Business
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10PM Imran Khan lays foundation stone of business district in Lahore
PM Imran Khan laid the foundation-stone of the first-ever Central Business District project of Pakistan, at the Walton Airport site. In order to ease doing the business in Lahore, PM Imran...
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21ECO freight train to resume operations after nine years
After a gap of 9 years ECO freight train is going to be resumed on 4th March between Istanbul-Islamabad. The train that connects businesses...
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17ITFC loans $1.1bn to Pakistan for oil and LNG imports
A member of the Islamic Development Bank Group, ITFC has agreed to loan $1.1 billion to Pakistan for oil and LNG imports...
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23Malaysia keen to promote trade with Pakistan: envoy
Malaysia has shown its keen interest to promote trade with Pakistan as Ikram Bin Muhammad Ibrahim, High Commissioner of Malaysia in Pakistan said that...
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4261% of Pakistani entrepreneurs enjoying good business conditions: Gallup survey
In spite of the fact that covid-19 has drastically affected the business community in Pakistan but as per the statement of 61%...
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4127pc drop in foreign direct investment
State Bank of Pakistan reported that during the first 7 months, foreign direct investment (FDI) fell by 27 percent compared to the same...
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45Pakistan and Sri Lanka ink MoUs to strengthen cooperation
Pakistan and Sri Lanka have signed multiple Memorandum of Understandings (MoUs) related to education, science, investment, technology, and industrial cooperation. On Tuesday, both countries signed...
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64Pakistani startups launch Chikoo platform to help SMEs sell online
Brandverse and eOcean, both Pakistani Startups are collaboratively going to work through the new Chikoo platform. These startups have signed a Memorandum of Understanding (MoU) for...
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57Plans for $10bn Aramco refinery in Pakistani ‘oil city’ ready by year-end
A masterplan for $10bn Aramco oil refinery project is underway and expected to be ready before the end of the year. According to...
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95Pakistan to register Himalayan pink salt
Pakistan is going to register Himalayan pink salt, extracted from the Salt Range which extends along the south of the Potohar Plateau and the...
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57Pakistan to issue Green Bond to boost renewable energy projects
In order to boost renewable energy in Pakistan, the government is planning to issue the country’s first green bond. Malik Amin Aslam,...
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68Chinese firm aims $150m industrial park in Lahore to enhance exports
The Chinese firm is all set to invest $150 million in an industrial park on the border of Lahore at Kasur. The...
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153Pakistani fintech PayPro gets Rs 7.4 million funding from USAID
PayPro, a fintech startup has announced that it had received a grant amounting to Rs 7.473 million from USAID Small and Medium...
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124Textile exports increase 8.23 percent to $8.765 billion in 7 months; 10.79 percent in Jan
Textile exports witnessed an increase of 8.23 percent during the first seven months of the current fiscal year and increased 10.79 percent...
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114Uzbekistan to invest in textile sector of Pakistan
Uzbekistan and Pakistan showed resolve to enter into a preferential trade agreement and cooperate in shipping, textile, engineering and information technology sectors....
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116Mastercard launches Pakistan’s 1st numberless debit card with SadaPay
Mastercard has collaborated with SadaPay in order to launch the Middle East and Africa (MEA) region’s first numberless and contactless-enabled card in...
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96Large scale manufacturing grows 11.4 percent in December
Large-scale manufacturing (LSM) in the country grew by 11.4 percent in December 2020 as compared to December 2019. According to the data...
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132The Impact of Covid-19 on Online Shopping in Pakistan
The outbreak of Covid-19 has changed the world and is continue to bring a significant effect on our everyday life. It has fast-tracked consumer behavior towards online shopping and has managed to...
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99Roshan Digital Accounts attract $480 million from 97 countries in five months
Foreign exchange inflows from overseas Pakistanis under the Roshan Digital Accounts have reached more than $480 million in five months. Dr. Reza...
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132Pakistani startup Safepay secures funding from US fintech giant Stripe
Karachi-based fintech startup Safepay announced raising a seven-figure seed funding round led by global financial services company Stripe, among other investors. Besides...
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164Daraz and Extreme Commerce join hands to empower local sellers
Daraz and Pakistan’s first EdTech startup Extreme Commerce have joined hands for e-commerce and digital trade. The partnership will help Daraz sellers...
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132SBP mulls relaxing FE regulations for startups to raise convertible debts
The State Bank of Pakistan (SBP) is considering relaxing rules for startups and fintech companies to raise foreign capital, as it may...
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119PTCL posts 38 percent profit growth in 2020
Pakistan Telecommunication Company Limited (PTCL) recorded a consolidated profit after tax (PAT) of Rs 3.27 billion for the year ended December 31,...
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98‘AJK has potential to become Silicon Valley and IT hub of Pakistan’
Sardar Masood Khan, president of Azad Jammu and Kashmir (AJK) has said that the youth of the region have the potential to...
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118PSX breaks 16-year record as trading volume crosses 1 billion shares
The Pakistan Stock Exchange (PSX) has witnessed a trading volume of one billion shares in a single day for the first time...
