Four years after elevating it to an Emerging Market, investment advice body returns Pakistan Stock Exchange to a Frontier Market
Business
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Daraz Pakistan’s new CCO debuts her first mega sale for the e-commerce giant
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Imran Khan Thanks Overseas Pakistanis for ‘Record-Breaking’ Remittances
by Staff Reportby Staff ReportAccording to the State Bank of Pakistan, overseas Pakistanis remitted $2.436 billion in December 2020 compared to $2.097bn in December 2019
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Monetary Policy Committee claims strengthening of economic recovery, especially in large scale manufacturing and current account surplus
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Directive specifically targets Zee5, a platform that has gained in popularity after broadcasting Pakistani serial ‘Churails’
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Facing the fluctuations of the world economy during the COVID-19 pandemic, Chairman of the Board of Directors of SAPA Thale Group, billionaire Mai Vu Minh, shares investment strategies for today’s constantly changing world
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British High Commission says flights will start from Oct. 14 and will be operational four days a week
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Samsung ‘Considering’ Setting Up Smartphone Assembly Plant in Pakistan
by Staff Reportby Staff ReportIndustries minister Hammad Azhar says South Korean firm has appreciated government’s policies to encourage local production
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Central bank says overseas Pakistanis sent $23.12 billion home in fiscal year 2019-20
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Byco, Askar and BE Energy fined Rs. 5 million each for creating ‘artificial fuel shortage’
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Benchmark rate slashed fourth time in four months to help economy recover from impact of COVID-19
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Pakistan Did Not Witness ‘Highest Inflation in World,’ Clarifies SBP
by Staff Reportby Staff ReportCentral bank says inflation rates were higher in Argentina, Iran, Nigeria and Turkey
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Benchmark rate slashed third time in three months to help economy recover from impact of COVID-19
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Under non-exclusive licensing agreement, Ferozsons will be allowed to set its own prices for generic version of drug
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State Bank Enhances Refinance Limits to Help Middle, Large Businesses
by Staff Reportby Staff ReportCentral bank to finance up to 100% of salaries of businesses with average 3-month wage bill up to Rs. 500 million
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SBP Launches ‘Risk-Sharing’ to Support Bank Loans to Small Businesses
by Staff Reportby Staff ReportFederal government allocates Rs. 30 billion for banks, spread over 4 years, to share any burden of losses due to bad loans
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Petrol to now cost Rs. 81.58/liter; high-speed diesel Rs. 80.10/liter; light-diesel Rs. 47.51/liter; and kerosene oil Rs. 47.44/liter
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Following the transaction, EMPG becomes a ‘unicorn,’ valued at $1 billion
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Prior to COVID-19 pandemic, the FBR had aimed to collect Rs. 5,238 billion in revenue
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Parent company of Pakistan property portal Zameen.com expands operations with acquisition of Kaidee