Business News
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Triggering Sixth Extinction | The Express Tribune
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[ad_1] ISLAMABAD: Over the Earth’s 4.5-billion-year history, five catastrophic extinctions have changed its biological foundation. The Ordovician-Silurian Extinction, 443 million years ago, was likely caused by severe ice ages, whereas the Devonian Extinction, 359 million years ago, was caused by changing ocean oxygen levels. The worst, the Permian-Triassic Extinction, killed most life 252 million years…
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Chronic air pollution in Punjab | The Express Tribune
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[ad_1] ISLAMABAD: As usual there is again a smog attack in Punjab, especially in and around Lahore, Faisalabad and Gujranwala regions. The problem is so intense that there is a proposal for calling every Wednesday off for the coming few months. Smog causes a variety of respiratory, eyes and skin diseases, making life miserable for…
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Petrol price falls by Rs40, diesel by Rs15 per litre
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[ad_1] A closeup of a fuel gun. — AFP/File ISLAMABAD: In view of the fluctuations in global oil prices and rupee’s appreciation against the US dollar, the caretaker government on Sunday slashed the price of petrol by Rs40 per litre and that of high-speed diesel (HSD) by Rs15 for the next fortnight. According to a…
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Massive relief: Govt slashes petrol price by Rs40 | The Express Tribune
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[ad_1] The federal government has decreased the price of petrol by Rs40 and high-speed diesel (HSD) by Rs15 in line with fluctuations in global oil prices and appreciation of the rupee against the US dollar. A finance ministry statement said: “Owing to the decreasing trend of petroleum prices in the international market and due to…
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Petrol price in Pakistan likely to go down by over Rs30 per litre
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[ad_1] An employee of a gas station fills the tank of a motorbike in Karachi, on July 16, 2021. — AFP ISLAMABAD: Massive relief is expected in fuel prices today as the government will announce new rates today (Sunday) for the next fortnight while sources said the profit margins of oil marketing companies (OMCs) and…
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JPMorgan chief paints bleak picture of world economy amid geopolitical tensions
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[ad_1] This still, taken from a video released on July 12, 2023, shows JPMorgan CEO Jamie Dimon speaking in an interview. — YouTube/The Economist JPMorgan CEO Jamie Dimon has said that the ongoing Russia-Ukraine war and the Israel-Hamas violence in the Middle East could have adverse impacts on the global economy the world was already reeling…
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Loss-making DISCOs struggle to avoid privatisation | The Express Tribune
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[ad_1] KARACHI: The two struggling and loss-making power distribution companies (DISCOs) of Sindh are girding up their loins to avoid the sword of privatisation as the caretaker government seems adamant to outsource all such non-remunerative public organisations. Recently, a team of World Bank officials met caretaker Federal Minister for Privatisation Fawad Hasan Fawad in Islamabad…
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$8b discrepancy unearthed in exports, imports | The Express Tribune
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[ad_1] KARACHI: Pakistani traders have allegedly been found involved in discrepancies of over $8 billion through under-invoicing of imports and exports of goods to four major trading partners, causing significant foreign exchange losses, tax revenue losses and supporting financial transactions via the illegal Hawala-Hundi network. In letters to Finance Minister Shamshad Akhtar, the Pakistan Business…
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Israel-Hamas hostilities drag down US stocks amid rising inflation fears
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[ad_1] Palestinian militants fire rockets toward Israel from Rafah, southern Gaza Strip, on Oct. 11, 2023. — AFP Wall Street stocks mainly fell on Friday, capping a turbulent week in which investors evaluated bank earnings, worried about inflation, and appraised Israel-Hamas hostilities. The Dow Jones Industrial Average edged up 0.1% to 33,670.29, while the broad-based…
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Israel-Hamas war: Stock markets slide, oil prices surge as humanitarian crisis worsens in Gaza
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[ad_1] Fire and smoke rise after an Israeli air strike targeted the National Bank on Gaza City, on October 8, 2023. — AFP Stock markets declined on Friday, as oil prices rose amid concerns that the Israel-Hamas conflict would affect supplies in the Middle East’s crude-oil-rich region with European gas prices reaching the highest levels…