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118Pakistan offers China partnership in $9 billion PARCO coastal refinery
The government of Pakistan is going to seek investment from China for becoming a shareholder in the state-of-art PARCO coastal refinery and...
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149Pakistan launches first national investment platform for startups
Ministry of Information Technology and Telecommunications (MoITT) and its tech innovation arm, Ignite (National Technology Fund), on Tuesday launched PakImpactInvest, Pakistan’s first...
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125Pakistan ranks 3rd among countries safeguarding SMEs from coronavirus impact
Pakistan ranks 3rd in the government support provided to small and medium enterprises (SMEs) to mitigate the impact of coronavirus pandemic. According...
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176NBP branches in Bangladesh, Afghanistan to be closed
Due to the losses, the National Bank of Pakistan (NBP) has decided to shut down its branches in Bangladesh and Afghanistan. During...
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151Business community demands GI tag for more Pakistani products
The business community of Pakistan has demanded that similar to Basmati rice, the country needs to apply for Geographical Indication (GI) tag...
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126Pakistan’s exports to UK increase 22% to touch $1bn mark in first half
Exports of Pakistan to the United Kingdom (UK) has increased by 22% and crossed one billion dollars in six months, despite the...
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150For first time in 8 years, exports cross 2bn mark in 4th consecutive months
Exports of Pakistan had maintained growth and for the first time in eight years have crossed the $2 billion mark for the fourth consecutive month. Commerce Adviser Razak Dawood called it...
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179Panther Tyres raises Rs 2.632 billion through book building at PSX
Panther Tyres Limited has successfully raised Rs 2.63 billion through a two-day book building process at the Pakistan Stock Exchange (PSX). On...
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162Pakistan Stock Exchange sets 13-year record, achieved highest value shares
The Pakistan Stock Exchange (PSX) has set the record by achieving the highest value of shares traded in 13 years as it hit...
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143FBR says salaried individuals not required to update tax profiles
The ‘salaried individuals’ are not required to update their ‘Tax Profiles’ under section 114A of the Income Tax Ordinance, 2001, says FBR....
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214SBP launches an FX Portal with 11 banks for end-to-end digitalization of FX requests
11 commercial banks have been selected by the State Bank of Pakistan (SBP) in its FX Portal to provide end-to-end digitalization of...
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180Pakistan, Kuwait resolve to enhance trade, investment cooperation
Pakistan and Kuwait have expressed resolve to enhance cooperation in economic, trade, oil and gas, energy, investment, agriculture, IT, and health sectors....
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189K-Electric join hands with Avanza Solutions for real time payment system
The K-Electric (KE) has joined hands with Avanza Solutions, one of the leading fintech organizations across the globe, to implement Real Time...
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155Pakistan gets Geographical Indicator tag for its Basmati rice
Pakistan has received the Geographical Indicator (GI) tag for its Basmati rice, paving the way for creating a local registry for this...
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146Pakistan seeks $12 billion under new World Bank partnership framework
The World Bank Group (WBG) has taken the initiative of preparing a new Country Partnership Framework (CPF) for Pakistan with a possible...
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159State Bank of Pakistan denies rumors of limiting ATM cash withdrawal
On Saturday, the State Bank of Pakistan (SBP) made it clear that the ATM cash withdrawal limit was not limited to Rs...
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137BOI invites Danish investors, enterprises to bring investment in Pakistan
Danish investors and enterprises are expected to bring investment and joint ventures to Pakistan for increasing economic and trade relations between both...
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165Govt eliminates taxes on Panda bonds, Sukuk and Eurobonds
Different types of income taxes to raise around $2 billion in debt through Pakistan’s first Chinese currency-denominated Panda bonds, Eurobonds and International...
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199Sweden invited to invest in CPEC, special economic zones in Pakistan
FPCCI has pressed for an increase in bilateral economic and trade relations between Pakistan and Sweden, it also called for an increase...
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201‘Pakistan and Italy can lift their bilateral trade volume to $5 billion’
According to Italian Ambassador Andreas Ferrarese, massive potential exists for Pakistan and Italy to lift their bilateral trade volume to $5 billion....
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149Public debt of Pakistan shoots up to Rs 35.8 trillion in July-Nov
As per the report revealed by the State Bank of Pakistan (SBP), the government’s federal debt raised quickly to reach the shaky...
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126Alibaba’s Jack Ma Makes First Public Appearance Since October
The co-founder of the e-commerce giant Alibaba and renowned businessman Jack Ma made his first appearance in public who was missing since...
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152Pakistan improves 31 positions on Trading Across Border Index: FBR
Pakistan has improved its rankings in the Trading Across Border Index by 31 positions, moving up from the 142nd to the 111th,...
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143Remittances to Pakistan set to cross record $28 billion this year
Looking at the trend of remittances to Pakistan that remained above $2 billion mark for the seventh month in a row, totalling...
