Pakistan stocks slightly down amid profit-taking

KARACHI: The Pakistan bourse witnessed a profit-taking session, amid rupee depreciation, where the KSE-100 Index managed to sustain near previous levels, dealers said. –JAVED MIRZA

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Engro Polymer achieves first-ever carbon-neutral ethylene voyage

KARACHI: The Engro Polymer and Chemicals Limited (EPCL) has achieved its first-ever carbon-neutral voyage on the ethylene-laden vessel Gaschem Dollart, a statement said on Wednesday. has achieved its first-ever carbon-neutral voyage on the ethylene-laden vessel Gaschem Dollart, a statement said on Wednesday. –LATIFUR REHMAN

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MMBL, VRG partner to equip non-smartphone users

KARACHI: The Mobilink Microfinance Bank Limited (MMBL) has signed an agreement with Virtual Remittance Gateway (VRG) to give access to its non-smartphone users to their bank accounts, a statement said on Wednesday. –LATIFUR REHMAN

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Prices of imported mobile phones likely to go up

KARACHI: The Federal Board of Revenue (FBR) plans to replace the fixed sales tax regime with the normal regime on import of mobile phones, which will generate sizeable revenue for the government and encourage the sale of locally-manufactured mobile phones, sources said on Wednesday. –SHAHNAWAZ AKHTER

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SBP awards Rs100 million contract to Supernet for IT, cyber-security domain

KARACHI: The State Bank of Pakistan (SBP) has awarded a contract worth Rs100 million for IT and cyber-security domain to Supernet Limited, a bourse filing said on Wednesday. –LATIFUR REHMAN

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LCCI urges govt to incentivise local auto industry

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to incentivise the local auto industry in the upcoming auto policy to ensure production of high-tech parts/components locally, a statement said. –IQTIDAR GILANI

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KTBA condemns FTO statement, demands resignation

KARACHI: The Karachi Tax Bar Association (KTBA) has passed a resolution to condemn the statement of Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah, a statement said. –SHAHNAWAZ AKHTER

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PDWP approves development scheme

LAHORE: The Provincial Development Working Party (PDWP) has approved the execution of the road sector development scheme at an estimated cost of Rs732.916 million. –IQTIDAR GILANI

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Dollar makes new record high of Rs177.43 in interbank market

KARACHI: The dollar recorded another high of Rs177.43 against the rupee at the closing of interbank foreign exchange market on Wednesday. –SHAHNAWAZ AKHTER

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FBR defers implementation of property valuation till January 16, 2022

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday deferred the implementation of new and revised valuations of immovable properties till January 16, 2021; following anomalies pointed out by the stakeholders. –HAMZA HABIB

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ADB approves financial assistance of $603 million for Ehsaas Programme

ISLAMABAD: The Asian Development Bank (ADB) has approved a $603 million result-based lending programme to strengthen and expand social protection programmes in Pakistan, a statement issued on Wednesday. –HAMZA HABIB

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Site Limited keen to improve infrastructure of area

KARACHI: Site Limited managing director Munawar Ali Mahesar has expressed keen interest in the development of the Site area through sound and secure infrastructure, a statement said. –SHAHNAWAZ AKHTER

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