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Minister woos investors
ISLAMABAD:
Federal Minister for Privatisation Mir Abid Hussain Bhayo has stressed that the government’s investment policy provides both domestic and foreign investors with the same incentives, concessions and facilities for industrial…
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Savings, investment targets missed
ISLAMABAD:
Investments and savings as a percentage of the size of Pakistan’s economy have remained below the official targets in the outgoing fiscal year, affirming that the 6% economic growth rate was fed by imports and consumption.…
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Savings, investment targets missed
Investments and savings as a percentage of the size of Pakistan’s economy have remained below the official targets in the outgoing fiscal year, affirming that the 6% economic growth rate was fed by imports and consumption.
Like its…
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Revised transit trade deal remains elusive
ISLAMABAD:
As Pakistan and Afghanistan fail to sign a revised transit trade agreement, the former has granted another extension to continue the reciprocal trade arrangement between the two neighbouring countries.
The transit trade…
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Revised transit trade deal remains elusive
ISLAMABAD:
As Pakistan and Afghanistan fail to sign a revised transit trade agreement, the former has granted another extension to continue the reciprocal trade arrangement between the two neighbouring countries.
The transit trade…
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Current account deficit narrows 39%
Pakistan’s current account deficit – the gap between foreign expenditures and income – narrowed 39% month-on-month to $623 million in April on the back of historic high workers’ remittances and a reduction in the import bill.
“Current…
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Rupee sinks to Rs194 against US dollar
Business Reporter
KARACHI: The depreciation of the Pakistan Rupee against the US dollar continued on Monday as the rupee sunk to a historic low of Rs194 against the greenback in the inter-bank market.
The rupee had closed at Rs192.53…
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Tech firm cancels book-building process
KARACHI:
A software company, operating in Pakistan and Germany, has announced to cancel its book-building process for the listing at Growth Enterprise Market (GEM) board at the Pakistan Stock Exchange (PSX).
The announcement from…
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Rupee crosses 190 vs US dollar
Pakistani currency maintained its record breaking spree, as it surpassed a major barrier of Rs190 against the US dollar for the first time in the inter-bank market mainly owing to political and economic instability in the country.
The…
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Govt to give fertiliser subsidy directly to farmers
The government has decided to pay fertiliser subsidy directly to farmers through the Ministry of National Food Security and provincial governments in an effort to reduce prices, which have skyrocketed and led to less-than-required…
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