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248Pakistan plans alternate 350 km shorter CPEC route to connect China
Pakistan is going to have another major route connecting China under the China-Pakistan Economic Corridor (CPEC), the alternate route would be around...
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161SECP registered 20,324 new companies in 2020, up by 24pc compared to 2019
The Securities and Exchange Commission of Pakistan (SECP) registered 20,324 new companies in 2020, indicating an increase of 24 percent from 16,456...
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185Karachi-based Artistic Milliners acquires denim factory in California
Artistic Milliners (Pvt.) Limited, a Pakistani denim fabric and garments specialist has acquired a denim factory in Commerce, near Los Angeles, California,...
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186Textile exports increased by 7.79 percent to $7.442 billion in July-December
Textile exports of Pakistan have reached a historic high as the exports during December 2020 has increased by 22.72 percent. Moreover, textile...
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173Chinese Century Steel to set up first mill in Rashakai SEZ
A Chinese iron and steel firm is going to become the first foreign enterprise to establish its plant in the Rashakai Special...
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194MFSYS invests Rs 50 million in Chkar — Pakistani online vacation rental marketplace
Chkar Lodging & Experiences, an online vacation rental marketplace has raised Rs 50 Million funding in its first round of seed funding...
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209SBP declared best central bank for promoting Islamic finance
International Finance News (IFN) has awarded the best Central Bank award to the State Bank of Pakistan (SBP) in promoting Islamic Finance....
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159Moody’s improves Pakistan’s banking sector rating, forecasts 1.5% GDP growth
Moody’s improved its rating for Pakistan’s banking sector declaring the government’s credit profile as stable and projected a modest growth of 1.5%...
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231Utility Stores Corporation records Rs 100 billion annual turnover in 2020
The annual turnover of Utility Stores Corporation of Pakistan (USC) was recorded around at around Rs 100 billion in the calendar year...
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183Three startups of Karachi University students among top 10 innovative companies
Three startups of University of Karachi students have been listed among the top 10 innovative companies of Pakistan by Japan International Cooperation...
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243Ease of doing business: Pakistan up 28 places on World Bank index
Security and Exchange Commission of Pakistan’s annual report revealed that Pakistan has improved its position on the World Bank (WB) Ease of...
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256Pakistan earns $121.890 million from export of travel services in four months
During the first four months of the current financial year 2020-21, Pakistan has earned $121.980 million from the export of different travel...
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232Exporters facing big difficulty as seaport overburdens
Cement exporters are facing big problems for exporting their product due to the import of sugar, wheat, and canola on a priority...
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201‘Pakistan’s export growth indicates its efficient economic policy’
Chinese professor, Cheng Xizhong, says Pakistan’s substantial export growth is a vindication of the govt’s policy to keep economy running during pandemic....
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262KSE-100 index cross 45,000 mark for first time in 3 years
Pakistan Stock Exchange (PSX) crossed the 45,000 points mark in the KSE-100 index after a gap of three years with the share...
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174Pakistani economy expected to grow by average 1.3% over next two fiscals: World Bank
Pakistani economic growth is expected to be subdued, averaging at 1.3 percent over the next two fiscal years, said the World Bank....
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296Pakistani digital lending fintech giant Finja raises $9 million in Series A1 round
Lahore-based digital lending fintech Finja that operates with dual licenses from SBP and SECP has closed $9 million of a $10 million...
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280Pakistan’s textile sector has export orders for next 6 months
Pakistan’s textile businesses have received export orders for the next six months as the sector expands production capacity to meet robust demand...
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202Look Africa Campaign: Pakistan’s trade with Africa reached $4.18bn in 2019-20
As a result of new engagement with African countries through the “Look Africa” campaign started by the government of Pakistan, Pakistan’s trade with...
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258Companies raised Rs 35.4 billion through IPOs, Right Shares at PSX in 2020
Pakistani companies have raised interest-free investment worth Rs 35.4 billion via Initial Public Offerings (IPOs) and Right Shares from Pakistan Stock Exchange...
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289Elon Musk reveals that he once tried to sell Tesla to Apple
There was once a time when tech pioneer and entrepreneur Elon Musk seriously contemplated selling his electric car business Tesla to none...
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495British American Tobacco To Set Up Business Services In Pakistan
The British American Tobacco clarifies that Pakistan setup is being established ‘in parallel to the company’s business in Malaysia’. British American Tobacco (BAT) explained that it...
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356Pakistan posts current account surplus for 5th straight month despite Covid
Pakistan’s current account posted a surplus for the fifth consecutive month in November despite the unending fear of the second wave of...
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455FBR introduces cash back refunds of sales tax to customers of tier-1 retailers
The Federal Board of Revenue (FBR) will allow customers to get five percent cash back on sales tax paid on purchases from...
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193Bank of Punjab (BOP) becomes Market Maker for debt securities on PSX
Bank of Punjab (BOP) has become the first bank to be recognized as Market Maker for both conventional and Shariah Compliant debt...
