Business News
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Day trade: PSX tests 83,000 barrier on stronger economic indicators
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[ad_1] A stock broker can be seen speaking on call while looking at his screen. — AFP/File Stocks soared over 900 points in Thursday’s intraday trade, hovering near the 83,000-point mark as renewed economic optimism spurred a rush for high-dividend-yielding…
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Forex reserves strengthen to 2-month import cover: SBP chief
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[ad_1] Governor of State Bank of Pakistan Jameel Ahmad. — SBP website. Pakistan’s foreign exchange reserves jumped to a two-month import cover after receiving the first installment from the International Monetary Fund’s $7 billion Extended Fund Facility, State Bank Governor…
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Finance minister assures PIA privatisation in ongoing year
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[ad_1] Finance Minister Muhammad Aurangzeb poses after taking oath in Islamabad, Pakistan March 11, 2024. — Reuters Amid incumbent government’s strenuous efforts to tackle multi-prong challenges faced by the country on the economic front, Finance Minister Muhammad Aurangzeb has assured the…
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In a first, Pakistan, Russia ink barter trade deal
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[ad_1] A group photo of Pakistani and Russian delegation participating in the inaugural Pakistan-Russia Trade and Investment Forum in Mosco on October 1, 2024. — X/ @PakinRussia For the first time in history, Pakistan and Russia on Tuesday signed a…
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Sindh seeks Chinese investment in e-vehicles, waste-to-energy
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[ad_1] A delegation of Chinese investors meets Sindh Chief Minister Murad Ali Shah (third from right) on October 1, 2024. — screengrab/video/supplied KARACHI: Sindh government would welcome Chinese public and private firms to invest directly in the projects…
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Headline inflation dips to 6.9% in Sept, lowest since 2021
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[ad_1] A customer buys rice at a wholesale shop in Karachi on June 8, 2023.— AFP Pakistan’s Consumer Price Index (CPI) inflation slumped to 6.9% year-on-year in September, its lowest since January 2021 and down from 9.6% in August, data…
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FBR rules out extension in deadline for filing tax returns
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[ad_1] An outside view of the Federal Board of Revenue’s (FBR) office. — X/@FBRSpokesperson/File ISLAMABAD: The Federal Board of Revenue (FBR) on Monday ruled out any possibility of extending the September 30 deadline for filing tax returns for the financial…
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Govt slashes petrol price by Rs2.07 per litre for next fortnight
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[ad_1] People wait their turn to get fuel at a petrol station, in Karachi, Pakistan June 2, 2022. — Reuters ISLAMABAD: The federal government has cut the price of petrol by Rs2.07 for the fifth consecutive fortnight in line with the…
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150,000 vacant posts, ministry to be axed in govt’s cost-cutting push
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[ad_1] Federal Minister for Finance and Revenue Muhammad Aurangzeb addressing the presser in Islamabad on September 29, 2024. — Screengrab/Geo News In an effort to reduce administrative costs, the government will eliminate 150,000 vacant positions, dissolve one ministry, and merge…
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SBP receives first tranche under IMF’s $7bn loan programme
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[ad_1] The logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at the head office in Karachi, Pakistan July 16, 2019. — Reuters The State Bank of Pakistan (SBP) received the first tranche of SDR…
