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Pakistan Stock Index closed at 45,677pts today

· Market dipped further by 358pts during the session courtesy of redemption at mutual funds which prompted selling in Banks, E&P, Power, Cement and O&GMCs. Investors preferred switching to Food, Chemical and Power sectors as safe haven. E&P stocks went contrary to the trend of international crude oil prices, which went up overnight.

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Accountancy and finance profession viewed as being ‘broadly inclusive’, but more needs to be done, finds global research

Sixty-one per cent of global respondents to a survey amongst accountancy and finance professionals say that they work in an environment free from harassment and discrimination, ACCA (the Association of Chartered Certified Accountants) reveals in a new report Leading Inclusion.

The results for the 466 respondents in Pakistan show 52 per cent believe this to be the case, with 37 per cent saying ‘partially’ and nine per cent saying ‘no’.

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Agha Dialysis Centre provides free dialysis treatment

Agha Dialysis Centre (ADC) has provided specialized free dialysis treatment to more than 50,000 patients suffering from renal disease at its facilities in Karachi since its establishment in July 2015.The ADC is run by Agha Welfare Trust (AWT) and provides safest, most effective specialized treatment to people suffering from end-stage renal disease free of cost.

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FBR target should be revised downward by Rs400 billion: Mian Zahid Hussain

Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said a slight reduction in government borrowing has been noticed.

The government has borrowed Rs899 billion in the first five months of the current fiscal pushing debt to s24.11 billion while its favourite tool remained Pakistan Investment Bonds, he said.

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Pakistan Steel industry and expected profit

A leading research house expects that Steel Universe (Comprising of three top steelmakers in Pakistan) would post a cumulative 2QFY21 NPAT of PKR1,873mn, up 83% YoY. Overall profitability is expected to rise due to increased sales led by a broad-based surge in demand from the construction space, 2/3 wheelers and other segments.

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