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305SBP launches consultation process to enhance financial inclusion of women
The State Bank of Pakistan (SBP) has adopted a medium-term national target of 20 million active women bank accounts by 2023 under...
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211Pakistan credit profile shows robust long-term GDP growth potential: Moody’s
Moody’s Investors Service that periodically releases reviews of countries around the globe highlighting their credit ratings and other financial research in light...
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250PTC to create over 3000 jobs with the establishment of first BPO hub in Pakistan
Pakistan Tobacco Company (PTC) is going to establish its business process outsourcing (BPO) hub in Pakistan, which will be used to cater...
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184Large-scale manufacturing expands 6.66 percent during October
The large-scale manufacturing (LSM) sector grew 6.6 percent year-on-year during October 2020 as the construction sector showed robust recovery. According to the...
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226SECP registers 1,956 new companies in November, up by 41pc compared to 2019
The Securities and Exchange Commission of Pakistan (SECP) registered 1,956 new companies in November, indicating a year-on-year increase of 41 percent. The...
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251SBP grants SadaPay approval to begin pilot operations in 2021
The State Bank of Pakistan (SBP) has decided to give authorization to fintech startup SadaPay to initialize pilot operations next year. The...
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210Electronic transactions: FBR to regulate online import and export of goods
The Federal Board of Revenue (FBR) has decided to regulate the buying and selling of goods including digital products through electronic transactions...
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374Pak-China border via Khunjerab Pass opened for 10 days
The China-Pakistan border crossing at Khunjerab Pass has been opened to allow over two dozen stranded Pakistani containers to cross over between...
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372Global consortium and China interested in investing $8 billion in Ravi City project
Chinese companies and a global investment consortium are keen to invest $8 billion in the Ravi City project in Lahore, says PM...
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206ADB reports economic recovery in Pakistan
The Asian Development Bank (ADB) has said that the economy of Pakistan was on the path of recovery, economic activity in South...
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250Pakistan monthly exports to China witness 30% increase in November
Monthly exports of Pakistan to China witnessed an increase of 30 percent year-on-year in November 2020, improving the trade balance between both...
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232Pakistan to remain on UK trade preference list after Brexit
Pakistan would continue to benefit from the UK’s trade preferences scheme at par with the EU GSP Plus facility after the Brexit....
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333Here’s How You Can Create an Online Account With SECP to Invest in Stocks
A mechanism to allow all Pakistani resident and non-resident investors to open an online account linked to the capital market to invest...
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277Pakistan records highest-ever monthly exports of $437 million to United States
Exports of Pakistan to the United States hit a record high of $437 million in the month of November crossing the $400-million...
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355Pakistan proposes transit trade agreements among CAREC states
Pakistan has suggested transit trade agreements among the member countries of the Central Asia Regional Economic Cooperation (CAREC), leading to a regional...
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647Government discontinues Rs 25,000 national prize bonds
According to reports, the State Bank of Pakistan (SBP) has decided to discontinue the Rs 25,000 national prize bonds with immediate effect....
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302Post-COVID-19, CPEC will become trade hub, says FO
Foreign Office (FO) in a statement said that after the coronavirus pandemic is brought under control, the CPEC would blossom into a...
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228SBP report shows digital banking fast replacing conventional transactions
State Bank of Pakistan (SBP) on Thursday released its Quarterly Payment System Review for the first quarter of the fiscal year 2020-21,...
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4123 Pakistani companies make it to Forbes Asia’s 200 Best Under A Billion
Three Pakistani companies Systems Limited, Feroze1888 Mills and Searle Pakistan made it to the Forbes ‘Asia’s Best Under A Billion 2020’ list....
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381Sri lanka increases regulatory duty on Kinnow import from Pakistan
Pakistani fruit exporters are facing turmoil as the Sri Lankan government has increased the regulatory duty on the import of Kinnow from...
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276Finance Ministry’s Monthly Outlook Report Indicates Strong Economic Recovery
The Ministry of Finance in its Monthly Economic Update & Outlook (November 2020) report issued on Friday presented a strong economic recovery...
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234$8b increase in Pakistan net foreign exchange reserves since June 2019
The net foreign exchange reserves of Pakistan have increased by $8 billion since June 2019, says State Bank of Pakistan Governor Dr...
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301Deposits Cross $100 Million in Roshan Pakistan Digital Accounts
Dr. Reza Baqir, the Governor of State Bank of Pakistan (SBP) released a statement that Pakistani living in foreign countries deposited $100...
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239Bank Alfalah introduces PM’s Roshan Digital Account for expats in Dubai
Chairman of Bank Alfalah, introduced the Roshan Digital Account in Dubai, an initiative of the Government of Pakistan and State Bank of...
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2.7KBlessed Friday 2020 – Best Sales & Deals In Pakistan
A substitute for Black Friday, Blessed Friday 2020 in Pakistan is going to be celebrated on Friday, 27th November with the same ‘shopping’...
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346Traders end self-ban to resume onion export as prices drop 50pc
Traders have decided to end the self-ban and restart onion export from tomorrow, November 27, 2020, after prices stabilised in the country...
