Business News
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If you got $2 bills, you may have just hit a jackpot, says US Currency Auctions
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[ad_1] 2$ dollar bills kept on a table. — X/@alamy If you have a $2 bill somewhere around, you should know that they may be worth thousands — as per the information provided by US Currency Auctions, certain $2 bills are worth about $5,000. According to the business, 1890 $2 notes with a red or…
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Punjab govt exempts IT sector from smog restrictions | The Express Tribune
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[ad_1] ISLAMABAD: The Punjab government has responded to the urgent plea of the Pakistan Software Houses Association for IT & ITeS (P@SHA) by exempting the IT sector, including call centres and international IT centres, from the recent smog-related restrictions. In a move to mitigate unintended consequences on various businesses, the Punjab government, through order NO.SO(G)/P&SHD/4-1/2023,…
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IMF seeks taxes on agriculture, real estate
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[ad_1] This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP ISLAMABAD: During the ongoing review of a $3 billion short-term loan agreement, the International Monetary Fund (IMF) has pressed Pakistani authorities to impose a tax on agriculture, real estate, and retail sectors,…
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Gas price hike notified | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s gas and power regulators on Wednesday jacked up the prices of the two significant necessities, making life further difficult for the inflation-hit people of the country. The Oil and Gas Regulatory Authority (Ogra) notified a substantial increase in the prices of natural gas effective from November 1 this year, “in accordance with…
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Smog: SBP announces bank holiday in Punjab districts on Nov 10
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[ad_1] An undated file image of the State Bank of Pakistan building. — AFP/File In line with the provincial authorities’ measures to combat smog, the State Bank of Pakistan (SBP) on Wednesday announced that all bank branches would remain shut in Lahore and other districts of the province on Friday (November 10). The SBP’s announcement…
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PSX invites entrepreneurs for low-cost trading rights | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) has introduced “online only broker” category by inviting all entrepreneurs including start-ups and fintechs to apply for low-cost trading rights and licensing. The settlement of trades through the online only broker will be done by an e-clearing company as the new stockbroker category will end physical interaction. In a…
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Rupee shows signs of stabilisation | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee showed resilience on the thirteenth consecutive working day of its losing streak, indicating a potential stabilisation near the current level, slightly below Rs287 against the US dollar in the interbank market on Wednesday. Data from the State Bank of Pakistan (SBP) revealed that the domestic currency declined by 0.18%, or…
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What will Alexandria Public Schools specifically do with $313 million?
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[ad_1] Students in an examination hall of a US school. — AFP/File Alexandria City Public Schools (ACPS) released information on the $313,957,900 budget for its Capital Improvement Project — part of the money will go towards modernising certain school buildings and addressing capacity. The funds will be utilised between FY 2025 and FY 2034. The…
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Pakistan suffering Rs8 trillion in tax loss each year due to illicit trade
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[ad_1] Shipping activity can be seen at Port Qasim, Karachi. — APP/File Amid dire economic circumstances, Pakistan is also losing Rs8 trillion each year in tax loss due to rampant illicit trade which is further exacerbating the country’s worrisome financial indicators. Pakistan has “one of the highest” illegal trade in Asia, amounting to $68 billion or…
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WeWork files for bankruptcy after drop in shares
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[ad_1] The WeWork logo is displayed outside of an office space rental location in Santa Monica, California on March 20, 2023. — AFP WeWork, the shared office giant backed by Japanese technology group SoftBank, announced Monday that it had filed for bankruptcy in a bid to negotiate down its debt after years of serious financial…
