Business News
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IT exports expected to exceed $3b | The Express Tribune
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[ad_1] Major achievements included the incorporation of the IT industry into the SIFC, allowing 50% retention of dollars in forex bank accounts, and the introduction of Paypal services to freelancers. photo: AFP KARACHI: Leading Information Technology (IT) companies have envisioned continuing the momentum of IT and IT-enabled services exports to various countries with increased government…
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Bonds rally on Goldman Sachs forecast | The Express Tribune
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[ad_1] KARACHI: Responding to Goldman Sachs’ forecast of a rebound in Pakistan’s US dollar-denominated Eurobond, the leading foreign bond maturing in April 2024, and others maintained an uptrend for the second consecutive working day on Friday. This marks a partial recovery from the approximately 5% decline following the post-election upset. In a story titled ‘Goldman…
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Millennials most obsessed with ‘appearing rich’ compared to other generations
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[ad_1] A representational image of “affluent millennials”. — Garmany/File Fake it till you make it — a bane or a boon? Millennials face the most financial challenges, unlike other generations; from high housing costs to impending student loans, their hands are full, yet their generation is still the most money-obsessed ever, the New York Post reported.…
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Govt approves Rs2.73 per litre petrol price hike
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[ad_1] A fuel station worker fills petrol in a motorbike in Karachi, on October 16, 2023. — PPI As the country battles rampant inflation, the caretaker government Thursday announced an Rs2.73 per litre hike in petrol price for the next fortnight to Rs275.62 per litre. As per the notification issued by the Finance Division, the…
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Who, what is behind UK, Japan recession?
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[ad_1] Britain’s Prime Minister Rishi Sunak meets Japanese Prime Minister Fumio Kishida during their bilateral meeting in Hiroshima on May 18, 2023. — AFP The latter three months of 2023 saw a drop in the Gross Domestic Product (GDP), which signalled the formal start of the recession in the UK and Japan. The Office for…
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Market watch : Stocks slump over changing political scenario | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Thursday slid nearly 2% to around 61,000 points as the race among different political parties intensified for forming a new government, sparking worries among investors who refrained from building new positions. In the morning, the trading session commenced on a dull note as selling pressure weighed on investor…
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Traders urge govt to withdraw gas price hike | The Express Tribune
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[ad_1] KARACHI: Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) President Muhammad Farooq Shaikhani has hit out at the Economic Coordination Committee (ECC) for its decision to make a massive increase of 65% in gas tariffs. He appealed to all political leaders and the country’s rulers to withdraw the gas price hike promptly to…
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Residential gas prices increased by 67% | The Express Tribune
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[ad_1] ISLAMABAD: The federal cabinet on Thursday increased gas prices for residential users up to 67% and for fertiliser plants by 700% to recover additional Rs242 billion from all the consumers – in a decision that attempts to bring some equity in the rates of the fast depleting natural asset. Immediately after the cabinet meeting,…
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Valentine’s Day 2024: Why US couples choose to cook meals at home over going out?
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[ad_1] A couple having a Valentine’s Day dinner. — Adobe Stock/File Regardless of how your romantic meal turns out, if you and your significant other decide to cook together on Valentine’s Day at home, you’ll be saving a good chunk of cash as opposed to going out to eat. According to January Consumer Price Index…
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IMF loan uncertainty very high | The Express Tribune
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[ad_1] KARACHI: Moody’s Investors Service has given a “credit negative” signal to Pakistan in the face of prolonged political ambiguity and social tensions over election results, which will make it tough to approach the IMF for a new programme, weaken external economy and make liquidity management more challenging. In its report titled “Political uncertainty persists…
