Business News
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Rate-cut bets buoy PSX above 91,000 points in early intraday rally
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[ad_1] Brokers discuss as they look at an index board showing the latest share prices at the PSX in Karachi on November 28, 2023. — Online Stocks on Monday blasted off to a new record intraday high above 91,000 points, driven by strong corporate results and hopes of a reduction of up to 200 basis…
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Finance minister reports positive meetings with stakeholders in US
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[ad_1] Finance Minister Muhammad Aurangzeb (right) and State Bank of Pakistan Governor Jameel Ahmed in a meeting in Washington, US. —Radio Pakistan/ File ISLAMABAD: Finance Minister Muhammad Aurangzeb on Sunday said meetings with stakeholders in the United States remained were positive and they lauded Pakistan for reducing inflation. He said this after wrapping up his trip…
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Aurangzeb urges tax reforms, energy subsidy cuts to address challenges
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[ad_1] Finance Minister Muhammad Aurangzeb pictured during his meeting with President Asian Development Bank Masatsugu Asakawa on the sidelines of IMF-WB Annual Meetings on October 25, 2024. — X@Financegovpk ISLAMABAD: Finance Minister Muhammad Aurangzeb, while speaking at an event on the sidelines of World Bank-International Monetary Fund (IMF) Annual Meetings, has stressed the need for reforms in taxation…
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Nepra okays Rs3.03 per unit tariff hike for Karachi power consumers
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[ad_1] A general view of K-Electric head office in Karachi. — K-Electric website/File The National Electric Power Regulatory Authority (Nepra) on Friday announced a hike of Rs3.03 per unit for the K-Electric consumers under fuel charges adjustment (FCA) of July 2024. The revised tariff will be applied to electricity bills for December 2024, as per…
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China to offer ‘tariff-free trade to Afghanistan’
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[ad_1] Taliban’s acting commerce minister Haji Nooruddin Azizi sits next to flags of Afghanistan and China, during an interview, at the Embassy of Afghanistan in Beijing, China, on October 19, 2023. — Reuters Beijing’s envoy to Kabul announced on Thursday that China would grant the Afghan Taliban tariff-free access to its extensive consumer, energy, and…
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Pakistan reaffirms commitment to issuing maiden Panda Bond
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[ad_1] The Pakistani delegation led by Finance Minister Muhammad Aurangzeb (2nd left) in a meeting with UK Minister of State for Development, Women and Equalities Ms. Anneliese Dodds in Washington on October 24, 2024. —Instagram/ @finance_ministry ISLAMABAD: During meetings with the leaders of international financial institutions (IFIs) on Thursday in Washington, Finance Minister Senator Muhammad Aurangzeb echoed Pakistan’s…
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PSX surpasses 90,000 mark on positive economic indicators
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[ad_1] Two investors can be seen discussing in front of the digital stock board at the Pakistan Stock Exchange. — AFP/File The Pakistan Stock Exchange (PSX) has surpassed the 90,000-point psychological milestone, spurred by favorable economic indicators that are enhancing investor confidence. The benchmark KSE-100 index of the PSX climbed by 1,100.32 points, reaching 90,046.3…
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Pakistan requests $1bn in IMF climate cash, sees reserves rising
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[ad_1] Finance Minister Muhammad Aurangzeb is interviewed by Karin Strohecker, Reuters Chief Correspondent Emerging Markets, during the G20 Finance Ministers and Central Bank Governors’ Meeting in Washington, April 18, 2024. — Reuters WASHINGTON: Finance Minister Muhammad Aurangzeb said that Pakistan has formally requested around $1 billion funding from the International Monetary Fund (IMF) facility that…
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PSX tops 89,000 points to hit all-time intraday high on rate cut bets
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[ad_1] A broker talks on the phone at the Pakistan Stock Exchange in Karachi on May 20, 2024. — PPI Pakistan Stock Exchange (PSX) hit an intraday high on Thursday, surpassing 88,400 points amid strong hopes that the central bank is likely to continue its hawkish regime in view of disinflation and macroeconomic indicators that…
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Minister Aurangzeb holds series of meetings in US
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[ad_1] Finance Minister Muhammad Aurangzeb speaking at the Wilson Center in Washington DC on October 23, 2024. —Instagram/ @finance_ministry ISLAMABAD: Finance Minister Muhammad Aurangzeb participated in a number of high-level meetings on the sidelines of the World Bank-IMF Annual Meetings in Washington on Wednesday. A Pakistani delegation of senior officials led by Aurangzeb is attending…
