Business
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20Pakistan’s various sectors ready to receive CPEC benefits
Pakistan’s various sectors are ready to receive maximum benefits from the China-Pakistan Economic Corridor (CPEC) project which is considered a game-changer for Pakistan. According to experts...
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16SECP registered 1,597 new businesses in May, a growth of 107 percent
The Securities and Exchange Commission of Pakistan (SECP) have registered 1,597 new businesses, more than doubled in May compared to the last...
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81Cement sales up 41 percent in May despite increase in price
The local sales of cement jumped 41 percent in spite of the long Eidul Fitr holidays and price increase by manufacturers in...
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25E-earn program for 10,000 freelancers inaugurated in Punjab
Yasir Humayun, the Punjab Higher Education Minister and head of the Punjab Information Technology Board (PITB), has launched the e-Earn scheme, which...
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34Japanese firm Bold Investment to invest in Pakistan’s tech sector
A Japanese firm, Bold Investment, has established its investment arm in Pakistan with aims to rise growth and potential in technology space...
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76US largest supermarket company Kroger Co. adds Pakistani products
The third largest retail store chain in the US, the Kroger Co. has added Pakistani food products to its outlets, announced Abdul Razak Dawood. ...
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37Pakistan Post becomes Amazon official delivery partner
Just weeks after Amazon opened up its platform to Pakistani sellers, Pakistan Post Office has been formally authorized as the delivery partner...
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69‘Economic growth to catch pace in coming years, GDP to reach 6% by 2023’
As the government is preparing the budget for the upcoming fiscal year, the economic growth rate of Pakistan would catch pace next...
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2828 percent growth in bank advances via credit cards during April 2021
Bank advances via credit cards have swelled by 28 percent to Rs 53 billion in April from Rs 42 billion in the same...
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21Current account posts $773 million surplus in July-April
The current account of the country continued to surplus with $773 million during the first 10 months of the current fiscal year...
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42PM Imran set aside Rs 100 billion for startup loans to end unemployment
Prime Minister Imran Khan has announced Rs 100 billion fund for startup loans and 170,000 skilled education scholarships so that the challenge...
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27Rise in bank deposits outpaces advances growth in first 10 months of FY21
The banks used to invest their largest part of liquidity in the government papers which are risk-free and give high yields. After...
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36Mango export target set at 150,000MT for current season
All Pakistan Fruit and Vegetable Exporters, Importers & Merchants Association (PFVA) has set the target of mango export at 150,000 metric tons...
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36Foreign direct investment falls by 32.5 percent in July-April FY21
Foreign direct investment has fallen by 32 percent during the 10 months of the current fiscal year from July to April of...
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41Pakistan’s exports to Australia have increased by 30pc, says Australian envoy
In a webinar meeting, Australian High Commissioner Dr Geoffrey Shaw announced the increase of Pakistan’s exports to Australia by 30 percent. On...
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45Roshan Digital Accounts mark upward trend after PM’s visit to KSA
Roshan Digital Accounts has witnessed a noteworthy upward trend following Prime Minister Imran Khan’s recent visit to the Kingdom of Saudi Arabia. ...
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53Pakistan’s National incubation center, ‘IGNITE’ recognized by the UN
Pakistan’s National Incubation Center, ‘Ignite’ has been recognized by the International Telecommunication Union, an agency or digital tech run under the United...
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34Loan infection ratio of banking sector rises to 9.3 percent
The banking sector’s infection ratio rose from 8 percent in December 2018 to 9.3 percent at the end of March this year, according to...
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78Four SEZs to create 1.47 million jobs, boost industrial growth
The four Special Economic Zones (SEZs) are expected to create as many as 1.47 million jobs besides playing a vital role in boosting local industry. The...
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47Cotton imports are up 46% as domestic output falls dramatically
During the first nine months of the current fiscal year, Pakistan imported cotton worth $1.838 billion. This is up 46% from the...
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63Rupee upsurge against dollar continues, hits a new 23-month high
For the eighth consecutive working day, rupee has maintained its uptrend, hitting a 23-month high of Rs 152.27 against the US dollar...
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45Roshan Digital accounts to be converted into digital banking
Roshan Digital accounts will ultimately be converted into digital banking, SAPM Sayed Zulfikar Abbas Bukhari announced on Monday. On Monday, Corporate Pakistan...
