Business News
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Cabinet approves Rs52b FCAs recovery | The Express Tribune
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[ad_1] ISLAMABAD: The government has sought policy guidelines from the power regulator for transferring the burden of a staggering Rs52 billion to the consumers on account of fuel charges adjustments (FCAs) for the months of June and July, 2022. The…
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Biden nominates Banga to head World Bank | The Express Tribune
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[ad_1] WASHINGTON: US President Joe Biden on Thursday nominated Indian-American business executive Ajay Banga to become president of the World Bank, lauding his experience forging public-private partnerships to address financial inclusion and climate change. The World Bank on Wednesday said…
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SBP forex reserves register meagre rise
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[ad_1] A person counts $100 banknotes. — AFP/File Foreign exchange reserves held by the State Bank of Pakistan (SBP) registered a meagre rise as the cash-bleeding country tries to woo the International Monetary Fund (IMF) for unlocking a much-needed $1.1…
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When is the last date for encashment of withdrawn prize bonds?
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[ad_1] An undated image of Rs200 prize bonds . — Online/File All holders of prize bonds worth Rs7,500, 15,000, 25,000, and 40,000 can redeem the withdrawn prize bonds till June 30, 2023 after the State Bank of Pakistan (SBP), with the…
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Gold rate rises in Pakistan despite recovery in rupee
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[ad_1] An undated image of a customer looking at the gold bangles at a store. — AFP/File Gold regained lost ground on Thursday, as bargain hunting trickled in after prices dropped a day earlier in response to the continued recovery…
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SBP reserves rise by $66m to $3.258b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank rose by $66 million to $3.258 billion in the week ending Feb 17, the State Bank of Pakistan (SBP) said on Thursday, while its total liquid foreign reserves stood…
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Naveed Qamar glad over revival of Pak-US trade group
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[ad_1] Minister for Commerce Syed Naveed Qamar meeting with US Special Representative for Commercial and Business Affairs Dilawar Syed at the Embassy of Pakistan in Washington on February 22, 2023. The News WASHINGTON: Minister for Commerce Syed Naveed Qamar said the…
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President Alvi approves mini-budget | The Express Tribune
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[ad_1] ISLAMABAD: President Dr Arif Alvi on Thursday approved the Finance (Supplementary) Bill 2023, also known as the mini-budget. According to the statement from Aiwan-e-Sadr, the approval was given under Article 75 of the Constitution which states that when a…
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Ishaq dar meets US envoy ahead of virtual IMF talks
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[ad_1] Ambassador of the United States of America to Pakistan Donald Blome called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar at Finance Division, Islamabad, on February 23 2023. — Finance Division Ahead of an important meeting…
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Pakistan to clinch IMF deal ‘any day now’: commerce minister | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Commerce Syed Naveed Qamar said Wednesday that the International Monetary Fund (IMF) is likely to announce its staff level agreement with Pakistan on the Extended Fund Facility (EFF) by this week. “Pakistan has taken all…
