Business News
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Tech helping to build new millionaires across Pakistan | The Express Tribune
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[ad_1] KARACHI: In Pakistan, technology is playing a crucial role in bridging the gap and empowering young individuals from poor pockets of society to create better livelihoods for themselves. Innovative solutions are providing these youths with tools and skills to overcome challenges and build a brighter future. Have you ever imagined that the kid who…
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Finance minister calls for realising true tax potential | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar has stressed the need for stepping up efforts to realise the “true tax potential” existed in the country and lent full support to the revenue collecting authority in performing its duties. The minister put emphasis on increasing tax receipts at a meeting he chaired to discuss revenue collecting performance…
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Pakistan received highest funding in 2022: ADB | The Express Tribune
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[ad_1] ISLAMABAD: The Asian Development Bank (ADB) has claimed that Pakistan is the only Asian country that received the highest funding last year. The bank said that floods damaged the economy, especially the crops which created an imbalance of supply and demand and increased inflation. According to the annual report released by the ADB, Pakistan…
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Pakistan meets all IMF conditions: Dar | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Finance Ishaq Dar has claimed that Pakistan has met all the conditions set by the International Monetary Fund (IMF) for a staff-level agreement and that the lender’s mission for review will soon get a staff-level agreement approved by the fund’s executive board. “The IMF will soon sign the staff level…
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Ishaq Dar hopes IMF will soon sign deal with Pakistan as ‘all conditions fulfiled’
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[ad_1] Finance Minister Ishaq Dar speaks during a press conference in Islamabad on February 10, 2023. — AFP ISLAMABAD: Finance Minister Ishaq Dar on Monday said that Saudi Arabia and United Arab Emirates (UAE) have assured their commitments to provide $3 billion to Pakistan, hoping that the inflation-stricken country will soon seal the deal with the International…
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Railways, PIA reduce fares for domestic travel on Eid ul Fitr
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[ad_1] An undated image of Federal Minister for Railways and Aviation Khawaja Saad Rafique speaking to media persons. — APP/File On the occasion of Eid ul Fitr, Federal Minister for Railways and Aviation Khawaja Saad Rafique announced a reduction in the fares for domestic travel on Saturday. Taking to his Twitter handle, Rafique said that a…
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$7.8bn received in foreign assistance in current fiscal year: EAD
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[ad_1] A currency dealer counts US banknotes in this undated file photo. — AFP A report from the Economic Affairs Division (EAD) showed that Pakistan has received $7.76 billion so far in foreign economic assistance — which includes both grants and loans — in the current fiscal year as the country tries to deal with…
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Dollar clings to gains | The Express Tribune
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[ad_1] SINGAPORE: The dollar headed for its first weekly gain in nearly two months on Friday as investors raised their bets that the Federal Reserve will increase rates in May, while a surprising recovery in the euro zone economy in April underpinned the euro. The dollar index, which measures the performance of the US currency…
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Banks consider SME financing as highly risky | The Express Tribune
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[ad_1] KARACHI: As Pakistan grapples with an ongoing economic meltdown, the outlook on growth of small enterprises has been impacted significantly. Financial institutions are increasingly seeing small and medium-sized enterprises (SMEs) at higher risk, leading to a reduction in overall funding support for such businesses. This shift in attitude towards the SMEs reflects the challenging…
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Investors sue Swiss regulator | The Express Tribune
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[ad_1] BENGALURU: Investors representing more than 4.5 billion Swiss francs ($5 billion) of Credit Suisse bonds have sued the Swiss regulator over its decision to wipe out their investments during last month’s emergency government-orchestrated takeover. Law firm Quinn Emanuel Urquhart and Sullivan, which is representing the bondholders, said on Friday the move was the first…
