Business News
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Nepra approves Rs3.28/unit hike | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has granted approval for an increase in electricity rates of up to Rs3.28 per unit, leading to an additional burden of Rs135.5 billion on power consumers. This increase comes as part…
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US home sales decline as prices rise, interest rates increase
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[ad_1] A ‘For Sale’ sign is seen in front of a home on August 21, 2015 in Miami, Florida. — AFP Sales of US homes have been steadily declining since August as supply remained constrained and mortgage rates remained high,…
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TDAP ‘optimistic’ of UAE resuming import of fresh chilled meat by sea from Pakistan
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[ad_1] Trade Development Authority of Pakistan logo. — Facebook/TDAP The Trade Development Authority of Pakistan (TDAP) is “optimistic” that the United Arab Emirates (UAE) will resume the export of fresh chilled meat from Pakistan and find an amicable resolution on…
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Bank of England holds rate after 14 straight hikes as inflation hits brakes
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[ad_1] A pedestrian walks past the Bank of England in London. —AFP/File The Bank of England (BoE) Thursday kept its primary policy interest rate unchanged, ending a streak of 14 consecutive rate hikes, a decision that follows an unexpected slowdown…
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Forex reserves rise by $56.4m to $7.7b | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has reported a 0.74% increase in its foreign exchange reserves on a week-on-week basis, with the total now standing at $7.7 billion. According to data released by the central bank on Thursday,…
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SBP brings incentives to attract remittances | The Express Tribune
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[ad_1] KARACHI: The central bank has announced new incentives effective from June 1, 2023 to encourage banks and authorised exchange companies to attract additional remittances from overseas Pakistanis, which is expected to stabilise and give a fresh boost to inflows….
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Media mogul Rupert Murdoch resigns as chairman of Fox, News Corp
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[ad_1] Rupert Murdoch, owner of Fox News, Wall Street Journal and more. — AFP Media magnate Rupert Murdoch has announced his resignation as chairman of Fox and News Corp confirming that his son Lachlan Murdoch will take over as CEO…
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Carateker govt sees dollar at Rs260 soon | The Express Tribune
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[ad_1] LAHORE: Amid the rising value of the local currency, Caretaker Minister for Commerce Industries and Production, Gohar Ejaz, anticipated a decline in the value of the US dollar against the Pakistani rupee. He made the prediction during a joint…
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Tax the rich to protect the poor, IMF chief tells Pakistan | The Express Tribune
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[ad_1] International Monetary Fund (IMF) Managing Director Kristalina Georgieva has advised Pakistan to tax the wealthy and protect the poor. Speaking to a Pakistani private media channel after her meeting with Interim Prime Minister Anwaarul Haq Kakar on the sidelines…
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Pakistan to face highest inflation | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s economy stands out as an outlier in Asia, according to a new report that predicts the country will have the highest inflation rate but the fourth lowest economic growth rate among all 46 economies in the region….
