Business News
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Pakistan’s exports to China jump over 5% in first two months of FY24: SBP
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[ad_1] A representational image of containers. — AFP/File Pakistan’s exports to China witnessed an increase of 5.16% during the first two months of the current fiscal year 2023-24 as compared to the exports of the corresponding period of last year, according to the latest data shared by the State Bank of Pakistan (SBP) on Friday.…
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MONETISATION: Here are some tested ways make money on Facebook
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[ad_1] An illustration depicting the Facebook logo with cash. — Social media @moneyminmt With over 2.9 billion monthly active members, Facebook has grown to be one of the most dominant social networking sites. It’s not surprising that many people have discovered methods to monetise their Facebook accounts given the site’s enormous user base. There are…
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Big relief in petroleum price expected from Oct 16
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[ad_1] A man pumps gas into a vehicle at a petrol station on October 2, 2023 in Alhambra, California. — AFP A brokerage firm on Friday forecast that it was expecting a “big relief” in petroleum prices in the country with the decline in petrol and diesel expected to be Rs41 and Rs19 per litre,…
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Gas tariff to be increased for fertilisers from this month
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[ad_1] A farmer sprinkles fertiliser in a field. —APP/File ISLAMABAD: The government is likely to hike the gas tariff for fertiliser producers from this month to fulfil a key demand of the International Monetary Fund (IMF) of controlling circular debt, Geo News reported citing sources. Officials told Geo News, on the condition of anonymity, that three…
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Iraq to halt all US dollar cash withdrawals from January 1, 2024
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[ad_1] Top-down view of US dollars and Iraqi dinars in an Iraqi bank. — AFP/File Iraq will ban cash withdrawals and transactions in US dollars as of Jan. 1, 2024, as per a top official of the Iraqi central bank, in the newest effort to stop the misuse of its hard currency reserves in financial…
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Crackdown pulls down gold price sharply | The Express Tribune
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[ad_1] KARACHI: The price of gold has dropped sharply in the domestic market in the wake of stern action against the mafia involved in illegal activities. Since the crackdown on illicit trade, the price of gold has come down by a whopping Rs27,000, reaching Rs188,000 per tola. The local gold pricing body has not been…
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SBP rubbishes reports claiming deposits over Rs0.5m ‘unsafe’
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[ad_1] An image of the State Bank of Pakistan building. — Online/File The State Bank of Pakistan (SBP) has categorically rejected reports claiming deposits over Rs500,000 are unsafe in the banking system and clarified that the customers’ deposits are “perfectly safe”. In a statement issued on Thursday, a spokesperson of the SBP said that certain…
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NEPRA okays Rs1.71 per unit hike in power tariff | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved an increase in the price of electricity by Rs1.71 per unit on account of Fuel Cost Adjustment (FCA) for the month of August 2023 and issued a notification in this regard. The tariff hike will be shown separately in the consumers’ bills and the effects of…
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Consumers to get gas for only 8 hours in winter amid depleting reserves
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[ad_1] A representational image. — AFP/File Amid depleting gas reserves in the country, Caretaker Power Minister Muhammad Ali has said that under the load management plan gas will be provided to the consumers for eight hours only. “[Gas] loadshedding has been taking place for the last few years. The loadshedding will occur this year as…
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Customer deposits ‘perfectly safe’, clarifies SBP | The Express Tribune
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[ad_1] The State Bank of Pakistan on Thursday clarified that customer deposits are “perfectly safe” owing to the sound banking system in Pakistan. The clarification by the central bank comes following reports in certain sections of the media that implied bank deposits above Rs500,000 in the banking system were unsafe. The SBP added that the Deposit Protection…
