Business News
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PSX plunges as profit-taking, year-end pressure weigh on sentiment
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[ad_1] A stock broker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP The stock market plunged sharply on Thursday, continuing its downward spiral as profit-taking and aggressive year-end selling persisted. The KSE-100 Index tumbled over 2% at its nadir during the…
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Gold Prices Fall in Global and Local Markets on December 24, 2024 | The Express Tribune
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[ad_1] Listen to article Gold prices have seen a decline in both global and local markets, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). In the international bullion market, the price of gold per ounce dropped by $8, bringing the new global price to $2614 per ounce. Meanwhile, in local markets on Tuesday,…
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Pakistan, China capital markets to deepen ties | The Express Tribune
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[ad_1] Listen to article KARACHI: A high-level delegation from Pakistan’s capital markets, led by Securities and Exchange Commission of Pakistan (SECP) Chairman Akif Saeed, visited China recently. During the one-week visit, the delegation engaged with key Chinese financial institutions, including the China Securities Regulatory Commission, China Securities Depository and Clearing Corporation and others. The primary goal of…
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Stock market rebounds as investors seize opportunity
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[ad_1] A stock broker attends a call during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP The capital market market market saw a recovery on Friday, rebounding from the previous day’s record-breaking losses as investors capitalized on attractive valuations and encouraging economic indicators. A wave of…
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Federal Reserve lowers interest rates but signals fewer cuts by 2025
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[ad_1] Federal Reserve Board Chairman Jerome Powell speaks during a press conference following a meeting of the Federal Open Market Committee at the Federal Reserve on December 18, 2024 in Washington, DC. — Reuters The US Federal Reserve reduced interest rates on Wednesday, with Chair Jerome Powell stating that further reductions will depend on progress…
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SBP governor says hike in inflation expected after 3-4 months
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[ad_1] SBP Governor Jameel Ahmad addresses a press conference in this undated picture. — AFP/File State Bank of Pakistan Governor Jameel Ahmed said on Monday that the inflation would stay low for the next three to four months due to some reasons including “end of base effect and some other things in pipeline”. Ahmed’s statement…
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CM Maryam invites Chinese tech companies to invest in Punjab
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[ad_1] Chief Minister Punjab Maryam Nawaz Sharif pictured while addressing the conference in Guangzhou. — Screengrab LAHORE: Punjab Chief Minister Maryam Nawaz Sharif, on the 6th day of her 8-day long visit to China, invited Chinese technology companies to invest in Punjab as she chaired a roundtable investment conference in Guangzhou. Chinese technology companies responded enthusiastically…
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Chinese delegation shows interest in establishing medical city in Pakistan
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[ad_1] President Asif Ali Zardari (centre) in a group photo with Chinese business delegations, who called on him, at Bilawal House Karachi, on December 12, 2024. — PID A Chinese business delegation called on President Asif Ali Zardar in Karachi and expressed interest in investing $1 billion to establish a medical city in Pakistan to…
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Federal cabinet okays eight IPPs settlement agreements
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[ad_1] Prime Minister Shehbaz Sharif chairs a federal cabinet meeting in Islamabad in this undated picture. — APP/File ISLAMABAD: Months after five independent power producers (IPPs) “voluntarily” agreed to cancel their power purchase agreements (PPAs) with the government, the federal cabinet has greenlighted settlement agreements with bagasse-based power plants, a move that would save national…
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China export restrictions to affect US defence, clean energy
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[ad_1] The flag of China is placed next to the elements of Gallium and Germanium on a periodic table, in this illustration picture taken on July 6, 2023. —Reuters As a trade battle between the two largest economies in the world intensifies, analysts warn that China’s retaliatory export restrictions may have a negative impact on…
