Business News
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FPCCI urges govt to halt gas tariff hike | The Express Tribune
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[ad_1] KARACHI: The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, has issued a passionate plea for immediate intervention from the Special Investment Facilitation Council (SIFC) apex committee to prevent the impending surge…
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SBP’s Monetary Policy Committee to meet on October 30
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[ad_1] A representational image of the State Bank of Pakistan building. — AFP/File The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) will meet on Monday (October 30) to decide on the interest rate regime. Taking to X —…
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Inflation to dog world economy next year | The Express Tribune
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[ad_1] BENGALURU: High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher than they forecast, suggesting interest rates will also remain higher…
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Auto show: Local hi-tech defence items shine | The Express Tribune
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[ad_1] KARACHI: The Expo Centre in Karachi welcomed a multitude of visitors as the Pakistan Auto Show 2023 commenced, with a surprising twist that saw locally-manufactured high-tech defence items and health tech products dominating the spotlight. Abdul Jabbar Khan, an…
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Rupee touches two-week low | The Express Tribune
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[ad_1] KARACHI: Pakistani currency continued to cede ground for the fifth consecutive working day on Friday, reaching the two-week low above Rs280.50 to a dollar in inter-bank market owing to rising demand for the greenback. According to State Bank of…
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Weekly inflation surges 29.6% | The Express Tribune
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[ad_1] KARACHI: The weekly inflation, measured by the Sensitive Price Indicator (SPI), surged 29.65% in the week ended October 26, 2023 compared to the corresponding week of last year, driven primarily by higher prices of energy and food items. Pakistan…
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US consumer spending rises in tandem with monthly core inflation
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[ad_1] An American shopping for groceries in a US supermarket. — AFP/File US consumer spending grew more than anticipated in September as households upped their vacation and auto purchases, continuing the trend of higher spending growth as we move into…
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Forex reserves fall by $220m to $7.5b | The Express Tribune
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[ad_1] KARACHI: Pakistan’s foreign exchange reserves fell by $220 million on a weekly basis, with the total now standing at $7.494.2 billion. Reserves dropped by 2.8% as of October 20, data released on Thursday by the State Bank of Pakistan…
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‘Freelancers can generate $10b in tech exports’ | The Express Tribune
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[ad_1] KARACHI: In a bid to transform Pakistan into a thriving tech export hub, the Caretaker Federal IT and Telecommunication Minister, Dr Umar Saif, is spearheading an ambitious plan aimed at generating $10 billion in annual tech exports. The strategy…
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MoU inked to set up EV stations | The Express Tribune
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[ad_1] BEIJING: Pakistan’s Senate Chairman Muhammad Sadiq Sanjrani, along with a delegation, witnessed the signing of a landmark memorandum of understanding (MoU) in Beijing. The MoU, inked on October 25 between TGOOD, a leading Chinese company, and the REC Group…