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404Pakistan improves Trading across Borders rank due to TFA implementation
According to the World Trade Organization, Pakistan jumps 31 places on Trading across Borders rank due to improvement in Trade Facilitation Agreement...
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221Pakistan exports to UK increase by 30pc, imports down by 23pc
As compared to October 2019, Pakistan exports to UK raised 30 percent amounting to $200 million from $154 million. A news report...
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194State Bank keeps interest rate unchanged at 7 percent
The State Bank of Pakistan kept the main policy rate unchanged at 7 percent, a statement by the central bank said on...
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730Strategy is to promote industrialization, create wealth, jobs, says PM Imran
The government is working on the advancement of industrialization in Pakistan which is the way to generate jobs and create wealth and...
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296SECP approves launch of first peer-to-peer lending platform
Securities and Exchange Commission of Pakistan (SECP) has given approval to the launch of a peer-to-peer (P2P) lending platform under the first...
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194Elon Musk passes Mark Zuckerberg and becomes world’s third richest person
Elon Musk, the founder and CEO of SpaceX and electric car company Tesla has leapfrogged Facebook CEO Mark Zuckerberg and has now...
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283SBP forecasts up to 2.5pc GDP growth in current fiscal year
The State Bank of Pakistan (SBP) has improved its growth outlook for the country, predicting that the national GDP will grow between...
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249Bank Alfalah Recognized as a Market Maker by PSX
Bank Alfalah has now become the country’s first commercial bank designated as a Market Maker for Debt Securities at the Pakistan Stock...
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307RCEP: 15 Asia Pacific countries sign world’s largest free trade agreement
Fifteen Asia Pacific countries signed the world’s biggest free trade deal which is seen as an enormous coup for China in order...
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268Pakistan’s textile hub revives as 50,000 shut power looms become operational
Faisalabad is currently experiencing a financial boom with the operationalization of 50,000 power looms and expecting the opening of another 30,000 units....
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287PM Imran Khan Inaugurates Naya Pakistan Certificates for overseas Pakistanis
Prime Minister Imran Khan launched the much anticipated Naya Pakistan Certificates (NPCs) for overseas Pakistanis to incentivise investment. NPCs can be obtained...
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209ADB to Provide $300 million Loan To Pakistan
In order to support the fragile foreign exchange reserves and remove barriers to imports, the Asian Development Bank (ADB) will lend $300...
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221Remittances stay over $2bn for fifth month, October grow by 14pc
According to the State Bank of Pakistan, the country’s remittances remained above $2 billion for the fifth consecutive month in October 2020....
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268Kashmiri silk carpets becomes a hit at 3rd China International Import Expo
Handmade Kashmiri silk carpets have gained popularity in China as the carpets became one of the best-selling products at the 3rd China...
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310Pakistan’s beauty startup Conatural raises $825,000 in Pre-Series A round
Lahore-based natural beauty startup Conatural has raised $825,000 in a pre-Series A round from experienced institutional and angel investors. Pakistan’s natural and...
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286SECP mulls new legal framework for digital financial assets
The Securities and Exchange Commission of Pakistan (SECP) has decided to release a directive framework for guideline and monitoring of the digital and...
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403Pakistan reopens application receiving process for Kamyab Jawan Program
The government of Pakistan restarted the application process for providing soft loans to the Pakistan youth under the Kamyab Jawan Program scheme....
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419Pakistan’s fashion e-commerce startup Bagallery raises $900,000
The Karachi-based beauty and fashion e-commerce startup Bagallery has closed a $900,000 Pre-Series A funding round from Lakson Investments Venture Capital (LIVC)....
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84311.11 Sale 2020: Pakistan’s top brands join hands for Daraz Gyara Gyara Sale
This year’s co-sponsors of the Daraz Gyara Gyara Sale are top brands like OnePlus, Xiaomi, Nestle, Unilever, P&G, Haier, TCL, Huawei, Byco...
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618Pakistani rupee becomes 3rd best performing Asian currency
On Monday, the Pakistani rupee became the third best-performing currency of Asia by reaching an almost eight-month high at Rs 158.9 against...
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300CPEC brought $25 billion of FDI to Pakistan in 7 Years
CPEC has brought $25 billion worth of foreign direct investment (FDI) to Pakistan, said the Chinese Foreign Ministry spokesperson on Wednesday. Bringing...
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226Cement Sector Records Highest Ever Monthly Despatches in October
Amid the economic revival, the cement sector has touched a record peak in October as mills dispatched 5.735 million tons to consumers....
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45411.11 Sale 2020: Daraz geared up to launch its biggest annual Gyara Gyara sale
Daraz geared up for the biggest sale event of Pakistan as the 11.11 (Daraz Gyara Gyara) is just around the corner and...
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237Trade deficit shrinks 1.88% from July to October
The country’s trade deficit witnessed reduction of 1.88 percent during the first four months of current fiscal year (2020-21) as compared to...
