Business News
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Starmer pledges support for businesses hit by Trump tariffs ‘storm’
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[ad_1] British Prime Minister Keir Starmer leaves 10 Downing Street in London, Britain, April 2, 2025. — Reuters LONDON: Prime Minister Keir Starmer has pledged the government support for British businesses facing disruption from US President Donald Trump’s new tariffs, warning that action may be needed to protect key industries from the growing trade fallout. “We…
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US slaps higher duties on Pak competitors | The Express Tribune
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[ad_1] Listen to article The United States has imposed reciprocal tariffs on different countries, including Pakistan to manage trade deficit and revive its manufacturing sector, seen by some as a threat to their exports, whereas some other look at it as an opportunity to boost their exports. Pakistan is one of those countries which do not deem…
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Trump says TikTok sale deal to come before Saturday deadline
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[ad_1] US flag and TikTok logo are seen in this illustration taken on January 8, 2025. — Reuters President Donald Trump said a deal with TikTok’s Chinese parent ByteDance to sell the short video app used by 170 million Americans would be struck before a deadline on Saturday. Trump set the April 5 deadline in…
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Pakistan’s late crypto move | The Express Tribune
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[ad_1] Listen to article KARACHI: Although late, as usual – a trait of any developing conservative country – Pakistan has finally decided to adopt cryptocurrency. However, better late than never. Prime Minister Shehbaz Sharif, on March 15, 2025, constituted the Pakistan Crypto Council (PCC), mandated to introduce new regulatory guidelines for launching digital currency – a move…
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Petrol price reduced by Re1 for the next two weeks
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[ad_1] Vehicles lined up at the Pakistan State Oil petrol pump in this undated photo. — Online/File ISLAMABAD: The federal government on Friday announced a reduction in petrol prices by Re1 per litre for the next 15 days, providing slight relief to consumers amid fluctuating global oil prices. According to a notification issued by the…
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Govt borrows Rs1.67tr via T-bills | The Express Tribune
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[ad_1] The government has borrowed Rs1.67 trillion from private banks and other institutions in its latest treasury bill auctions. The State Bank of Pakistan (SBP) raised Rs1.67 trillion through auctions for Pakistan Investment Bonds (PIBs) and Market Treasury Bills (MTBs) held on March 26, 2025, with settlement scheduled for April 3, 2025. The PIB auction…
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PSX falls 2,000+ points on cement sector woes, shrinking volumes
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[ad_1] A broker talks on phone as he looks at an index board showing the latest share prices at the PSX in Karachi on February 10, 2023. — AFP The capital market took a sharp downturn and closed in the red on Monday, driven by mounting concerns in the cement sector, thin trading volumes ahead…
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Europe questions Fed’s dollar support | The Express Tribune
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[ad_1] Listen to article LONDON/MADRID/FRANKFURT: Some European central banking and supervisory officials are questioning whether they can still rely on the US Federal Reserve to provide dollar funding in times of market stress, six people familiar with the matter said, casting some doubt over what has been a bedrock of financial stability. The sources told Reuters they…
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Bullish streak continues as PSX crosses 119,000 mark
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[ad_1] Brokers are busy in trading at Pakistan Stock Exchange (PSX) in Karachi on Wednesday, October 23, 2024. — PPI The capital market continued its record-breaking rally on Thursday, closing at an all-time high as investor optimism surged over progress in economic reforms and the government’s negotiations with the International Monetary Fund (IMF). The rally…
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Net metering changes threaten solar industry | The Express Tribune
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[ad_1] Listen to article LAHORE: Chairman of the Pakistan Solar Association (PSA), Waqas Moosa, has warned that proposed changes to net metering regulations will significantly impact the dynamics of the solar industry, particularly the residential and Small and Medium sized Enterprises (SMEs) sectors. The proposed regulations aim to extend the payback period for on-grid photovoltaic (PV) systems…
