Business News
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Atlas Honda bike price in Pakistan: Company once again jacks up motorcycle rates
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[ad_1] An undated image of Honda Atlas’s CB200X. — Twitter/@honda2wheelerin For the third time in 2023, the biggest player in the two-wheeler segment in Pakistan — Atlas Honda — once again notified an increase in the price of its motorcycles. With…
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Pakistan receives $500mn from Chinese bank
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[ad_1] A foreign currency dealer counts US dollar notes at a currency market in Karachi on July 19, 2022. — AFP In a boost to the depleting foreign exchange reserves, cash-strapped Pakistan has received $500 million from the Industrial and…
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PFMA calls off strike after talks with govt | The Express Tribune
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[ad_1] KARACHI: The Pakistan Flour Mills Association (PFMA), on Friday, announced the end of its two-day strike after conducting successful negotiations with the government, averting the threat of a possible flour crisis. PFMA Sindh Region Chairman Chaudhry Amir along with…
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Rupee makes surprising recovery of Rs6.63 | The Express Tribune
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[ad_1] KARACHI: In a surprise move, the volatile Pakistani currency made a sharp recovery of 2.38%, or Rs6.63, and closed at Rs278.46 against the US dollar in the inter-bank market on Friday. At a point, the rupee had recovered 4.5%,…
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Moody’s downgrades five banks | The Express Tribune
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[ad_1] KARACHI: Moody’s Investors Service has downgraded the long-term deposit ratings of five Pakistani banks to Caa3 from Caa1, suggesting that the ongoing economic crisis in the country is likely to have an adverse trickle-down effect on banks. With inflation…
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Gold rate falls in Pakistan on rupee’s recovery
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[ad_1] A representational image of gold jewellery. — AFP/File Gold rate plunged Friday following a handsome recovery of the Pakistani rupee against the US dollar, prompting investors to rethink their strategy about shifting towards the safe-haven metal. Data from the…
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FinMin Ishaq Dar ‘responsibly’ denies Pakistan needs financial emergency
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[ad_1] Federal Minister for Finance and Revenue Ishaq Dar addressing a press conference on March 3, 2023, in Islamabad, in this still taken from a video. — YouTube/Geo News Minister for Finance and Revenue Senator Ishaq Dar Friday rubbished rumours…
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Rupee recovers 4.5% to Rs273 against US dollar | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency made a sharp recovery of 4.5%, or over Rs12, to Rs273 against the US dollar in the interbank market at around noon on Friday. The rupee partially gained ground against the greenback after yesterday’s historic…
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IMF agreement won’t lessen default risk: Miftah | The Express Tribune
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[ad_1] Former finance minister Miftah Ismail has stated that the risk of Pakistan defaulting would not be lessened even if an agreement with the International Monetary Fund (IMF) is reached. During an interview on Thursday with a private news channel, Miftah said that…
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How much debt does Pakistan have to repay by June 2023?
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[ad_1] A representational image. — pngegg.com Unless Pakistan is able to secure a substantial amount of funds, the cash-strapped nation’s economic turmoil is here to stay as the rupee and inflation have just hit historic highs — and the situation…