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320PM Imran announces relief package for SMEs with 50pc cut on power tariff
On Tuesday, Prime Minister Imran Khan announced a major relief package by reducing power tariff for Small and Medium Enterprises (SMEs) to...
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666Blitz Advertising becomes foodpanda’s offline media agency
To expand services across the country, foodpanda has awarded its $1.875 million offline media management agency for Pakistan to Blitz Advertising, an...
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453Pakistan gets textile orders from top brands Hugo Boss, Guess, Target
The textile sector of Pakistan which suffered heavily from COVID-19 restrictions is fast returning to the growth phase as it is receiving...
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342Online shopping starts falling as Pakistanis tentatively step out
The trend of online shopping has started declining gradually as almost all activities in the country have been resumed and so Pakistanis...
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391PSO reports profit after tax of Rs 5.1 billion in Q1 of FY21
The state-owned petroleum corporation, Pakistan State Oil (PSO) in its financial results for the quarter ended on September 30, 2020, revealed an...
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566China Three Gorges to become first Chinese company to list subsidiary on PSX
By the second quarter of 2021, Renewable energy company Three Gorges First (TGF) Wind Farm Private (Pvt) Limited (Ltd) a subsidiary of...
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874United States working on to introduce the ‘Digital Dollar’
With the association of the Massachusetts Institute of Technology (MIT), US Federal Reserve has begun research on the development of central bank...
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276SBP makes remitting disinvestment proceeds easier to help attract FDI
The State Bank of Pakistan (SBP) announces a new and more “transparent mechanism, with complete delegation to banks” so that remitting disinvestment...
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45310 new IPOs at PSX on the cards: Asad Umar
Asad Umar, Federal Minister for Planning, Development, and Special Initiatives said that 10 new IPOs are being planned by companies for listing...
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636Rupee at 5-month high against dollar, reducing Pakistan debt by Rs760 billion
The Pakistani Rupee is gradually gaining momentum against the US Dollar in the interbank market as it regained Rs 1.12 against the...
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258Expensive Electricity Main Hurdle to Industrial Development, PM Imran
Expensive electricity is the main hurdle to the industrial development of small and medium-sized enterprises, said Prime Minister Imran Khan. Chairing a...
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330Textile exports increase 2.92%, non-textile exports contract 5.6% in first quarter
The exports of textile commodities witnessed an increase of 2.92 percent while non-textile exports shrank 5.63 percent during the first quarter (Q1)...
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425Oppo & Haier want to invest in first Pakistan Digital City
The spokesman of Khyber Pakhtunkhwa (KP) IT Board Danish told reporters that Chinese high-tech companies including OPPO and Haier are interested to...
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342‘Great News’: Pakistan registers Q1 current account surplus of $792mln
On Wednesday, Prime Minister Imran Khan shared the “great news” that the country is heading in the “right direction” as Pakistan’s current...
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262Pakistan, ITFC sign $386m agreement for oil, LNG import
On Monday, Pakistan and International Islamic Trade Finance Corporation (ITFC) signed an agreement amounting to $386 million for the import of oil...
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254Nobel Prize in economics awarded to Paul Milgrom and Robert Wilson for auction theory
The US duo Paul Milgrom and Robert Wilson won the Nobel Prize in Economics for their contributions to auction theory. According to...
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334Govt issues foreign currency account rules to curb forex buying from open market
According to the foreign currency rules of 2020, there could be no depositing of foreign currency in any person’s foreign currency account,...
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354Rs1.4 billion disbursed under Kamyab Jawan Programme
The government has so far disbursed soft loans amounting to Rs 1.4 billion among qualified entrepreneurs under the Youth Entrepreneurship Scheme (YES)...
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396Remittances to Pakistan rise to record $7.1 billion in 1st FY21 quarter
Overseas Pakistanis sent record $7.1 billion remittances in the first quarter of the fiscal year 2021 (July to September), the State Bank...
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335World Bank predicts 0.5% growth in FY-21, poverty to increase in Pakistan
World Bank is predicting a mere 0.5 percent growth in the current fiscal year and due to COVID-induced economic uncertainty poverty may...
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680Pakistani entrepreneur opens takeaways in London phone booths
Tayyab Shafiq, 25 years of Pakistani entrepreneur has launched the smallest takeaway serving delicious Pakistani food in three used London phone booths....
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338Pakistan approves three new SEZs in Islamabad, Punjab and Sindh under CPEC
On Wednesday, Prime Minister Imran Khan approved three new Special Economic Zones (SEZs) that include National Science & Technology Park, Islamabad, JW-SEZ...
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348Govt committed to socio-economic development of Gilgit-Baltistan
Muhammad Jehanzeb Khan, Deputy Chairman Planning Commission said that the government is fully committed to achieving political stability and socio-economic development of...
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531Pakistani cotton yarn export to China rise over four times
The export of Pakistani cotton yarn to China has increased by 4.36 times to $41.836 million in August from the same period...
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669US, UK and China remain top export destinations for Pakistan during August
US is still the biggest export destination for Pakistan during August 2020, followed by United Kingdom (UK), China and UAE. In August...