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49Freelancers earn over Rs 4 billion from abroad since January 2020
Pakistani freelancers have received more than 4 billion rupees since January 2020 using a tech-based solution amid the coronavirus pandemic. While businesses...
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44Pakistani fintech CreditBook secures $1.5 million in seed funding
CreditBook, a Karachi-based fintech startup, has received $1.5 million in seed funding from Pakistan’s BitRate VC and Dubai’s VentureSouq. Better Tomorrow Ventures, Ration Ventures, Toy...
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142Pakistan gets officially listed on Amazon seller list
US e-commerce giant Amazon has added Pakistan to its approved seller list, a moment of celebration for Pakistani small businesses. Prime Minister...
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88Industrial sector to cut 15-20 percent jobs after Eid
Industrialists are going to slash 15-20% jobs after Eidul Fitr in the wake of slowdown in industrial production amid difficult condition of...
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63Pakistan to register Khewra salt with international trade bodies
Local rock salt of Khewra is going to be registered with international trade bodies, taking Pakistan to the lead in the global...
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59ADB puts Pakistan growth rate at 2 percent this year
The Asian Development Bank (ADB) has forecasted Pakistan GDP growth by two percent during 2021, subject to successful vaccine rollout and implementation...
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82SECP to introduce concept of special purpose acquisition company
The Securities and Exchange Commission of Pakistan (SECP) is going to introduce the concept of a special purpose acquisition company (SPAC) in...
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63Roshan digital account scheme attract historic $1 billion
Inflows of foreign exchange through the Roshan Digital Account (RDA) crossed the $1 billion mark, making space for the architects of the...
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57China agrees to open Khunjerab border for trade
After a number of requests of Pakistan to China, the Chinese government now has agreed to open the Khunjerab border, keeping in...
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66Cryptocurrencies Crash After Hitting All-Time Highs
On Sunday, Bitcoin, the world’s most famous cryptocurrency, dropped as much as 15% to $51,541, losing much of the previous week’s gains. The...
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84Traders in Karachi flout Sindh govt’s market closure policy
All commercial areas in the city will remain open today, according to All Karachi Tajir Ittehad Chairman Atiq Mir, who was reacting...
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83Pakistan’s foreign exchange reserves hit five-year high
Pakistan’s foreign exchange reserves hit a five-year high of $23.2 billion last week with the State Bank of Pakistan crediting the rise...
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80Large scale industrial output expands 7.45 percent in eight months of current fiscal year
Large Scale Manufacturing increased by 4.85 percent in the month of February making it to an increase of 7.45 percent for July-February...
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75Alibaba shares jump 6 percent after $2.8 billion anti-monopoly fine
Alibaba stock jumped 6% after the e-commerce behemoth told investors that a record $2.78 billion antitrust fine levied by China would have...
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105Bitcoin crosses $62,000 ahead of Coinbase IPO
Cryptocurrency Bitcoin has hit a record high, crossed $62,000 ahead of cryptocurrency exchange Coinbase IPO on Wall Street. On Tuesday, Cryptocurrency Bitcoin hit a record...
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102SBP considering issuing digital currency to boost financial inclusion
The State Bank of Pakistan (SBP) will possibly issue digital currency to boost financial inclusion and reduce money laundering in the economy. According to...
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120Pakistan records remittances over $2b for 10th consecutive month
Pakistan has recorded an increase of 26% in remittances of above $2 billion for the 10th consecutive month in March, revealed SBP. ...
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91China invites Pakistani firms to attend online Canton Fair
On Saturday, the Counsellor Embassy of China Xie Gouxiang invited Pakistani companies to attend the Canton Fair and explore prospects for the export of their products around the world. ...
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96World Bank puts Pakistan growth rate at 1.3pc
Pakistan had been showing a weak economic recovery with the resumption of economic activity and was expected to achieve a growth rate of 1.3%, ...
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68KP govt to introduce Alternative Delivery Channels to facilitate tax payers
KPK government, State Bank of Pakistan (SBP) and 1-Link have signed a tripartite agreement for the collection of government taxes through Alternative...
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272MTJ – Maulana Tariq Jameel launches own clothing brand
The religious scholar Maulana Tariq Jameel has launched his own clothing brand, the inauguration ceremony was held in Karachi. On Saturday, MTJ clothing brand was launched in the...
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147Pakistan all set to enter China’s $15bn meat market
Pakistan is going to venture into the $12 to $15 billion China’s meat market, announced the Food Minister. The Food Minister announced that...
