Business News
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Current account posts $18 million surplus in April
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[ad_1] Bundles of freshly printed US dollar banknotes are processed for packaging at the US Treasury’s Bureau of Engraving and Printing in Washington on July 20, 2018. — AFP As the government continues to restrict imports amid a liquidity crisis,…
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Rs9b released for equity injection into power plant | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has released Rs9 billion for equity injection in an attempt to kick-start work on the stalled 660-megawatt Jamshoro coal-based power plant. A local bank had earlier refused to extend financing of Rs10 billion owing to…
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Gold price falls by Rs2,000 per tola
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[ad_1] A representational picture of gold jewellery. — AFP/File The price of gold fell in Pakistan Tuesday in line with developments in the international market, where the rate has been fluctuating because of uncertainty surrounding the US debt ceiling. The…
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Pakistan exports record volume of fuel oil | The Express Tribune
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[ad_1] As the economic crisis deepens in Pakistan, the typically import-reliant nation is witnessing a remarkable surge in fuel oil exports, reaching a record 164,000 tonnes last month, the highest volume since 2017. According to data from Kpler compiled by…
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In relief for Pakistan, South Korea defers loan worth millions
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[ad_1] The government of Pakistan signs agreement with the Republic of Korea under the G-20 Debt Service Suspension Initiative on May 15, 2023 in Islamabad. — PID The Republic of Korea on Monday differed Pakistan’s loan worth $19.911 million on…
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Govt cuts petrol price for next fortnight
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[ad_1] An employer of a petrol pump fills the fuel tank of a bike in Karachi, on March 17, 2023. — The News ISLAMABAD: The federal government Monday announced decreasing the price of petrol by Rs12 per litre to Rs272…
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Debt suspension deal with Korea signed | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Korea have signed a Debt Service Suspension Agreement. This agreement allows for the deferment of loan payments worth $19.911 million under the G-20 Debt Service Suspension Initiative (DSSI). Originally scheduled to be repaid between July and…
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Massive reduction announced in petrol, diesel prices | The Express Tribune
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[ad_1] The federal government on Monday announced a massive reduction in the prices of petroleum products in the country following a declining price trend in the international oil markets. “The government has decided to reduce the existing prices of petroleum products in…
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Gold continues upward trajectory with Rs1,100 rise
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[ad_1] An undated image of gold jewellery at a store. — AFP/File The rate of gold continued to rise in Pakistan Monday as the international price of the safe-haven bullion also went up. The price of gold (24 carats) increased…
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Isn’t climate change a matter of national security? | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan is widely recognised as one of the country’s most vulnerable to the impacts of climate change. The nation is actively working to mitigate the effects of climate change on its food and water supply, healthcare system, forests,…
