Business News
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Asif Zardari says will take forex reserves to $100bn
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[ad_1] PPP Co-chairman Asif Ali Zardari addresses a press conference held at CM House in Karachi, on May 11, 2022. — PPI Ex-president Asif Ali Zardari has said that during his time in jail, he read several books on the…
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SECP green lights Symmetry Group IPO | The Express Tribune
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[ad_1] The Securities and Exchange Commission of Pakistan (SECP) has given approval to Symmetry Group Limited, a renowned digital technology and experiences company based in Pakistan, for its Initial Public Offering (IPO). This significant milestone allows Symmetry Group to move forward with its…
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Gold price falls over Rs2,000 in Pakistan
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[ad_1] A representational image of gold jewellery. — AFP/File Despite an increase in the international rate and depreciation in the local currency against dollar, the per tola price of gold fell over Rs2,000 in Pakistan on Tuesday. According to the…
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Pakistan ‘hopes’ to secure IMF deal ahead of budget as funding gap narrows
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[ad_1] The seal for the International Monetary Fund is seen in Washington, DC, January 10, 2022. — AFP Pakistan is seeking to secure $2 billion in external financing to bridge the $6 billion gap for resuming the stalled International Monetary…
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Pakistan to seal IMF deal this month: PM Shehbaz
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[ad_1] Prime Minister Shehbaz Sharif. — AFP/File Prime Minister Shehbaz Sharif on Monday expressed hope that Pakistan would finalise the much-awaited loan deal with the International Monetary Fund (IMF) this month. In an exclusive interview with Turkish news agency Anadolu,…
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UAE firm acquires majority stakes in ZIL Ltd | The Express Tribune
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[ad_1] KARACHI: Foreign investors are showing confidence in Pakistan’s long-term business potential, as a UAE-based firm acquires majority stakes in Zulfiqar Industries Limited (ZIL Limited), the company behind the renowned 50-year-old Capri soap brand. The acquisition, valued at Rs1.56 billion…
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In a U-turn, rupee dives in open market | The Express Tribune
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[ad_1] KARACHI: Pakistani currency on Monday again took a dramatic U-turn, diving 2.59%, or Rs8, to a four-day low at Rs308 against the US dollar in the open market amid short supply of the greenback on retail counters. In the…
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Cost of production up by staggering 100-150% | The Express Tribune
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[ad_1] KARACHI: The alarming surge in production costs, skyrocketing by 100% to 150% over the past 18 months, has set a distressing upward trend into motion across the country. For farmers, this is further compounded by the devastating floods of…
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Gold registers minimal decline in Pakistan
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[ad_1] A representational image of gold jewellery. — AFP/File KARACHI: Gold prices in Pakistan registered meagre losses on Monday despite the rupee’s depreciation against the dollar in the open market as well as the interbank market. The price of gold…
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Pakistan ‘very hopeful’ of sealing IMF deal in June: PM Shehbaz | The Express Tribune
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[ad_1] ANKARA: Pakistan is “very hopeful” of finalising a deal with the International Monetary Fund (IMF) this month, according to Prime Minister Shehbaz Sharif. “We are still very hopeful that the IMF programme will materialise. Our ninth review by the…
