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 Latest Business and Finance News
Asia subdued before oil producers' meeting, China GDP taken in stride [Reuters]

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PC recommends leasing out PSM for 30 years  [The Nation] 18 Jan, 2017

ISLAMABAD -  The Privatisation Commission (PC) on Tuesday agreed to a proposal to lease out the Pakistan Steel Mills (PSM) for 30 years after the government failed to privatise or revive it.

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Moneychangers no more bound to surrender dollars  [Dawn News] 18 Jan, 2017

KARACHI: The State Bank of Pakistan (SBP) on Tuesday exempted moneychangers from surrendering a certain percentage of imported dollars to banks.

The SBP has been showing concerns about the appreciation ...

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Maple Leaf places $80m plant order  [Dawn News] 18 Jan, 2017

KARACHI: Maple Leaf Cement Factory Ltd has given an order to Danish firm FLSmidth for engineering, procurement and supply of equipment for a complete cement production line with a daily capacity of 7,300 tonnes. The pl ...

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$500m Chinese loan to be repaid next week  [Dawn News] 18 Jan, 2017

ISLAMABAD: Pakistan will repay next week a $500 million loan it obtained from China as a safe deposit to support its dwindling foreign exchange reserves in 2009.

After many rollovers, the loan is maturin ...

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Stocks continue descent amid profit-taking  [Dawn News] 18 Jan, 2017

KARACHI: Stocks were hammered for the third day in a row on Tuesday, with the benchmark KSE-100 index falling 209.89 points (0.43 per cent) to close at 48,678.65. The session was marked by intense volatility as the ind ...

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CDWP approves Rs154b projects  [The Nation] 18 Jan, 2017

 ISLAMABAD -  The Central Development Working Party (CDWP) yesterday approved 18 projects worth Rs154 billion, including the Punjab Irrigated Agriculture Productivity Improvement project c ...

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Foreign investment increases by 44pc  [The Nation] 18 Jan, 2017

ISLAMABAD:- Net foreign investment in Pakistan has increased by more than 44 percent in the first seven months of the current fiscal year as compared with the corresponding period of preceding year. ...

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eBay terms Pakistan fastest growing e-commerce market  [The Nation] 18 Jan, 2017

ISLAMABAD - The chief executive officer of eBay, an American Inc and e-commerce company, has termed Pakistan among the fastest growing e-commerce markets in the world.

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Amid foreign selling, index declines by 210 points  [The Nation] 18 Jan, 2017

KARACHI - Bearish sentiments persisted at PSX on Tuesday, amid foreign selling the shares index declined by 209.89 points or (0.43%) to close at 48,678.65 level.

M ...

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Panic buying keeps rupee under pressure  [The Nation] 18 Jan, 2017

LAHORE -  The panic buying due to uncertainty following the Indian government’s currency demonetisation, continued to mount pressure on dollar buying as the US currency has crossed the fi ...

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SBP directed to repay $500m loan to SAFE  [The Nation] 18 Jan, 2017

ISLAMABAD - Finance Minister Senator Ishaq Dar has directed the State Bank of Pakistan (SBP) to repay a loan of $500 million to the Chinese State Administration of Foreign Exchange (SAFE) upon its m ...

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Romania keen to invest in Pakistan, join CPEC  [The Nation] 18 Jan, 2017

ISLAMABAD -  Romania intends to invest in Pakistan and also keen to become a part of China Pakistan economic Corridor (CPEC), the Nation has learnt reliably.

...

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Macroeconomic indicators will be improved: Dar  [The Nation] 18 Jan, 2017

ISLAMABAD -  Finance Minister Senator Ishaq Dar on Tuesday reiterated the government's resolve to continue on the path of economic reforms programme that was articulated at the beginning of 201 ...

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Pound rebounds on Brexit speech  [The Nation] 17 Jan, 2017

The British pound rebounded above $1.23 on Tuesday after Prime Minister Theresa May declared that any Brexit deal would be voted by parliament.

The London stock market fell further as the stronger pound weighed on share p ...

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Finance minister reviews five-year macroeconomic framework  [Dawn News] 17 Jan, 2017

Finance Minister Ishaq Dar on Tuesday said the government is focused on improving key macroeconomic indicators, including the investment-to-GDP and tax-to-GDP ratios.

He was chairing a meeting to review ...

