Business News
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Rupee continues to slide on 10th day | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency continued its slide for the tenth consecutive working day, reaching a one-month low above Rs284 against the US dollar in the interbank market on Friday. According to State Bank of Pakistan (SBP) data, the local…
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Power industry calls for release of vital reports | The Express Tribune
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[ad_1] ISLAMABAD: Frustration is growing among power industry stakeholders due to significant delays in the release of crucial reports by the power regulator, which are essential for informed decision-making. In particular, the absence of timely data is hindering the effective…
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Cotton production jumps by 83% | The Express Tribune
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[ad_1] KARACHI: Cotton production in Pakistan has seen an impressive 83% increase in the 2023-24 season, with a total of 6.79 million bales, offering relief to the nation’s foreign exchange reserves, which have been under significant pressure due to the…
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Pakistan opens new doors for foreign investment in diverse fields: Masood Khan
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[ad_1] Pakistan’s Ambassador to the United States Masood Khan addressing a seminar in Washington, US. — Radio Pakistan Highlighting an investment-friendly environment and business opportunities available in Pakistan, Islamabad’s ambassador to the United States has said that his country has…
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PSX surges past 53,000 points to reach all-time high
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[ad_1] An investor at the PSX. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) Friday surged past the 53,000 point mark to hit an all-time high after it gained over 400 points on positive cues including political clarity over the election…
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Banks must guard against faster bank runs: BoE’s Hauser | The Express Tribune
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[ad_1] LONDON: Financial regulators will need to make sure that banks retain adequate financial buffers as advances in technology increase the risk of bank runs, a senior Bank of England official said on Friday. Challenges facing central banks included “how…
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Global stocks set for best week in a year | The Express Tribune
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[ad_1] LONDON/SINGAPORE: Global stocks were on track for their biggest weekly rise in a year on Friday as investors cheered a pause in US interest rate hikes, while the dollar was on the back foot. Trading on Friday was relatively…
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IMF urges Pakistan to strictly implement targets as agreed
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[ad_1] An International Monetary Fund official speaks during an interview with AFP at the IMF headquarters in Washington, DC, on July 26, 2022. — AFP ISLAMABAD: Pakistan has been informed by the International Monetary Fund (IMF) that it needs to…
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US Fed keeps interest rates at 22-year high in attempt to curb inflation
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[ad_1] Security personnel walk past the US Federal Reserve building in Washington, DC on Oct 22, 2021.— AFP In an effort to curb persistent inflation without weakening the robust economy, the US Federal Reserve decided on Wednesday to keep interest…
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Walmart announces two Black Friday deals with major savings
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[ad_1] Shoppers flock to a Walmart store in Burbank, California. — AFP/File Walmart is hosting two “Black Friday Deals” events that will give Walmart+ members early access to shopping and significant discounts, as the holiday shopping season will begin on…
