Business News
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Gold prices fall for second day as rupee appreciates
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[ad_1] Gold jewellery is seen in this iundated photo. — AFP/File Gold prices fell for the second consecutive day on Thursday, as the rupee appreciated against the US dollar in the interbank market. According to the data released by All…
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Honda Atlas extends longest production shutdown to end April | The Express Tribune
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[ad_1] KARACHI: Honda Atlas Cars Pakistan Ltd (HATC.PSX) on Thursday announced a 15-day extension to its longest plant shutdown this fiscal year, citing the country’s economic crisis, restrictions on opening letters of credit for imports, and halting foreign payments. The…
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Power tariff up by 46 paisas on fuel adjustment | The Express Tribune
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[ad_1] ISLAMABAD: In another unfortunate news for the inflation-hit people of Pakistan, the cost of electricity has been increased by 46 paises per unit under the quarterly fuel adjustment. The electricity tariff has been hiked under the second quarter…
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IMF says will reach staff-level agreement with Pakistan ‘soon’
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[ad_1] A woman walks past a building of the International Monetary Fund. — AFP/File ISLAMABAD: As Pakistan faces one of its worst economic turmoils in recent history, the International Monetary Fund (IMF) Wednesday expressed confidence in reaching a staff-level agreement (SLA)…
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In meeting with Dar, British envoy offers UK’s help in easing Pakistan’s economic crisis
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[ad_1] Acting British High Commissioner Andrew Dalgleish (left) calls on Finance Minister Ishaq Dar on April 12, 2023. — APP Acting British High Commissioner Andrew Dalgleish met Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Wednesday and offered…
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Sindh to establish its own power regulatory authority | The Express Tribune
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[ad_1] KARACHI: The Sindh cabinet approved the establishment of the Sindh Electric Power Regulatory Authority (SEPRA) — a body aimed at improving energy equity and eliminating energy poverty in the province. The decision was made during a meeting of the cabinet,…
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IMF deal: UAE likely to commit financial support to Pakistan this week
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[ad_1] An undated image of stacks of US dollars placed on a table. — AFP/File ISLAMABAD: The United Arab Emirates (UAE) is likely to commit $1 billion this week in financing to help Pakistan meet one of the final conditions…
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IMF cuts Pakistan’s growth forecast, sees hike in inflation | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has reduced the economic growth forecast of Pakistan to 0.5% as well as steeply increased inflation projections far above 20% for two years — underscoring that the people’s hardships would not end soon…
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Gold rate in Pakistan races to historic high
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[ad_1] A representational image of gold bangles. — AFP/File Gold price jumped to a historic high in Pakistan after the rupee’s record depreciation against the dollar stampeded investors towards the safe-haven metal. The price of gold (24 carats) increased by…
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PSX to remain closed on Juma Tul Wida
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[ad_1] Pakistan Stock Exchange. — AFP/File The Pakistan Stock Exchange Limited (PSX) will remain closed on April 14, on account of Juma Tul Wida — the last Friday of the holy month of Ramadan. In a statement, the PSX said:…