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World's forty multinationals act on ocean-clogging plastics  [The Nation] 17 Jan, 2017

DAVOS: Forty of the world's biggest companies assembled in Davos agreed on Monday to come up with cleaner ways to make and consume plastic as waste threatens the global eco-system, especially in oceans.

The plan was ...

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KATI lands hope on PM's package for exporters  [The Nation] 17 Jan, 2017

KARACHI: Patron-in- Chief of Korangi Association of Trade & Industry (KATI) S M Muneer and President KATI Masood Naqi Tuesday welcomed Prime Minister Mian Nawaz Sharif’s package for export ...

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IMF boosts US growth estimate on expected stimulus  [The Nation] 17 Jan, 2017

WASHINGTON: The International Monetary Fund on Monday boosted its estimates for US growth on expected stimulus spending by the incoming Trump administration, but kept the forecast for global growth unchanged.

The IMF ...

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More than 78 per cent American Companies willing to invest in Pakistan  [The Nation] 17 Jan, 2017

Over 78 percent American companies are willing to invest more in Pakistan over the next 12 months, owing to improved security and long-term economic climate, a survey by the American Business Council (ABC) of Pakistan (ABC) sai ...

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Dar directs uninterrupted supply of fertiliser to farmers  [The Nation] 17 Jan, 2017

ISLAMABAD - Finance Minister Senator Ishaq Dar on Monday directed Ministry of National Food Security and Research to ensure uninterrupted supplies of fertiliser to the farmers as per direction of Pr ...

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Foreign direct investment jumps 10pc  [Dawn News] 17 Jan, 2017

KARACHI: Foreign Direct Investment (FDI) has shown a sign of improvement after a long time as inflows improved 10 per cent year-on-year to cross the $1 billion mark in July-Dec.

The overall investment in ...

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Vegetable prices soar in Karachi after rain  [Dawn News] 17 Jan, 2017

KARACHI: Traders on Monday pushed up vegetable prices by almost 100 per cent, citing thin arrivals from snow-hit Quetta and blockade of the Super Highway Sabzi Mandi following rains on Friday and Saturday.

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Global, emerging economies picking up pace: IMF  [Dawn News] 17 Jan, 2017

WASHINGTON: The Interna­tional Monetary Fund (IMF) projected on Monday that the global economy, especially emerging and developing markets, will pick up pace in 2017 and 2018.

Global growth is projected ...

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Plan to lease out Pakistan Steel Mills for 45 years  [Dawn News] 17 Jan, 2017

ISLAMABAD: As Pakistan Steel Mills (PSM) continues to pile up liabilities, the government is considering leasing the country’s largest industrial complex to a private concern for 45 years under a revenue sharing arrang ...

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About 50pc of Rs550b ADP utilised by Punjab govt so far  [The Nation] 17 Jan, 2017

LAHORE - The Punjab government has utilised almost 50 percent of its total Annual Development Programme (ADP) of Rs550 billion approved in the budget by the Punjab Assembly for 2016-17, as the provi ...

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PCSIR imparts training on fruits’ processing, preservation  [The Nation] 17 Jan, 2017

PESHAWAR - A three-day training session was held for local community of Swat region on the subject of fruit processing and preservation by PCSIR Laboratories, Peshawar, a statement issued here on Mo ...

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PRA in action against tax evading housing societies  [The Nation] 17 Jan, 2017

LAHORE - The Punjab Revenue Authority (PRA) has raided several housing societies and sealed them for tax evasion in Sialkot.

According to the details, officials of ...

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IRSA increases water releases for Balochistan by 1,500 cusecs  [The Nation] 17 Jan, 2017

ISLAMABAD - Indus River System Authority (IRSA) has increased the water releases for Balochistan by 1,500 cusecs while Punjab has extended its annual canal closure by 10 days.

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KCCI demands effective strategy to curb rising street crimes  [The Nation] 17 Jan, 2017

KARACHI - Karachi Chamber of Commerce and Industry (KCCI) President Shamim Ahmed Firpo expressed deep concerns over rising street crimes all over the city and urged the law enforcement agencies (LEA ...

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SECP CROs to remain open on Saturdays  [The Nation] 17 Jan, 2017

ISLAMABAD - Company Registration Offices (CROs) of the Securities and Exchange Commission of Pakistan (SECP) would remain open on Saturday from 9:00 am to 1:00 pm with effect from February 1, 2017 o ...

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