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Rupee up slightly on robust remittances
Foreign currency inflows rise in contrast with expectations of decline
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Govt clears Rs82b circular debt to OGDCL
Approves repayment of interest totalling Rs92b in 12 equal instalments starting July’25
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Oil, banking sectors continue to fuel bull run
KSE-100 index gains 252.61 points, settles at 78,528.25
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Foreign firms send record $918.1m abroad in May
SBP clears backlog amid stable forex reserves, bolstering investor confidence
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Hyderabad faces crisis as LPG shortage hits
Industrialists demand urgent action on LPG supply, licensing amid shop closures
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KE tariff may increase by Rs10.68/unit
CFO says without efficiencies, KE’s tariff could have been up to Rs17 higher
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PSX surges 252 points, continues bullish trend
100-index closes at 78,528.25 points with trading volume at 283.54 million shares
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Currency market sees improvement in Pakistani rupee
US dollar fell by 2 paisa to Rs278.38 in the interbank market and by 9 paisa to Rs280.18 in the open market
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PM’s Rs200b industrial package in doldrums
IMF objects to power rate cut for commercial users, wealth tax
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‘Skill development key to poverty alleviation’
BISP chairperson tells Bill Gates economic empowerment is prerequisite to success
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Govt asked to swiftly develop digital infrastructure
Businessmen underline need for learning from China digital model
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Public-facing apps are major cyberattack targets: report
Experts warn businesses to strengthen cybersecurity measures
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Rupee hits 2-week high on better dollar supply
Stands at Rs278.40/$ as experts warn of potential devaluation post-Eid
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Stocks surge as bulls stage comeback
KSE-100 index gains 335.07 points, settles at 78,275.65
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Govt raises Rs908b in new debt via T-Bills, PIB
Banks had offered financing worth Rs1.68tr suggesting ample liquidity
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OGDCL to harness geothermal energy
Collaboration with SLB aims to enhance oil and gas exploration, reduce emissions
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SIFC reviews smartphone financing hurdles
Directs IT ministry to conduct due diligence, consult stakeholders and experts
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Govt to abolish tax on banks’ profit
FM to get NA approval on Friday; not ready to reverse tax hike for salaried class
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Rethinking taxation: A call to support Pakistan's talented professionals
Explore why the current approach to taxation of salaried employees must be re-evaluated
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Ogra act amendment to bring $200m
Pakistan is seeking financing from Qatar for injection into LNG terminal
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KE seeks Rs10.69/unit power price hike
Aims to offset losses; NEPRA to conduct public hearing on June 27
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PSX faces post-budget pressure
KSE-100 index dives 291.51 points, settles at 77,940.58
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Pakistani envoy invites US investment
Highlights opportunities in IT, energy, agriculture, and mining
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ABC urges govt to rethink tax policy
Multinationals warn 25% advertising disallowance will hurt investment, stifle growth
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Exporters reject 29% tax on export earnings
Warn of serious economic consequences if fixed tax regime is abolished
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Carpet makers threaten to shut business
Term withdrawal of fixed tax regime unacceptable, unfair
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Aurangzeb cuts development budget amid criticism
Rs250b budget cut, Rs15b tax withdrawn to secure PPP support
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Govt seeks Rs34.6tr borrowing
Allocations for state organs surge by up to 63% despite dire fiscal conditions
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KSE-100 index leads as Asia’s best-performing market
KSE-100 index outperforms other Asian markets, posting a 27% gain in dollar terms this year
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Retail sector faces decline on higher taxes
CAP urges govt to maintain 15% GST rate, support digitalisation to stabilise industry
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‘Huawei to provide IT training to 200,000 youth’
Minister for IT Khawaja highlighted the government’s commitment to promoting Information and ICT
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Rupee hits three-month low as dollar demand spikes
Currency drops after SBP reported C/A deficit for first time in 4 months
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PSX tumbles on dismal data, economic gloom
KSE-100 index dives 578.40 points, settles at 78,232.10
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Chinese auto giant to sell EVs in Pakistan
Enters into partnership with Hub Power for acquiring essential infrastructure
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Cement dispatches plummet 18% in June
Marks first time in 30 years that local cement sales have declined for 3 consecutive years
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HESCO privatisation sought
Outages, corruption, and rising tariffs drive calls for outsourcing
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PSO to fund $1.5-2 billion investment with debt
Hopes to improve liquidity condition as receivables surge to Rs810 billion
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Concern over delay in hiring KoFHA MD
Cabinet directs maritime ministry to complete task in one month
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Senate rejects tax hikes for workers
Proposes exclusion of independent spouse’s assets from wealth statements
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LPG jacked up by Rs50 per KG
Cost of domestic LPG cylinder increases by Rs600, now selling at Rs3,370 instead of official Rs2,770
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Finance Bill 2024: Senate proposes slashing indirect taxes by 50%, halt GST hike
Upper House proposes raising minimum wage to Rs45,000, providing extra allowance for persons with disabilities
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The elephant in the room
NFC Award, 18th Amendment lead to undesired outcomes for federal govt
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Reforming without restoring trust
There is sheer absence of governance and long-gone trust between govt and businesses
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Mayday call for textile sector
Decades of negligence, energy price hikes place industry on ‘ventilator’
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Could a poorly-crafted budget be the end of the IT boom?
Eminent voices warn of impending crisis as policy failures threaten digital prosperity and brain drain
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CPEC 2.0: Can Pakistan learn from Shenzhen?
Before answering that, it is essential to examine the factors driving Shenzhen’s transformation
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‘Made in Pakistan’ mobile phones meet 95% demand
Domestic production saves 15-20% forex as nearly all global brands now locally assembled