Business News
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Saudis to up their deposits in SBP by $2b | The Express Tribune
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[ad_1] ISLAMABAD: Riyadh and Islamabad have reached an agreement to surge the Saudi deposits in the State Bank of Pakistan (SBP) by $2 billion – increasing them from $3 billion to $5 billion. Saudi Arabia Holding Company CEO Mohammad AlQahtani…
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Pakistan Railways slashes train fares for Eid holidays
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[ad_1] Passengers wait for the train to travel back home to be with their families ahead of the Eid ul Fitr in Karachi on June 2, 2019. — AFP The Pakistan Railways (PR) on Tuesday announced a 25% reduction in…
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PSX eclipses record on Saudi pledge | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Tuesday achieved another milestone as it breached the 70,000 barrier and rose to a new record high in the backdrop of favourable data of remittances that soared 16.4% year-on-year (YoY) to $2.95 billion…
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HSBC takes $1b hit from Argentina sale | The Express Tribune
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[ad_1] LONDON: HSBC is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said on Tuesday, as it continues to shrink its once globe-spanning empire to focus on Asia. HSBC is selling the…
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Sesamum seeds export to China rises 68% | The Express Tribune
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[ad_1] BEIJING: Pakistan’s sesamum seeds export to China crossed $10.10 million in the first two months of 2024, showing a growth of 68.11% year-on-year. Pakistan Embassy Investment and Trade Counsellor in Beijing Ghulam Qadir said that according to the General…
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Stakeholders for road infrastructure upgrade | The Express Tribune
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[ad_1] KARACHI: Leading builders and exporters have urged that before hastily imposing the Axle Load Regime of the National Highway Safety Ordinance (NHSO) 2000 based on international rules, the government must prioritise building road infrastructure in compliance with international standards….
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Gold surges to new historic high | The Express Tribune
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[ad_1] KARACHI: The price of gold soared to a new historical high of Rs247,600 per tola (11.66 grams) in Pakistan, aligning with global trends. This surge occurred as the domestic currency remained relatively stable, hovering near a one-week low at…
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PASSCO seeks more credit than wheat cost | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Finance has raised objections to the cash credit limit sought by Pakistan Agricultural Storage and Services Corporation (Passco), which is higher than the cost of wheat to be procured from farmers. The Economic Coordination Committee…
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PMDC to export pink salt to US firm | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Mineral Development Corporation (PMDC) has initiated an agreement execution process with an American company for the export of pink salt, marking a significant step towards leveraging the country’s mineral potential. The establishment of the Mines and Minerals…
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PSX tops 70,000 points driven by Saudi $5bn pledge, IMF hopes
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[ad_1] A person can be seen in the Pakistan Stock Exchange (PSX) in this undated photo. —AFP/FIle KARACHI: The Pakistan Stock Exchange (PSX) breached the key psychological barrier of 70,000 points to hit another all-time high, driven by Saudi Arabia’s…
