Business News
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Inflation to stay at 28.5% despite ‘economic stabilisation’ | The Express Tribune
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[ad_1] ISLAMABAD: Two days after the central bank elevated its inflation forecast, the federal government on Wednesday significantly upwardly revised its projection, stating that inflation may remain around 28.5% in January due to food supply shocks. In its flagship monthly economic outlook report, the finance ministry anticipates inflation to be around 27.5%-28.5% in January, a…
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NEPRA mulls record Rs5.62/unit hike in electricity prices | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has deferred its decision regarding the request from power distribution companies (DISCOs) to raise the electricity price by Rs5.6194 per unit, citing fuel charges adjustment (FCA) for December 2023. Earlier, the Central Power Purchasing Agency (CPPA), at the behest of DISCOs, submitted an application to NEPRA…
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SNGPL extends suspension of gas supply to CNG stations
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[ad_1] Vehicles queue at a CNG station. — INP/File With the country experiencing an increased demand for gas supply owing to the prevailing cold wave, the Sui Northern Gas Pipelines Limited (SNGPL) Wednesday extended the suspension of gas supply to CNG stations. The gas supply to CNG stations will remain suspended till February 5, the…
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China beats Japan as world’s top vehicle exporter in 2023
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[ad_1] A Neta S electric car at the Shanghai Auto Show. — AFP/File China surpassed Japan to become the world’s largest exporter of vehicles last year, as per the data released by the Japan Automobile Manufacturers Association (JAMA) on Wednesday. Large investments in electric vehicles, an area where Japanese companies have been more cautious, have…
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Chai craze! Pakistanis consume over $336 million worth of tea in 6 months
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[ad_1] Waiters prepare to serve tea to customers at a restaurant in Islamabad, on June 15, 2022. — AFP Tea imports into Pakistan experienced a 5.53% jump during the first six months of the current fiscal year, indicating a continued love affair with the brew, data from the Pakistan Bureau of Statistics (PBS) showed. The…
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SBP announces bank holiday on February 5
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[ad_1] An undated image of the State Bank of Pakistan building. — Online/File The State Bank of Pakistan (SBP) on Wednesday announced a bank holiday on February 5 (Monday), in line with the government’s notification of a national holiday on this day to express solidarity with Kashmiris in the Indian Illegally Occupied Jammu and Kashmir…
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Imran Khan top pick for Pakistan’s economic revival: Bloomberg Survey
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[ad_1] (From left) PML-N supremo Nawaz Sharif, PTI founder Imran Khan and PPP Chairman Bilawal Bhutto-Zardari. — AFP/X/@ForeignOfficePk/File Pakistan’s top economic minds have placed their bets on former prime minister Imran Khan to steer the country out of the economic crisis after undertaking reforms, according to a Bloomberg survey. The Pakistan Tehreek-e-Insaf (PTI) founder, who…
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Here’s how you can set, achieve your financial goals for 2024
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[ad_1] Coins stacked up in this representational image. — Pixabay Money is a vital aspect of life, but whether less or more, managing it can be challenging and can cause financial anxiety. This situation, however, can be fixed with seamless and strategic financial planning, which is an ongoing process that examines every aspect of your…
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Delaware judge blocks Elon Musk’s $55.8bn Tesla pay package
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[ad_1] CEO Elon Musk attends a symposium on “Antisemitism Online” during the European Jewish Association conference in Krakow, on January 22, 2024. — AFP A judge in the United States’ Delaware state has annulled Elon Musk’s Tesla pay package, valued at $55.8 billion, after ruling that the business tycoon and his lawyers were unable to prove…
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Political, security fears drive PSX down | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) continued its losing streak on Tuesday as it dropped over 900 points owing to growing concerns over political noise and security challenges ahead of elections in the country. Despite the beginning of trading on a promising note, marked by the intra-day high of 63,074.51 points, the KSE-100 index was…
