Business News
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SBP-held forex reserves drop to $4.2bn
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[ad_1] A Pakistani dealer counts US dollars at a currency exchange shop in Karachi on October 9, 2018. — AFP With the cash-strapped nation failing to secure external financing despite attempts to resume a stalled bailout programme, the State Bank…
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‘Cutting-edge trading and surveillance system’ launched at PSX
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[ad_1] A woman takes a picture of share prices during a trading session at the Pakistan Stock Exchange (PSX) on December 21, 2022. — PPI In what Pakistan Stock Exchange Managing Director Farrukh H Khan called a “big moment and…
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OGDCL to make equity investment in PRL | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s largest oil and gas explorer, Oil and Gas Development Company Limited (OGDCL), is set to make equity investment as a strategic investor in Pakistan Refinery Limited (PRL). The two companies have signed a memorandum of understanding (MoU)…
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Juice sector demands withdrawal of 10% FED | The Express Tribune
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[ad_1] KARACHI: The juice industry is in dire straits as packaged juice volumes have plummeted by 45% following the government’s implementation of a 10% Federal Excise Duty (FED). Industry stakeholders are now calling for the withdrawal of this tax, expressing…
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Gold shines a little brighter with minor gain
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[ad_1] A shopkeeper waits for customers at his gold jewellery store in Hyderabad’s Resham Bazar on Nov 12, 2020. — APP As the safe-haven bullion’s value improved in the international market Wednesday, the gold rate also went up in Pakistan….
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Shehbaz sees Rs700b PSDP insufficient | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday instructed the relevant quarters to further increase the proposed allocation of Rs700 billion for the development budget for the next fiscal year after the planning ministry objected to a “small size of…
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Govt committed to provide ‘maximum relief’ to public in budget 2023-24
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[ad_1] Prime Minister Shehbaz Sharif addresses a meeting on March 15, 2023. — Radio Pakistan In a bid to mitigate the suffering of the public amid skyrocketing inflation, Prime Minister Shehbaz Sharif on Tuesday directed his economic team to provide…
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In meeting with Dar, Saudi envoy shares desire to ‘further strengthen economic ties’
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[ad_1] Saudi Ambassador Nawaf Bin Said Al-Malki in the meeting with Finance Minister Ishaq Dar at the Finance Division on May 23, 2023. — Finance Division ISLAMABAD: Saudia Arabia’s Ambassador Nawaf Bin Said Al-Malki called on Finance Minister Ishaq Dar…
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Rupee sinks to new low at 308 in open market | The Express Tribune
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[ad_1] KARACHI: Pakistani currency on Tuesday sank to a new record low at Rs308 against the US dollar in the open market, down 1%, or Rs3, from the previous day’s close, according to the Exchange Companies Association of Pakistan. Consequently,…
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Gas shortage paralyses textile industry in Sindh, Balochistan | The Express Tribune
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[ad_1] KARACHI: In a press release issued by the All Pakistan Textile Mills Association (APTMA), on Tuesday, APTMA Southern Zone, Chairman, Zahid Mazhar raised an alarming concern about the dire consequences of a severe shortage and disruption of gas supply…
