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Reporting on key issues and developments on Pakistan's business front. Stay informed.
Joined June 2013
It, however, may take three to four years to report a net profit, says Adviser to PIA CEO Air Vice Marshal Noor Abbas.
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Pakistan has so far exported 150,000 tons of sugar to China while export of 200,000 tons of rice will be completed by June under the $1-billion duty-free incentive package offered by Beijing.
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Pakistan has so far exported 115,000 tons of mangoes worth $80 million in the current season, which started in May 2019
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Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big ticket firms that have pledged similar support. #etribune #TribuneBusiness #Cryptocurrencies .
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The IMF on Monday urged Pakistan to follow the Constitution in order to resolve its political disputes, as PM Shehbaz Sharif contacted Managing Director Kristalina Georgieva to revive the derailed $6.5 billion bailout package. Visit:
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Move aimed at promoting trade, investment and tourism.
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#FBR has decided to transfer more than 2,500 of its officials in an attempt to break their nexus with businesses and improve efficiency.
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Pakistan is on course to meet or even exceed the revised cotton production target this year. For more: #etribune #TribuneBusiness #cotton.
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Egypt is keen to invest in Pakistan's energy, infrastructure, halal food and tourism sectors
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Europe’s leading bus manufacturing company Volvo to re-enter Pakistan.
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Russia plans to invest $14b in Pakistan’s energy sector.
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#Turkish automakers and #Pakistani engineering companies are negotiating to form joint ventures; in the next phase small and medium enterprises of the two countries will enter into partnerships.
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Pakistan’s 60% population is below 30 years of age and the IT sector has a huge potential to provide them with job opportunities.
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Another #visa centre in #Islamabad would also become functional in the first week of October and would provide all facilities in #Pakistan.
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Pakistan performed better than India in apparel exports to the United States in February 2021. For more: #etribune #TribuneBusiness.
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With CPEC, Pakistan could play host to Chinese industries.
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FBR lost Rs850 billion sales tax in 5 years due to sales to unregistered persons.
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-5 per cent ad hoc relief for government employees from grade 17 to 20.-10 per cent increase in salaries for government employees from grade 1 to 16.-Pensions increased by 10 per cent.-No increase in salaries for employees from grade 21 to 22 #Budget2019.
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Islamabad offers to set up plant in Gulf state to manufacture footballs
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Sales tax on sugar is currently 8%, which is being increased to 17%. It will result in an increase of Rs3.50 per kg in sugar prices #Budget2019.
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Canada’s main securities regulator has cleared the launch of the world’s first exchange-traded #bitcoin fund, the investment manager and the regulator said, giving retail investors greater access to the booming cryptocurrency. #etribune #TribuneBusiness .
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Investors require competitive business environment, safeguarded from uncertainties .
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National flag carrier also plans to enhance fleet to 45 aircraft
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On average, the deficit has dropped to $1.06 billion a month so far in the current fiscal year compared to $1.5 billion a month in the corresponding period of last year.
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The government is also considering compulsory jail for tax evasion which may be announced in the upcoming budget that will be presented on May 24.
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Islamabad urges Washington to make investment in food technology
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Posts gain of 4.6% during intra-day trading following reports of China lending Pakistan $2b
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The world is now likely to avoid concentration of industries in one country.
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The #inflows were almost 3% higher than the $1.98 billion received in the same month last year.
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Exim Bank will give boost to exports, provide risk-free environment
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Malaysian company edotco has offered annual investment of $100 million in Pakistan in a bid to lay a strong foundation for the launch of 5G telecom technology in the country.
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Pakistan imported 880,525 tons of oil seed and pulses, whereas the volume of Pakistan’s export to Canada remained 14,521.36 tons, says Federal Minister for National Food Security and Research Sahibzada Mehboob Sultan
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Gobal credit rating agency’s move pushes stock market above 40,000 points.
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#Pakistan has so far received a total of $9.1 billion in financial assistance packages from friendly countries during the current fiscal year (2019) to date, including $4.1 billion from #China, $3 billion from #saudiarabia and $2 billion from #UAE.
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Pakistan, China should counter smear campaign with a well-designed strategy.
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Umar said it was at PM’s discretion to decide whether to opt for the IMF programme or for the solution he had proposed
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Adviser says exports rise 14% in July whereas imports fall 18%
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Import-export gap stands at $7.77 billion, which is in line with market expectations.
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KSE-100 Index surged by another 700 points to a six-month high above 36,650 points in intra-day trading
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The Rogun Dam has begun operations and Tajikistan is ready to provide cheap and clean electricity to Pakistan.
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Voice hope new finance minister will prove better than PML-N’s Dar
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After billion-tree project, PTI plans to build 5m housing units.
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PPL’s Margand block is estimated to have 1 trillion cubic feet of reserves.
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PM aide proposes exclusive economic zone for Korean companies
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Abdul Razzak Dawood says deep seaport will reduce burden on Karachi port.
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Drop comes mainly due to higher remittances, lower imports in FY19
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Experts stress improving agricultural practices to boost production and exports
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PTA has so far permitted 24 companies to assemble handsets in Pakistan.
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Tareen top taxpayer among parliamentarians in 2017; average skewed due to higher share of top ten contributors.
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Russian firm Gazprom will lay the pipeline via Gwadar Port that will be extended to India.
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Pakistan government is studying a #Turkish model for #privatising power distribution companies (DISCOs), under which the #privatesector will be engaged without selling state assets .
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The Washington-based lending agency released a report on Monday which said that the State Bank of Pakistan (SBP) has been undermined by rent-seeking behaviour and complex security situation.
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IMF confirms Pakistan has approached it for $1.4 billion financial support.
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Pasha pointed out that Pakistan was actively participating in this year's Automechanica exhibition as not only the number of companies displaying their products had increased, the Pakistani pavilion had also been given the theme of 'Emerging Pakistan".
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Official says recent projects of the organisation are receiving excellent feedback.
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Islamabad to return $93.5m to Moscow after signing agreement.
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Saudi adviser says investors are willing to come if they get strong signal from govt.
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"Decline comes on back of reduction in imports, growth in remittance inflows
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Sweden’s asset manager invests $100 million in Pakistani companies
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Chinese Fortune 500 company among bidders for Railways upgrade
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PTA seeks applications from its licensees, academic institutions, device manufacturers
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K-P has fastest growing economy in Pakistan, says Dr Pasha in new book
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It comes at a time when domestic farmers are facing crisis and demanding subsidy.
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Punjab to record a 35% decrease in mango production whereas Sindh to witness a 10% decline.
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Will also assist in introducing new safety, environment-friendly features
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Project will generate 800MW and store water to irrigate 17,000 acres of barren land
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Pakistan is a safe country, good business destination: Canadian parliamentarian
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