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843Punjab launches Rs30bn Rozgar Scheme to facilitate entrepreneurs
Punjab government has launched one of its kind financial programme to facilitate entrepreneurs a program named as ‘Punjab Rozgar Scheme’ designed to...
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380Bykea raises $13 million in Series B Funding led by Prosus Ventures
The motorcycle-based ride hailing and parcel delivery startup based in Pakistan Bykea has raised $13 million in a Series B funding led...
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426Marble industry seeks govt support to boost exports, jobs
On Tuesday, the All Pakistan Marble Industries Association sought the support of the government for the development of the marble industry that...
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495Cotton prices increased as Pakistan receive bulk foreign orders post Covid-19
There is a spike in cotton prices as Pakistan is among the world’s top recipients of foreign orders post Covid-19 shutdown. The...
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630Businessmen keen to invest in Bundal Island, Ravi Riverfront projects, PM Imran told
On Thursday, a delegation of top businessmen of Pakistan called upon Prime Minister Imran Khan and expressed their keen interest to invest...
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412Female fitness startup AimFit raises $1 million to scale across Pakistan
Pakistani female fitness startup AimFit has raised $1 million in a seed round led by Indus Valley Capital, a Pakistan-focused VC fund...
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537Pakistan posts current account surplus for the second month
On Wednesday, the State Bank of Pakistan released data about Pakistan’s current account balance which is still in surplus for the second...
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417CPEC Rashakai SEZ: A gateway to industrialization to create over .5 million jobs
Khyber Pakhtunkhwa, which shares a border with Afghanistan and regarded as a gateway province to Central Asia is looking to reap the...
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385Pakistan approves three border markets to formalize trade with neighbours
Pakistan approves establishment of three markets as a pilot project along its border with Afghanistan and Iran to simultaneously boost trade with...
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282State Bank of Pakistan keeps policy rate unchanged at 7pc
On Monday, the State Bank of Pakistan decided to keep its policy rate unchanged at 7 percent in its new monetary policy....
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443Pakistani banks lost billions of rupees in over a dozen cyberattacks
Dr. Inayat Hussain the Executive Director of the Banking Supervision Group in the State Bank of Pakistan has revealed that the Pakistani...
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334FDI increases by 40% in first two months of FY21
According to the State Bank of Pakistan’s (SBP) data, the FDI in the first two months of the ongoing fiscal year FY21...
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851Govt launches Naya Pakistan Certificates for overseas Pakistanis
The Finance Ministry announced on Twitter that the sale of conventional Naya Pakistan Certificates started from 14 September 2020, via agent banks....
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476PM launches ‘Roshan Digital Account’ for overseas Pakistanis
The Prime Minister of Pakistan Imran Khan recently launched the ‘Roshan Digital Account’, an initiative that will assist millions of overseas Pakistanis...
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871Karachi restaurants boycott foodpanda over unfair practices
On Tuesday, All Pakistan Restaurant Association (APRA) in protest over the unfair practices has decided to boycott the food delivery service foodpanda...
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389V-shaped economic recovery confirmed as COVID weakens in Pakistan
On Tuesday, Asad Umar Federal Minister for Planning, Development, Reforms, and Special Initiatives said that Pakistan is witnessing a V-shaped economic recovery...
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315UK export finance limit for Pakistan increases to £1.5 billion
The British government’s credit financing agency UK Export Finance increases its financing limit to £1.5 billion for UK businesses looking to invest...
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397Businesses in Pakistan are gaining momentum as Covid cases taper off
The businesses in Pakistan are gaining momentum after the eradication of Covid from the country that contracted the economy for the first...
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443Loss of Rs 50 billion is expected with divestment of government shares in OGDCL, PPL
Government plans divestment of government shares in OGDCL, PPL and MPCL and according to experts a loss of Rs 50 billion is...
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408Pakistan, China to ink Rashakai SEZ agreement today
Pakistan and China will ink an agreement on the development of the Rashakai SEZ under the China-Pakistan Economic Corridor (CPEC). The agreement...
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666Forbes lists Pakistan-born Shahid Khan as 66th richest man in the United States
Shahid Khan the Pakistan born American has been featured as the 66th richest man in the United States with a net worth...
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563Japanese businessmen to invest $100mln in Pakistan
Pak Japan Business Council (PJBC) informs that Japanese businessmen are keen to invest at least $100 million in different industrial zones in...
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584Australian iron ore company Fortescue Metals keen to invest in Pakistan
According to a statement from the Prime Minister’s Office, on Monday, Australian iron ore giant Fortescue Metals expressed its keen interest to...
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330Exports, tax revenue has increased as COVID-19 wanes in Pakistan, says Hafeez Sheikh
On Monday, Advisor to Prime Minister on Finance Abdul Hafeez Sheikh said that FBR revenue has improved and there has been an...
