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Energy stocks drag Sri Lankan shares lower
Sri Lankan shares closed lower on Wednesday, dragged by energy stocks. The CSE All-Share index settled 0.64% lower at 20,517.55 points.
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Pakistan and world business news from seven outlets, one story per event. Updated just now.
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FBR to Monitor 5 Major Industries With Cameras
The Federal Board of Revenue (FBR) has authorized four vendors to install and operate electronic production monitoring equipment at manufacturing
ProPakistaniGulf bourses retreat as Saudi-Houthi tensions surge
Most Gulf stock markets ended lower on Wednesday as fighting between Yemen’s Houthis and Saudi-backed government forces intensified on several fronts.
Business RecorderNew 5-Year Auto Policy Nears Final Approval
Pakistan’s new auto policy is nearing completion, with the government planning changes to vehicle imports, localization, tariffs, electric vehicles and
ProPakistaniPPL is Moving Entire Business With 500+ Staff to Islamabad
Pakistan Petroleum Limited (PPL) is relocating more than 500 employees from Karachi to a new head office in Islamabad. This
ProPakistaniElectric Car Buyers to Get 5-Year Rs. 1 Crore Loans
Pakistan is planning major tax incentives and financing support for electric and new energy vehicle buyers under its draft Automotive
ProPakistaniPensioners to Get New Investment Option
The Securities and Exchange Commission of Pakistan (SECP) has introduced a Passive Equity Sub-Fund under the Voluntary Pension Scheme (VPS),
ProPakistaniPakistan Navy seizes narcotics worth $96mn in Arabian Sea operations
Pakistan Navy seized narcotics worth approximately $96 million in two separate counter-narcotics operations in the Arabian Sea, the military’s media wing said on Wednesday.
Business RecorderIndia-bound sunflower oil cargoes face cancellation, delays as war disrupts Russian shipments
MUMBAI: A shipment of Russian sunflower oil bound for India was cancelled and other cargoes have been delayed after attacks on Black Sea ports disrupted exports from India’s top supplier, an…
Business Recorder19% Govt Loans Reach Home Buyers
Pakistan’s banking system has approved more than Rs. 400 billion in financing for affordable housing, but only around Rs. 76
ProPakistani
Gove to Punish Car Makers for Missing Export Targets Under New 5-Year Policy
The federal government plans to punish automobile manufacturers and Tier-1 auto parts companies for missing mandatory export targets under the
ProPakistaniGovt plans to raise mortgage finance to 5% of GDP by 2035
The government has proposed raising mortgage finance to 5% of gross domestic product (GDP) by 2035 from below 0.5% currently, alongside plans to build 300,000-400,000 housing units annually under a…
Business RecorderCopper slips on firmer dollar, supported by supply worries
LONDON: Copper prices edged lower on Wednesday, undermined by a stronger dollar, but losses were modest due to firm demand and concerns about possible mine disruptions.
Business RecorderNew Import Law Will Cost Car Industry Rs. 50 Billion
The Pakistan Automotive Manufacturers Association (PAMA) has asked the government to suspend new rules governing the commercial import of used
ProPakistaniGold Plunges Near Rs. 4.2 Lac
Gold prices in Pakistan fell on Wednesday after sudden fluctuations in the international market. According to rates released by the
ProPakistani
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