Business News
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Forex reserves dip $125m to $7.93b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) have decreased by 1.5% on a week-on-week basis, reaching $7.93 billion, according to data released by the central bank on Thursday. By the end of the…
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Rupee falls to all-time low of 300 against dollar
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[ad_1] A currency dealer counts US dollars at a shop in Karachi. — AFP/File The Pakistani rupee plunged to its historic low against the US dollar as it traded at 300.25 in the interbank on Thursday, according to data from the…
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Rupee reaches new low after crossing 300 against USD | The Express Tribune
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[ad_1] The Pakistani rupee reached a record low against the US dollar on Thursday after the greenback was traded at Rs300.26 in the interbank market. The open market also saw an increase in the dollar’s value after it gained Rs2…
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Provinces asked to pay dues of federal depts | The Express Tribune
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[ad_1] BAHAWALPUR: Federal Ombudsman Ejaz Ahmed Qureshi has urged provincial governments to pay outstanding dues to the federal government agencies and departments so that they could address their financial constraints. He was talking to media after presiding over a meeting…
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Stocks remain flat in range-bound trading | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) endured a rangebound session on Wednesday, influenced by the rupee’s continuous fluctuation, weak corporate earnings and a rising power tariff. In the morning, the trading session began on a promising note reaching an intra-day…
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PM vows support for business community | The Express Tribune
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[ad_1] KARACHI: Caretaker Prime Minister Anwaarul Haq Kakar on Wednesday assured businessmen that the interim government would make maximum efforts to address the challenges faced by the business community of Karachi. The premier, while talking to businessmen associated with small…
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Power sector faces Rs470b loss | The Express Tribune
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[ad_1] ISLAMABAD: During a parliamentary committee meeting on Tuesday, it was revealed that the power sector in Pakistan has incurred a staggering loss of Rs470 billion due to a lack of cooperation from the provinces. The meeting, presided over by…
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SoftBank-funded chipmaker Arm Holdings files for biggest US IPO of 2023
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[ad_1] The image shows main building of mobile service corporation Softbank. — AFP SoftBank-funded Arm Holdings’ Group stated that it will opt for a US initial public offering (IPO) that is anticipated to be the largest listing of the year…
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Oil dips on worries about Chinese demand | The Express Tribune
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[ad_1] LONDON: Oil prices fell slightly on Tuesday as investors remained focused on the likelihood that China’s economic malaise will keep hobbling demand from the world’s top crude importer. Brent crude was down 36 cents at $84.10 a barrel by…
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Power tariff hike of Rs2.07 per unit sought | The Express Tribune
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[ad_1] ISLAMABAD: Consumers are bracing for another hike of Rs2.07 per unit in electricity tariff on account of fuel charges adjustment for July 2023. On behalf of power distribution companies, the Central Power Purchasing Agency-Guarantee (CPPA-G) has requested for a…
