Business News
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Which 11 US states require home buyers to pay more than $200,000?
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[ad_1] A long shot of American bungalows. — X/@shutterstock US home prices increased 3.5% in October 2023 nationally on an annual basis as the number of homes for sale declined by 10.9% while the number of homes sold decreased by 9.43% during this period; however, there are still many states where a person needs to…
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Pakistan to get ADB’s help for boosting power transmision system
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[ad_1] Power transmission poles in a rural area of Pakistan seen in this undated photo. — AFP/File The Asian Development Bank (ADB) has pledged to lend $250 million to Pakistan to strengthen the power transmission system for sustainable economic growth of the country, the regional lender said on Friday. The aid will “help deliver reliable…
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SBP unveils fourth strategic plan | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) on Friday launched its fourth five-year strategic plan titled “SBP Vision 2028”, aimed at ensuring financial stability and sustainable economic growth through navigating new challenges and capitalising on opportunities including climate change, rapid digital innovations, disruptions and cyber security threats. The strategic plan covering the period 2023-28…
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PSA joins govt for 60% renewable vision by 2030 | The Express Tribune
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[ad_1] LAHORE: The Pakistan Solar Association (PSA) has pledged its commitment to collaborate with the government of Pakistan to achieve the ambitious goal of generating 60% renewable electricity by 2030. The announcement was made by PSA Chairman Amir Chaudhry at the ‘Lets Grow Together’ event on Friday. Chaudhry expressed the association’s excitement, emphasising the importance…
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Action plan in place for FBR restructuring | The Express Tribune
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[ad_1] KARACHI: The caretaker government has developed an action plan to restructure the Federal Board of Revenue (FBR) by separating Customs from the revenue collection function. In her online address at the concluding session of the two-day conference titled “The Future Summit – The Big Picture”, organised by the Nutshell Group, Caretaker Federal Minister for…
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PSX to auction T-bills, PIBs from next month | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) is all set to facilitate the auction of government debt securities (GDS) like T-bills and Pakistan Investment Bonds (PIBs) and allow the general public to invest in these products smoothly. Briefing media on the planned launch of its GDS platform next month, PSX MD and CEO Farrukh H Khan…
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Here are US states with highest, lowest credit scores — Does it really matter?
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[ad_1] A US citizen gestures while looking at her tablet. — X/@usshippingexpress Americans appear to have rather high credit ratings overall from east to west, however, these credit figures differ from state to state with just 1.6% of the 232 million American consumers with credit scores having a perfect 850. As of the first quarter…
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Oil prices fall amid US production, China energy concerns
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[ad_1] An oil plant located in the United States. — AFP/File In response to indications of increased production in the US and prospects of poor energy demand in China, investors in New York responded by sending oil prices down more than $3 a barrel on Thursday, prolonging losses from the previous session. Brent futures had…
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Staff-level agreement with IMF boosts PKR, KSE-100
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[ad_1] An investor at the KSE-100 Index talking on the phone in this undated picture. — AFP/File Taking positive cues from the staff-level agreement between Pakistan and the International Monetary Fund (IMF), the rupee broke its 17-session losing streak while the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index rallied past 57,000 points. Pakistan, a day…
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Rupee recovers against USD as PSX crosses 57,000 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) surpassed the milestone of 57,000 points, hitting a new all-time high during early trading hours on Thursday following the staff-level approval by the International Monetary Fund (IMF) for a loan tranche of $700 million. The successful completion of the first IMF review of the domestic economy also helped…
