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Pak-Afghan Tensions Trigger Sharp 4,600-Point Drop in Pakistan Stock Exchange
The Pakistan Stock Exchange plunged over 4,600 points as border clashes with Afghanistan rattled investor confidence. Analysts cite rising geopolitical tensions and global market pressure for the sharp decline.
Muhammad Hashir
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Pakistan Seeks IMF Extension to Publish Corruption & Governance Report
Pakistan seeks more time from the IMF to release its Corruption & Governance Report as virtual talks continue on wheat procurement, provincial taxes, and post-flood economic reforms.
Muhammad Hashir
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Saudi Business Delegation Signs Key Energy MoUs in Pakistan, Eyes Major Investments in Sindh
A high-level Saudi business delegation led by Prince Mansour bin Mohammad Al Saud arrived in Pakistan, signing key MoUs on K-Electric’s ownership and energy collaboration. Sindh CM Murad Ali Shah invited Saudi investors to explore major projects across 12 priority sectors.
Muhammad Hashir
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Nepra Fines K-Electric Rs25m Over 2023 Nationwide Power Breakdown
Nepra has imposed a Rs25m fine on K-Electric for failing to perform black start tests and restore power during the January 2023 nationwide breakdown. KE calls the decision “surprising” and says it will review the regulator’s findings.
Muhammad Hashir
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SBP Clarifies No Major Revision Expected in Current Account Data After PBS Trade Update
State Bank of Pakistan says its trade data is based on bank payment records, not PBS figures—so no major revision expected in current account balance despite PBS trade data update.
Muhammad Hashir
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IMF Bars Federation from Funding Flood-Affected Area Schemes as Key Economic Talks Begin
IMF halts federal funding for flood-hit areas, urging provinces to finance rehabilitation from their own budgets. Talks today to cover Reko Diq, power sector reforms & privatization plans.
Muhammad Hashir
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IMF Pressures Pakistan to Review Used Car Import Schemes for Overseas Pakistanis
IMF urges Pakistan to review used vehicle import schemes amid misuse concerns. Govt weighs stricter criteria or limiting schemes, as local auto industry pushes for ban.
Muhammad Hashir
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PIA to Resume UK Flights From October 25, Starting With Manchester-Islamabad Route
PIA resumes UK flights from Oct 25, starting with nonstop Manchester–Islamabad service. More routes to follow soon.
Muhammad Hashir