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578SECP Orders Companies to Stop Dealing in Cryptocurrency
The Security and Exchange Commission of Pakistan (SECP) has instructed all companies and Limited Liability Partnerships (LLPs) to stop dealing, trading, using,...
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349FBR tax collection jumps to Rs 593 billion for July, August
Federal Board of Revenue (FBR) collected Rs 593 billion tax against the assigned target of Rs 551 billion, an addition of Rs...
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759OPTP and foodpanda enter into strategic partnership for global and local expansion
Pakistani’s number one food delivery platform Foodpanda enters into a strategic partnership with OPTP as their main delivery services partner for local...
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563Pakistan Stock Exchange named the best performing market in Asia
The Pakistan Stock Exchange (PSX) has been declared the best performing market in Asia after it recently emerged as the top performing...
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851Investment in Pakistani Startups Increased by 63% in H1 2020
MAGNiTT released H1 report named “Pakistan Venture Investment 2020 Snapshot,” in which Dubai based platform revealed that investment in Pakistani startups has...
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532Bata Reports Loss as Retail and Wholesale Business Takes a Hit
Bata, Pakistan’s one of the leading shoemaker company also faced the wrath of Covid-19 pandemic as its retail and wholesale business reported...
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456Karachi rain disaster caused Rs 50 billion loss to traders
Traders association says that the rain disaster in Karachi has caused heavy losses and the estimated initial loss from the monsoon rains...
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356The curious case of increasing debt of Pakistan
According to the finance ministry spokesperson, Mohsin Chandna, the total Pakistan public debt, which is the sum of domestic and foreign loans,...
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811Pakistan to import red kidney beans from Ethiopia
The ban to import red kidney beans has been lifted and approval has been given by the government to import red kidney...
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330PM Imran Khan assures maximum facilitation for exporters
On Wednesday, Prime Minister Imran Khan said that the government will extend maximum facilitation to exporters to increase the exports of Pakistan....
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465Balochistan establishes facilitation center for investors in Islamabad
To provide information and to facilitate the investors in Balochistan, a facilitation center has been established in Islamabad. Such centers will also...
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700Pakistan emerges as top performing Asian stock market
Pakistan has emerged as the top performing Asian stock market since the beginning of the fiscal year 2021 after a slew of...
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355PM Imran asks Chinese businesses to establish offices in Pakistan
On Monday, Prime Minister Imran Khan asked Chinese businesses to establish their regional business offices in Pakistan. The prime minister emphasized the...
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497Standard & Poor’s keeps rating long-term outlook for Pakistan as ‘stable’
Standard & Poor’s Global Ratings maintained Pakistan long-term outlook as stable. S&P also declared ‘B-’ long term issue rating on the basis...
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376PM Imran announces $424mn current account surplus for July
Pakistan’s current account swung into a surplus of $424 million for July, which is the fourth monthly surplus since last October, announced...
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399Pakistan exceeds mango export target by 45,000 tons
Despite all the challenges arising from COVID-19 pandemic, Pakistan has surpassed its mango export target by 45,000 tons. The All Pakistan Fruit &...
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336FBR speeds up operation after detecting Rs 134.453 million sales tax evasion scam
Federal Board of Revenue (FBR) chairman Javed Ghani released a statement in which he directed the bureau officers to tighten their operations...
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590SBP increases loan limit to Rs5mn for women entrepreneurs
State Bank of Pakistan (SBP) increases the supporting loan limit for women entrepreneurs from Rs 1.5 million to Rs 5 million. Taking...
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494Made in Pakistan Initiative: Pakistan approves export of N95, surgical masks
In a yet another boost to the Made in Pakistan initiative, Pakistan has allowed the export of locally manufactured N95 & Surgical...
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627PTI Government recalls economic achievements during two years tenure
Advisor to Prime Minister Imran Khan on Finance and Revenue Abdul Hafeez Sheikh highly acknowledged the economic progress made during the two...
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378Pakistan recorded ‘highest-ever’ remittances in July: PM Imran
On Monday, Prime Minister said that Pakistan has recorded the highest ever remittances from overseas Pakistanis in July 2020. Prime Minister Imran...
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452Moody’s confirms ratings of five Pakistani banks as stable
On Tuesday, Moody’s Investors Service confirmed the B3 long term local currency and Caa1 foreign currency deposit ratings of five Pakistani banks....
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485State Bank of Pakistan increases loan limits to Rs 3 million
The State Bank of Pakistan has increased the loan limits for housing finance and small enterprise from Rs 1 million to Rs...
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393Pakistan’s economy is stabilizing owing to improvements in various sectors
Despite a lot of internal and international problems, Pakistan’s economy is stabilizing and has witnessed good progress in various sectors. The current...
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457Punjab, Sindh and KP return to pre-Covid routine, withdraw lockdown orders
Punjab, KP and Sindh governments have issued notifications to lift all province-wide lockdown orders and allowing the reopening of most businesses citing...
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376Industries and factories in Punjab allowed to work 24/7
The government of Punjab has decided to permit industries and factories to work as per normal routine due to the bettering condition...