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124Pakistan’s exports reach decade-high of $2.3b in March
Pakistan’s exports have reached a decade-high of $2.3 billion in March 2021, monthly figures showing growth year-on-year and over the previous month. The...
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107FBR collection hits Rs475bn in March
Federal Board of Revenues successfully collected Rs.475 billion against a target of Rs.439 billion during the month of March, this year. This is the...
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67Pakistani fintech SadaPay raises $7.2m in seed round
Fintech SadaPay launched its digital wallet and numberless debit card under the supervision of the regulator. It employs a ‘neobank’ business model, using the Electronic Money...
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84Hammad Azhar announces launch of Pakistan’s ‘first ever’ three-tranche capital market transaction
Pakistan’s “first ever” three-tranche capital market transaction is going to be launched. The launch happened the same day Hammad Azhar was entrusted with the finance ministry...
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96Due to Covid, production activities of local leather industry are limited to 50%
Generally, the industrial and trading sectors of Pakistan have been badly affected due to Covid-19 but the same proved to be a blessing in disguise...
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130Rupee gains another 42 paisa as the US dollar falls to pre-Covid level in interbank
On Monday, the rupee gained an additional 42 paisa against the US dollar as the greenback was quoted at below the pre coronavirus pandemic...
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177Govt plans to launch Eurobond to generate up to $1 bn
The government has planned to launch Eurobond in the international capital market probably within the next few days in order to generate $750 million...
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98PM nods abolition of corporate tax exemption
The government has abolished the tax exemption, worth Rs.150 billion to the corporate sector through Presidential ordnance in order to fulfill the...
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81Traders lament low mango exports to US
Ahmad Jawad, the former Chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s Standing Committee on Agriculture said that...
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98
Pakistan’s exports slump 22pc in the region
The Pakistan’s exports to different regional countries, including Afghanistan, China, Bangladesh, Sri Lanka, Iran, Nepal, Bhutan, and the Maldives have come down during the eight...
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123Policy rate to remain unchanged at 7pc: SBP
The Monetary Policy Committee (MPC) of the State Bank of Pakistan has maintained the policy rate at 7 percent. This time, once again...
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107MOU Signed Between SMEDA and University of Central Punjab
University of Central Punjab (UCP) has collaborated with the Small and Medium Enterprises Development Authority (SMEDA) and signed a memorandum of understanding (MoU) to collaborate and...
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96Iran keen to expand investment, trade ties with Pakistan
In a meeting with the delegation of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) headed by the Chairman, Qurban Ali, the...
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165KP govt to build pilot cryptocurrency mining farms
Khyber Pakhtunkhwa government is going to build two hydroelectric-powered pilot cryptocurrency mining farms to capitalize on a bullish global cryptocurrency market. The...
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134Unilever Pakistan among four companies issued show-cause notices for ‘deceptive practices’
The Competition Commission of Pakistan is authorized under the Competition Act to ensure free competition in all spheres of commercial and economic...
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100Textile exports fall by 3pc in February
Textile and clothing exports has decreased in second month from a year ago owing to a decline in value-added exports, the export...
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179Strong growth in digital financial transactions in the country in Q2 FY2020/21
The State Bank of Pakistan (SBP) released its Quarterly Payment System Review (QPSR) for the second quarter, October – December 2020, of...
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262Special Economic Zones launched in Thatta, Chakwal
Two Special Economic Zones (SEZs) have been launched at Pir Phato, Thatta and Padshahan, Chakwal districts by the Dynamic Engineering and Automation (DEA). A privately owned engineering...
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164GasPort plans $94m virtual LNG pipeline from Gwadar
The Gwadar GasPort Limited (GGPL) has planned to invest $94.04 million in a virtual Pipeline to deliver LNG at the doorsteps of the industrial...
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201A young entrepreneur makes a splash in the fisheries following Biofloc technology
With an initial investment of Rs.80.00 per fish, one can sell the fish at the rate of Rs.300.00, told Shaukat Hussain to the media on...
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98Roshan digital account attracts $671m in six months
The Roshan Digital Account (RDA), which launched last year in September has now crossed 100,000 accounts and attracted $671 million. On Friday, the State Bank...
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835,145 firms in Pakistan have at least one female director: SECP
According to SECP, 21,168 companies registered between March 2020 and March 2021, and 5,145 firms have at least one female director. On...
