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PBF urges PM to reduce tube well tariff
Proposes reduction from Rs10 per unit to affordable rate similar to industrial sector’s
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CPEC opens doors to tech-driven initiatives
IT minister says digital technologies will unlock new avenues of growth, job creation
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Cement dispatches drop by 12.58% in June
Industry calls for policy revisions as domestic demand declines
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Rupee falls slightly on pent-up dollar demand
In FY24, currency gained 2.75% vs dollar; its first appreciation in three years
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Petroleum demand hits 18-year low
Economic slowdown cited as reason while govt collects Rs1 trillion in levies
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Govt opens backdoor for public hiring
Cabinet limits monetary benefits for bureaucrats to Rs1m annually for board meetings
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UK shop price inflation drops to lowest since October 2021, retailers report
Annual shop price inflation slowed to 0.2% in June from 0.6% in May, the lowest increase since October 2021, says BRC.
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South Korea's inflation falls to 11-month low as supply pressures ease
Consumer inflation to stabilize around mid-2% in H2, vows vice finance minister.
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World Bank Group launches $20 billion annual guarantee initiative
World Bank Group aims to boost guarantees to $10B this year, significantly expanding MIGA's $30B balance sheet.
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Govt misses annual inflation target
Inflation stands at 23.4% in FY24, higher than 21% goal, despite choking economy
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Modest CPI, IMF talks propel PSX higher
KSE-100 index gains 379.37 points, settles at 78,824.33
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Petroleum dealers reject strike call
Say strike unnecessary as no tax has been slapped on fuel retailers
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SMEDA launches 10-year cluster-based plan
Plan targets five SME sectors for growth in exports, employment
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Experts call for using new seeds as per climate change
Say increase in temperature reduces agricultural produce by 20%
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Railways increases freight charges by 3%
Earns 40% higher revenue at Rs88 billion in FY24
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Foreign investment in T-bills rises
Investor confidence grows over high returns, stable rupee-dollar exchange rate
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Huawei likely to pump $400m into data, cloud centre
Agrees to train 200,000 Pakistani youth in IT annually
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OGDCL to boost local oil and gas production
State-owned company says increased production from Karak well will offset national import bill by $59.85 million
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PSX surges by over 600 points as index crosses 79,000
Benchmark sees a high of 0.74% during intra-day trading, up from 78,445 points as per last week's close.
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Digital transformation starts with electricity bills
Utility bill payments through internet, mobile banking grow 271% in five years
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Three ways to transform farming
Green Revolution based on knowledge-intensive agriculture is in hands of youth
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FDI: a double-edged sword
Not all FDI is good; the sooner PM understands this, the safer it will be for economy
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Socio-economic implications of budget
With rising prices for food, fuel and utilities, many households are struggling to make ends meet
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Fiscal gap: real elephant in room
Policymakers must strike balance between debt servicing, essential expenses
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ECNEC postpones $6.7b ML-I project
Approves new Gwadar airport, KKH projects amid financial concerns from China
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Are Chinese EVs the latest target in the trade war?
Like US, the EU has slapped heavy tariffs on Chinese electric vehicles, a move like to harm Euro stakeholders equally
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CCP approves textile yarn merger
Nova Frontiers Ltd acquires 29.43% shareholding in Gatron (Industries) Ltd
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PSX remains range bound amid mixed signals
KSE-100 index loses 366 points, or 0.46% WoW, settles at 78,445
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China, Pakistan form digital education alliance
It will foster skills development, make Islamabad digital education hub
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Cross-subsidy to hit exports
Millers call it violation of rules designed to protect consumers
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Minister orders quality, price control on urea
Hussain mandates toll-free numbers to aid farmers
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Traders urge PM to withdraw SRO 350
Argue they have not been able to file monthly tax returns on time
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PSX rises to global prominence in FY2023-24
Achieves unprecedented gains; market capitalisation hits record high of over Rs10tr
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Railways struggles on track
Experts say mismanagement, lack of investment, interference led to decline
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Tech boom drives global markets in first half of 2024
30 percent of the S&P's returns this year have come from tech giant Nvidia alone
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Dar becomes alternate chairman of ECNEC
Will chair first ECNEC meeting today to consider mega development projects
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CCP targets beverage manufacturers
Fifteen companies under investigation for deceptive marketing practices
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PTCL gets $400m financing for Telenor acquisition
IFC-led consortium supports major telecom deal
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Weekly inflation declines amid drop in food prices
Short-term inflation eases after four-week climb
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PSX ends fiscal year flat amid profit-taking
KSE-100 index finished down by 83.29 points, settles at 78,444.96
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Ushr tax proposed for agricultural land
FPCCI agri-body demand sales tax break for farming inputs
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Rupee appreciates 2.75% in FY2023-24
Marks first appreciation after three-year decline despite future fiscal challenges
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Experts call for palm oil cultivation
SAU leads experiment to boost domestic production, urge need for marketing mechanism
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Govt mulls selling LNG in spot market
Works on proposal to seek permission from LNG supplier Qatar
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Traders announce nationwide protest against electricity bills on July 1
APTA warns federal govt to abolish additional taxes by June 30 or face further actions
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PM intervenes to maintain 15% tax on bank profits
New tax measures, over the Rs1.5tr imposed on June 12, to be announced today
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ECC defers pension cuts on legalities
Okays new scheme for civilians; pension bill now 4th-largest budget expense