Business News
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IMF says global ‘soft landing’ in sight | The Express Tribune
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[ad_1] WASHINGTON/JOHANNESBURG: The International Monetary Fund (IMF) on Tuesday edged its forecast for global economic growth higher, upgrading the outlook for both the US and China – the world’s two largest economies – and citing faster-than-expected easing of inflation. The…
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Govt likely to increase fuel price | The Express Tribune
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[ad_1] ISLAMABAD: In a potential blow to consumers, the interim government is considering raising petrol prices by Rs8 to Rs11 per litre, effective from February 1, 2024, depending on the exchange rate adjustments. High-Speed Diesel (HSD) prices are also anticipated…
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Elon Musk is no longer world’s richest person — but who is his replacement?
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[ad_1] Elon Musk gestures during a gathering. — AFP/File Bernard Arnault, the head of LVMH (Louis Vuitton Moët Hennessy) has surpassed Tesla’s Elon Musk to become the richest person in the world. The most recent Forbes “Real-Time Billionaires List” shows…
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Cabinet greenlights FBR restructuring
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[ad_1] Caretaker Prime Minister Anwaar-ul-Haq Kakar chairs meeting of the federal cabinet in Islamabad on January 30, 2024. — PID ISLAMABAD: On the recommendations of the Revenue Division, the federal government has greenlighted the proposed plan to restructure and digitise…
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Valentines Day spending expected to reach record high in US
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[ad_1] A couple holding a gift. — Pixabay Valentine’s Day is a day of love when couples express their affection towards each other with greetings and presents. It is annually celebrated on February 14. Couples celebrate the day with the…
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PSX plummets over 900 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed a sharp decline, plummeting over 900 points during the trading session after former prime minister Imran Khan and his close aide, ex-foreign minister Shah Mahmood Qureshi, were both sentenced to…
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Budget deficit surges over 50% | The Express Tribune
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[ad_1] ISLAMABAD: The federal government’s budget deficit widened by more than 50%, primarily due to a steep increase in interest payments that reached Rs4.2 trillion during the first half of this fiscal year, casting doubt on the effectiveness of the…
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SBP to issue new currency notes without disruptive switchover
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) Monday said that it would be introducing new currency notes provisioning security features at par with international standards while avoiding any disruptive switchover. In a statement, SBP Governor Jameel Ahmad said: “The new notes…
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SBP keeps policy rate unchanged at 22%
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[ad_1] SBP Governor Jameel Ahmad addressing a press conference in Karachi on January 29, 2024, in this still taken from a video. — Facebook/@StateBankofPakistan In line with market expectations, the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) kept…
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Gold ‘best investment’ option for beginners in 2024
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[ad_1] Image of bars of gold. — Pixabay Looking to invest but don’t know where to go. Fret not, as you’ve arrived at the right place. Regardless of the amount of money you have, diversifying your portfolio and investing in…
