Business News
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Potato to boost vegetable exports | The Express Tribune
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[ad_1] LAHORE: Potato is one of the very rare cases in which Pakistan is not just self-sufficient for domestic use and seed development, but also an exporter. In the first four months of current fiscal year, overall vegetable exports of…
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‘Tough’ IMF talks push rupee to Rs276.58 | The Express Tribune
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[ad_1] KARACHI: Reacting to Prime Minister Shehbaz Sharif’s statement that the International Monetary Fund (IMF) conditions are tough, the domestic currency dived almost 2% – or Rs5.22 – to hit a new all-time low closing at Rs276.58 against the US…
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Oil industry fears ‘collapse’ as cash constraints tighten
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[ad_1] An overview shows tankers parked outside a local oil refinery in the port city of Karachi, on February 22, 2011. — AFP KARACHI/ISLAMABAD: The local oil industry has rung alarm bells and said that it was verging on “collapse”…
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Gold price in Pakistan registers gains
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[ad_1] A representational image of gold bars. — AFP/File Gold prices rose Friday amid an increase in the demand for the safe-bet investment as economic uncertainty persists in Pakistan over a delay in the revival of the International Monetary Fund…
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Rupee rout continues amid ‘tough’ IMF demands
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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 The already under-pressure Pakistani rupee declined further against the dollar on Friday following Prime Minister Shehbaz Sharif’s comments that the…
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Debt servicing may surge to whopping Rs5.2tr | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Thursday asked Pakistan to increase the general sales tax rate to a minimum of 18% to raise more taxes, as the country’s debt servicing cost was projected to increase to alarmingly Rs5.2…
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SBP-held forex reserves fall to highly critical level
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[ad_1] A man counts dollar bills. — AFP/File The foreign exchange reserves held by the State Bank of Pakistan (SBP) dropped to a highly critical level as the nation faces severe economic distress and strives to unlock the International Monetary…
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Smuggling not responsible for dollar hike | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Customs is not responsible for curbing smuggling at international borders and its role is limited to cities only, said the Customs Department head of operations on Thursday while again ruling out the role of smuggling in the…
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Gold dazzles as rupee rout continues
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[ad_1] A re[resentational image of gold jewellery. — AFP/File Gold price in Pakistan continued to gain following the international precious metal markets that are rising in reaction to a hawkish US Federal Reserve, while the rupee’s plunging to a historic…
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Pakistan’s forex reserves drop to $3.09b | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s foreign exchange reserves held by the central bank decreased by 16.1% to $3.09 billion in the week ending Jan 27, the State Bank of Pakistan (SBP) said on Thursday, which analysts said covers less than three weeks…
