Business News
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Govt prioritises national development with Rs1,100bn budget
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[ad_1] The federal government has approved a development budget of Rs1,100 billion for the fiscal year 2023-24, with Rs950 billion allocated for the Public Sector Development Programme (PSDP) and Rs150 billion for public-private partnership, announced Minister for Planning, Development and…
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Seafood container from Pakistan reaches China | The Express Tribune
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[ad_1] BEIJING: In a significant development, a truck laden with cold chain containers carrying seafood from Pakistan has successfully reached Kashgar city in China’s Xinjiang Uygur Autonomous Region, traversing the cross border land route. This groundbreaking achievement marks the first-ever…
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Ogra jacks up gas tariff by 50% for SNGPL | The Express Tribune
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[ad_1] ISLAMABAD: “The Oil and Gas Regulatory Authority (Ogra) announced on Friday a 50% increase in gas prices for the consumers of the Sui Northern Gas Pipeline Limited (SNGPL) and 45% for the consumers of the Sui Southern Gas Company Limited (SSGCL)…
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Foreign exchange reserves decline to $4.09bn as Pakistan considers fresh IMF deal
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[ad_1] $100 bills. — AFP/File Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased to $4.09 billion as the liquidity-challenged country mulls starting a fresh bailout programme with the International Monetary Fund (IMF) programme without completing…
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PM aides appointed to Parco board | The Express Tribune
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[ad_1] ISLAMABAD: The government has appointed two independent directors to the board of Pak Arab Refinery Limited (Parco) in a dubious way that has raised eyebrows. Sources told The Express Tribune that the board of directors of Parco was reconstituted…
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Gold price massively falls in Pakistan
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[ad_1] The picture shows gold bangles on a display in this undated video. — AFP/File KARACHI: Following a massive recovery of the rupee in the open market against the dollar, the gold price in Pakistan saw a huge drop on Thursday. …
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Pakistan’s CPI inflation spikes to record high on runaway food prices
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[ad_1] An undated image of consumers buying fresh vegetables from a local market. — AFP/File The consumer price index (CPI) based inflation in Pakistan surged to a record 38% on a year-on-year (YoY) basis in May 2023, the highest since…
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Rupee strengthens against dollar after credit card settlement directive
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[ad_1] A representational image of a money exchanger counting dollar bills and a stack of rupee notes is seen in the background. — APP/File KARACHI: The rupee on Thursday gained ground in the open market against the dollar after the…
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Rupee recovers sharply in open-market trade against USD | The Express Tribune
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[ad_1] KARACHI: Pakistani currency made a remarkable recovery of almost 5.5%, or Rs16, in a single day to a one-week high at Rs295 against the US dollar in the open market at around midday on Thursday. The currency had closed…
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ECNEC approves Rs1.2tr development projects | The Express Tribune
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[ad_1] ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Wednesday gave its approval to a comprehensive package of development projects amounting to over Rs1.2 trillion on Wednesday. During the meeting chaired by Finance Minister Ishaq Dar, one…
