BOL NEWS BUSINESS DIGEST: January 18, 2022

BOL NEWS BUSINESS DIGEST: January 18, 2022

BOL NEWS BUSINESS DIGEST: January 18, 2022

BOL NEWS BUSINESS DIGEST. Image: Unsplash

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PSX announces Alfalah Consumer Index Exchange Traded Fund launch

KARACHI: The Pakistan Stock Exchange (PSX) has announced the launch of Alfalah Consumer Index Exchange Traded Fund (ACIETF), a statement said on Monday. –LATIFUR REHMAN

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Rupee gains 15 paisas against dollar

KARACHI: The rupee gained 15 paisas against the dollar on Monday, as holiday in the US markets lowered the foreign currency demand in the domestic market, dealers said. –SHAHNAWAZ AKHTER

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KSE-100 Index shed 151 points over renewed Covid concerns

KARACHI: The Pakistan equity market closed in the red zone, amid rising Covid-19 pandemic cases across the world. –LATIFUR REHMAN

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Punjab chief secretary directs timely utilisation of funds

LAHORE: Punjab Chief Secretary (CS) Ali Afzal has directed all departments to ensure timely and transparent utilisation of allocated funds, and devising a mechanism to streamline the process of release of funds. –IQTIDAR GILANI

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Unisame recommends barter trade with Iran

KARACHI: The Union of Small and Medium Enterprises (Unisame) has urged the ministry of commerce to facilitate barter trade with Iran as trade ties are re-established between the commerce ministries of both countries, a statement said on Monday. –LATIFUR REHMAN

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Businessmen demand representation in government bodies

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to ensure adequate representation of the private sector in all important bodies, a statement said on Monday. –IQTIDAR GILANI

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Samana Developers retains top 20 seller rank in 2021

DUBAI: The total revenues of Samana Developers January-December 2021 increased more than 50 per cent, as it retained its revenue growth and top rank in 2021, a statement said on Monday.

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Khyber-Pakhtunkhwa signs agreements worth $8 billion at Expo Dubai

KARACHI: The Khyber-Pakhtunkhwa (KP) province signed over 40 memorandums of understanding (MoUs) at Expo 2020 Dubai that would bring foreign investment worth $8 billion, Arab News quoted the KP investment board and officials as saying. –WEB DESK

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China’s GDP expands 8.1% in 2021

BEIJING: China’s economy posted stable growth in 2021 despite challenges including sporadic epidemic resurgences and a complicated external environment, official data showed on Monday. –XINHUA

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