Business News
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Gold shines brighter than ever as it sets fresh record
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[ad_1] A shopkeeper sets gold jewellery at his store in Rawalpindi in this undated file photo. — AFP The price of gold soared to another record high Thursday on the back of an increase in the international rate as well…
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‘India’s exports likely to touch $900 billion in 2023-2024’ | The Express Tribune
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[ad_1] NEW DELHI: India’s exports of goods and services could touch $900 billion in the current financial year, up from $770 billion in the previous year, keeping resilient despite global headwinds, a top official of a grouping of exporters said….
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Is US going to default on debt payments as White House warns of economic disaster?
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[ad_1] White House warns of economic disaster. AFP/File The White House has issued a warning about the potential consequences of the United States defaulting on its debt payments, as Democrats and Republicans continue to grapple over national spending. The president’s…
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IMF wants Pakistan to hike interest rates | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Wednesday said that Pakistan needed to further increase interest rates to stabilise inflation –- a policy advice that is not in line with the ground realities and has instead significantly increased the…
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US Fed raises interest rates by a quarter-point
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[ad_1] The Federal Reserve building in Washington, DC, United States, October 22, 2021. — AFP WASHINGTON: The US Federal Reserve raised its benchmark lending rate for a tenth consecutive time Wednesday, while signaling an easing in its forward guidance on…
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SCO provides avenue to ramp up trade | The Express Tribune
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[ad_1] KARACHI: The government must make strenuous efforts to save Pakistan’s teetering economy and strengthen trade ties with the Shanghai Cooperation Organisation (SCO) to boost exports, suggest businessmen. “SCO, with a collective GDP (gross domestic product) of over $23.5 trillion…
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Flour millers threaten to go on strike | The Express Tribune
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[ad_1] KARACHI: Pakistan Flour Mills Association (PFMA) has given a 24-hour deadline to the Sindh government, asking the provincial administration to lift the ban on purchase of wheat by Karachi millers. In case its demand is not met by Wednesday…
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Pakistan taking measures for ‘swift’ economic stabilisation: ADB
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[ad_1] Staff members of the Asian Development Bank step out of the Manila-based lender’s headquarters on February 17, 2009. — AFP/File Asian Development Bank (ADB) President Masatsugu Asakawa said Tuesday that Pakistan was taking ‘quick’ required stabilisation measures by containing…
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Ishaq Dar dispels ‘untrue’ reports about decline in petrol price
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[ad_1] Finance Minister Ishaq Dar speaks during a press conference in Islamabad on February 10, 2023. — AFP Finance Minister Ishaq Dar on Tuesday said that the Oil and Gas Regulatory Authority (Ogra) did not recommend a decrease in the…
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Gold, silver jump to new all-time high
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[ad_1] A salesperson displays gold jewellery at a store in this undated file photo. — AFP As the country continues to go through one of its worst economic crises and inflation surged to unprecedented levels, people flocked to buy gold,…
