Business
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Worst phase of economic stabilization is now over: SBP Governor

KARACHI: State Bank of Pakistan (SBP) Governor Dr Reza Baqir on Thursday said the worst phase of economic stabilisation is now over and

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Textile exports marginally increased around four percent

ISLAMABAD: Textile exports marginally increased around four percent year-on-year to $8 billion in the first seven months of the current fiscal year

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 Sialkot-Lahore motorway being inaugurated

ISLAMABAD: The under-construction Sialkot-Lahore motorway, is being inaugurated piecemeal by the present government. 

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Govt collected 43.7 per cent higher revenue

ISLAMABAD: The government is estimated to have collected almost 43.7 per cent higher revenue on key oil and gas products during the first

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SBP increased payments limit for freelance services

KARACHI: The State Bank of Pakistan on Wednesday increased the payments limit for freelance services in information and communication technology by five times

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IMF asked Pakistan to reduce import tariffs

ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to reduce import tariffs, ensure General Sales Tax harmonisation,

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Haj under government scheme will cost Rs 490,000 to each pilgrim

ISLAMABAD: The federal cabinet on Tuesday approved Haj Policy 2020 under which Haj under government scheme will cost Rs490,000 to each pilgrim with 7.35 per cent

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Pakistani banking system stable for next 12 to 18 months: Moody's

Moody’s Investors Service, one of the leading credit rating agencies in the world, has given the Pakistani banking system a stable outlook for the next 12 to 18 months

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IWCCI to collaborate with Ehsaas

ISLAMABAD: Women entrepreneurs from Islamabad Women Chamber of Commerce and Industry (IWCCI) came to the table with Ehsaas at Pak-China Friendship Centre in Islamabad

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EFU Life become first life insurance company to offer BLISS

EFU Life has become the first life insurance company in the world to offer BLISS – a biometrically enabled, entirely digital, instant savings-cum-protection policy acquisition system.

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IMF to review Pakistan performance under US fund facility

The International Monetary Fund (IMF) staff mission has started discussion here with the government authorities to review Pakistan’s performance under its US $6 billion extended fund facility

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Inflation rate in country to start receding soon: Dr Abdul Hafeez Shaikh

ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Monday said that inflation rate in the country would start receding soon,

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Millions of WhatsApp users to lose service

WhatsApp users around the world who are have old devices that have outdated software installed won’t be able to use the messaging app starting 1 February

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UK officially departed from Europe

ISLAMABAD: As the clock struck 11 pm on Friday, thousands of Brexit supporters erupted into delirious cheers outside the Houses of Parliament as the UK’s departure was confirmed

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OGRA to reduce prices of petrol

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Thursday sent a summary to the federal government for recommending modification in prices of petroleum products

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Bank AL Habib Limited reported profit after tax of Rs. 11.17 billion

The Board of Directors of Bank AL Habib Limited (the Bank) announced the financial results for the year ended December 31, 2019.

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FBR received 40 per cent more income tax returns

ISLAMABAD: The Federal Board of Revenue (FBR) has received nearly 40 per cent more income tax returns for the tax year 2019 compared to the preceding

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Inquiry into irregularities of merger of Warid-Mobilink is in its final stage

ISLAMABAD: An inquiry into irregularities and financial benefits from the merger of Warid and Mobilink is in its final stage and arrests will be made in the coming days,

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OPEC to extend current oil output cuts

LONDON: OPEC wants to extend current oil output cuts until at least June, with the possibility of deeper reductions on the table if oil demand in China is significantly affected

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USA top export destinations of Pakistani products

ISLAMABAD: The United States of America (USA) remained the top export destinations of the Pakistani products during first half of current financial year (2019-20), followed by China and United Kingdom (UK).