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88Banks directed to use digital payment modes in financial services
The State Bank of Pakistan (SBP) has directed all banks in the country to provide a set of minimum services on internet...
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242FBR targeting Payoneer, freelancers over billions of rupees transferred from abroad
According to the Federal Board of Revenue (FBR), a ‘mega scam’ involving a foreign company moving about Rs60 billion to more than...
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1642,257 new startups register after SECP’s “ease of doing business” reforms
The Securities and Exchange Commission of Pakistan (SECP) in a game-changing development has announced that ease of doing business has led to the...
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159PM approves withdrawal of 80 income tax exemptions
Pakistan and IMF had a staff-level agreement last month for the approval of the second to fifth reviews and release of the...
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170Pakistan issues fresh tenders to buy wheat, sugar
Trading Corporation of Pakistan has issued two new international tenders to purchase 300,000 tons of wheat and 50,000 tons of sugar. Pakistan...
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134PM Imran Khan okays cross-border yarn import
The cross-border yarn import has been approved by Prime Minister Imran Khan amid fears of a shortage of industrial input in textile...
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109Norwegian investment in Pakistan, FM Qureshi appraised growing business relations
Shah Mahmood Qureshi, Foreign Minister expressed his satisfaction towards Norwegian investment in Pakistan. He exchanged his views on enhancing cooperation in many sectors like...
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169Careem Engineering offers remote global opportunities for Pakistanis
Careem Engineering has offered remote global opportunities for the country to make Pakistan an epicenter of technology. It is further expanding its engineering...
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159Pakistan plans to develop oil city in Gwadar
The government is going to develop a massive oil city in Gwadar district in Balochistan province. According to Director General of Gwadar Development Authority (GDA), Shahbaz Khan Kakar, Fisheries,...
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137FPCCI signs partnership agreement with Greater Manchester Chambers of Commerce
Pak-UK Business Council of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) organized a Partnership Collaboration Agreement Signing Ceremony with Greater Manchester...
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127FBR exceeds eight-month revenue collection target by Rs 18 bn
There has not only been stability in all the sectors of the economy after the Covid-19 rather there seems much improvement. Federal Board of Revenues (FBR)...
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112PM 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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159ECO 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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83ITFC 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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91Malaysia 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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10261% 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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10227pc 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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164Pakistan 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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196Pakistani 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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181Plans 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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180Pakistan 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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184Pakistan 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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167Chinese 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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315Pakistani 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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265Textile 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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212Uzbekistan 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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323Mastercard 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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195Large 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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233The 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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191Roshan 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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234Pakistani 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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356Daraz 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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268SBP 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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301PTCL 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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225‘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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241PSX 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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309Pakistan 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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250Pakistan 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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207Pakistan 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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342NBP 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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285Business 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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200Pakistan’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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211For 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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421Panther 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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322Pakistan 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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508FBR 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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591SBP 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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309Pakistan, 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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397K-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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240Pakistan 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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240Pakistan 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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307State 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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219BOI 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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321Govt 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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328Sweden 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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282‘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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224Public 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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196Alibaba’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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218Pakistan 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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202Remittances 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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547Pakistan 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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322SECP 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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440Karachi-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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252Textile 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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468Chinese 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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319MFSYS 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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311SBP 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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235Moody’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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523Utility 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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409Three 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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359Ease 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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351Pakistan 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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302Exporters 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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291‘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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421KSE-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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234Pakistani 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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398Pakistani 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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388Pakistan’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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257Look 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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363Companies 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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403Elon 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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766British 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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535Pakistan 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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647FBR 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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277Bank 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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410SBP 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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277Pakistan 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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348PTC 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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269Large-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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286SECP 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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363SBP 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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269Electronic 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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823Pak-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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508Global 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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274ADB 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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315Pakistan 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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285Pakistan 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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560Here’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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349Pakistan 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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413Pakistan 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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979Government 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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416Post-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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294SBP 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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6173 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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574Sri 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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353Finance 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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301$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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387Deposits 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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305Bank 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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3.0KBlessed 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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419Traders 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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536Pakistan 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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271Pakistan 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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233State 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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794Strategy 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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361SECP 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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252Elon 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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350SBP 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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333Bank 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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406RCEP: 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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354Pakistan’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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357PM 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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268ADB 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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270Remittances 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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374Kashmiri 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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454Pakistan’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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354SECP 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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580Pakistan 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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587Pakistan’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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1.0K11.11 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...
