contracts
Warns that rising electricity bills threaten industrial survival, economic collapse
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Govt to dissolve National IT Board, set up new body
Confusion in official circles as authorities debate cost-cutting and digital economy goals
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Govt withdraws Rs250 million infrastructure grant
Funding had earlier been approved for private foundation's project by using taxpayers' money
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PSX tumbles by 634 points on investor caution
Settles at 78,651.79 on concerns over privatisation, IMF terms, and SBP policy announcement
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Access to higher education
Punjab's CM Honahar Scholarship 2024, Rs7 billion, supports 30,000 students, including those at private universities.
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IMF board to review Pakistan’s $7b loan on September 25 after key conditions met
IMF spokesperson says successful implementation of 9-month standby arrangement had stabilised Pakistan’s economy
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Deregulate sugar, wheat markets: FPCCI
Agriculture committee says free trade mechanisms needed to boost competitiveness, curb inflation
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BF Biosciences to raise Rs1.93b in upcoming IPO
BF Bioscience to raise Rs1.93 billion through PSX IPO for expansion and export plans, offering 25M shares at Rs55-Rs77
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Power struggles in climate ministry
Controversy surrounds reinstatement efforts of official accused of misconduct
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Visa eyes 10-fold rise in Pakistani acceptance
Partners with 1Link to streamline remittances, encourage digital transactions.
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Visa targets ten-fold increase in digital payment acceptance across Pakistan
Visa investing in building digital payment infrastructure in the country to make process less costly, more manageable
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US inflation holds steady: CPI rises 0.2% in August 2024
The annual rate, the slowest since February 2021, falls short of economists' 2.6% projection.
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Gold prices soar to record Rs264,000 per tola in Pakistan
The price of 10 grams of gold rises by Rs1,972 to reach Rs226,337.
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Electricity rates increased by Rs 1.74 per unit
The rise in electricity tariffs will affect all major utility consumers across Pakistan.
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Nestlé waters agrees to pay $2.2 million to resolve criminal allegations in France
The settlement brings end to two separate investigations focused on illegal drilling practices and consumer deception
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Govt to launch 10-year Sukuk to raise Rs6.54tr
SBP to help raise additional Rs6.29tr by auctioning T-bills, PIBs to banks between Sept and Nov
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Govt accepts IMF bar on new SEZs
Will not set up new special zones, withdraw existing incentives after expiry
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Car sales surge 28% in August on new variants
Passenger car sales hit 12,274 units; Sazgar Engineering leads with 606% growth
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Stocks rally over remittance boost
KSE-100 index spikes 671.73 points, settles at 79,286.74
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Rupee partly recovers as import pressure eases
The currency has remained largely stable in the range of Rs278-279/$ over the past five months.
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Industrialists call for urgent interest rate cut
Urge SBP to reduce interest rates by 4%, introduce SME-focused financial packages
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Govt fast-tracks transfer of projects
Ongoing PWD projects in Islamabad will be reassigned to the CDA and relevant ministries.
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Chinese businesses look for trade in minerals, steel
Invite Pakistani investors to also explore opportunities in China
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ECC uncovers violations in export
Ministry accused of ignoring committee's conditions to favour sugar millers
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EU antitrust chief wins against Apple, Google
Court backs crackdown on Apple's tax deal, Google's attempts to stifle rivals
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PIA privatisation process to conclude by October: Khawaja Asif
Khawaja Asif confirmed the finalisation of PIA’s privatisation, citing heavy debt as a key reason for the decision.
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Gold prices rise globally and locally amid market shifts
Local gold prices rise by Rs.1,300 rupees per tola, reaching Rs.261,700.
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CCP okays acquisition of shares in coal firm
Transaction set to contribute to broader development of energy infrastructure
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Remittances soar to $3b in Aug
Mark 40.5% rise from last year; attributed to surge in overseas employment
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Thar coal termed game changer for economy
It will cut electricity cost as coal worth $6b imported in last 3-4 years