BUSINESS
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PSX rallies nearly 2,000 points as oil prices ease
The Pakistan Stock Exchange (PSX) extended its bullish momentum on Wednesday as investor sentiment improved amid easing global oil prices…
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Pakistan reopens offshore exploration frontier after two decades
Pakistan formally reopened its offshore exploration frontier after nearly two decades on Wednesday as the government signed Production Sharing Agreements…
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AIIB eyes road, power projects
Asian Infrastructure Investment Bank (AIIB) Vice President Konstantin Limitovskiy met Federal Minister for Communications Abdul Aleem Khan and Power Minister…
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Oil ministry seeks Rs1tr levy cap
The Petroleum Division has opposed increasing the petroleum levy tax target and suggested cutting it to Rs1 trillion while reducing…
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Iranian oil smuggling surges again
Amid the US-Iran war, smuggled petroleum products from Iran have started flooding Pakistan’s markets, stoking fears among local oil refineries.…
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Investors book gains amid US-Iran tensions
Pakistan’s stocks on Friday came under pressure as renewed geopolitical tensions between the US and Iran near the Strait of…
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Payment delays squeeze processors
Small dyeing and bleaching companies working within Pakistan’s textile supply chain are facing increasing financial stress as delayed payments from…
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Govt set to scrap tax on oil machinery imports
The government has finally come into action to secure an investment of $6 billion in the oil refining sector as…
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IMF flags ZTBL privatisation risks
The International Monetary Fund (IMF) has flagged that Pakistan’s decision to privatise Zarai Taraqiati Bank Limited (ZTBL) could raise issues…
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Pakistan fights US forced labour probe
Pakistan is pursuing a case in Washington in the backdrop of the withdrawal of reciprocal tariffs imposed by the Trump…
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