KARACHI: Rising oil prices and persistent geopolitical uncertainty kept the Pakistan Stock Exchange (PSX) under selling pressure during the outgoing week, as investors booked profits ahead of the State Bank of Pakistan’s (SBP) monetary policy announcement on Oct 26. The benchmark KSE-100 index fell 2.4 per cent week-on-week (WoW), shedding 4,045 points to close at […]
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The executive vice president of technology giant Siemens on Saturday met with President Asif Ali Zardari in Berlin and expressed his readiness to enhance support for strengthening existing healthcare infrastructure in Pakistan, the Presidency said. The meeting took place on the third and final day of President Zardari’s official visit to Germany, which came as […]
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LAHORE: Finance Minister Muhammad Aurangzeb has ruled out pursuing liquidity-fuelled, consumption-led economic growth, saying Pakistan must prioritise sustainable, export-led expansion and continue with tariff reforms to improve the competitiveness of its industries. The finance minister was speaking at the Lahore University of Management Sciences (Lums) on Saturday at an event organised by the American Business […]
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ISLAMABAD: The federal government has approved Karachi Industrial Park (KIP) as a federal Special Economic Zone (SEZ) to attract export-oriented industrial investment, promote technology transfer and value addition, and generate employment. The decision was taken at the 11th meeting of the Board of Approvals for SEZs here on Friday. Chaired by Finance Minister Muhammad Aurangzeb, […]
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WORLD Bank official Sandeep Mahajan meets Finance Minister Muhammad Aurangzeb.—X/ @Financegovpk • Calls for stronger investment, private sector activity• Aurangzeb stresses need to strengthen investor confidence ISLAMABAD: In what appears to be a push towards accelerating growth, the World Bank has advised Pakistan to move from stabilisation to sustainable growth, with a focus on strengthening […]
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• PPDA chairman says pricing remains an issue• JI demands meeting with PM ‘this week’ to resolve levy issue ISLAMABAD: Even as talks between the Jamaat-i-Islami (JI) and the government to reduce the fuel levy remained ‘inconclusive’, petroleum dealers on Friday urged consumers not to resort to panic buying, as excessive purchases could create market […]
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ISLAMABAD: Energy Minister Sardar Awais Ahmad Khan Leghari has warned electricity distribution companies (Discos) against imposing excessive or unjustified detection bills, saying no arbitrary charges will be levied on consumers. Detection bills are issued by Discos to recover past dues estimated to be unpaid due to slow meters, theft or other technical reasons. At a […]
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ISLAMABAD: Around 170 amendments have been made to the Companies Act 2017 to facilitate company registration and business operations and to modernise Pakistan’s corporate regulatory framework. Adviser to the Prime Minister on Industries and Production Haroon Akhtar Khan disclosed this at a news conference on Friday, alongside Gilgit-Baltistan Chief Minister Amjad Hussain and members of […]
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