Business News
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Businessman explores auto opportunities in Shanghai | The Express Tribune
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[ad_1] BEIJING: China has transformed itself to a global leader in advanced automotive technologies over the past few decades, Fahad Iqbal Butt, Director of New Genuine Auto Parts said. While attending the ongoing Automechanika Shanghai 2023, being held from November 29 to December 2nd, he said that Pakistan can benefit from these trends by collaborating…
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In meeting with Dutch counterpart, PM Kakar seeks investment in Pakistan
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[ad_1] Caretaker Prime Minister Anwaar-ul-Haq Kakar meets his Dutch counterpart Mark Rutte on the sidelines of the high-level segment of the UN’s 28th Conference of Parties on December 1, 2023. — PID DUBAI: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Friday met his Dutch counterpart Mark Rutte and invited Netherlands’ businessmen to invest in the agriculture,…
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Pakistan’s trade deficit narrows by 33.5%, imports down by 17.3%
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[ad_1] A representational image of shipping containers at a dockyard. — AFP/File Recent data released by the Pakistan Bureau of Statistics (PBS) has shown that the country’s trade deficit has witnessed a whopping 33.59% with a notable 17.3% decrease in imports as the country struggles to improve the economic indicators amid depreciating local currency and…
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FA approved for Roosevelt Hotel | The Express Tribune
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[ad_1] ISLAMABAD: On Friday, Pakistan approved the hiring of an American real estate management firm for the privatisation of its prized real estate asset, the Roosevelt Hotel, located in the heart of New York. The badly managed property is currently owned by Pakistan International Airlines (PIA). The Privatisation Commission’s board granted approval to appoint the…
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Import measures yield $4.8b savings | The Express Tribune
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[ad_1] ISLAMABAD: Last month, Pakistan maintained tight control over imports to offset the shortfall in foreign loans, resulting in a trade deficit of only $9.4 billion during the first five months of this fiscal year – saving about $4.8 billion through administrative measures. The latest trade bulletin from the Pakistan Bureau of Statistics (PBS) for…
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US federal judge blocks Montana’s ban on TikTok
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[ad_1] This illustration shows the logo of the social network application TikTok (top) and a US flag (bottom). — AFP/File A state law that would ban TikTok in Montana next year was blocked Thursday by US District Judge Donald Molloy who issued a preliminary injunction, saying it “oversteps state power and infringes on the constitutional…
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Finance ministry to oversee four SOEs | The Express Tribune
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[ad_1] ISLAMABAD: The National Highway Authority (NHA), Pakistan National Shipping Corporation (PNSC), Radio Pakistan and Pakistan Post will now function under independent boards – as the caretaker government kicked off a process to meet another condition set by the International Monetary Fund (IMF) for the release of the next tranche of $700 million to the…
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Petrol price in Pakistan remains unchanged for next fortnight
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[ad_1] Fuel station attendant filling up a car at a petrol station. — AFP/File ISLAMABAD: The interim federal government has decided to keep the petrol price unchanged for the next 15 days — till December 15 — at Rs281.34 per litre. However, the high-speed diesel (HSD) has been slashed by Rs7 per litre while kerosene…
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FBR exceeds tax target, avoids mini budget | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed the revenue collection target for the fifth consecutive month, amassing nearly Rs3.5 trillion, remaining on track to achieve the goal set by the International Monetary Fund (IMF) and avoiding the need for a mini-budget. The tax authorities collected Rs34 billion more than the target set…
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Industrialists announce shutdown on Dec 4 | The Express Tribune
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[ad_1] KARACHI: Industrialists of Karachi have announced a strike on December 4 to protest the whopping and unaffordable gas tariffs, which have made all seven industrial zones of the port city unviable and uncompetitive. They have called for applying forthwith the reduced gas tariff of Rs1,350 per million British thermal units (mmBtu) determined by the…
