Business News
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Pakistan’s economy grinding to a halt as dollars dry up
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[ad_1] This picture taken on January 11, 2023, shows a general view of the Karachi sea port. — AFP Thousands of containers packed with essential food items, raw materials and medical equipment have been held up at Pakistan’s Karachi port…
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Govt to keep fuel prices unchanged | The Express Tribune
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[ad_1] Finance Minister Ishaq Dar while addressing the media in Lahore on important decisions taken by the ruling coalition said that petroleum prices would be “maintained as they are” and no changes would be implemented for the remaining 15 days…
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Boom to bust: Pakistan’s startup story | The Express Tribune
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[ad_1] PUBLISHED January 15, 2023 KARACHI: Starting a business is much more complicated than people think it is. Many young, fresh graduates or mid-career level professionals who opt for creating their small-scale companies and are called entrepreneurs. They see a…
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PM says tapping friendly nations for more loans ’embarrassed’ him
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[ad_1] Prime Minister Shehbaz Sharif speaks during his address at the passing out ceremony of 45th Specialised Training Program of PAS in Lahore.. — Twitter/@GovtofPakistan LAHORE: Prime Minister Shehbaz Sharif Saturday spoke about feeling embarrassed while seeking funds and loans…
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Food inflation reaches 31.75% YoY | The Express Tribune
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[ad_1] ISLAMABAD: The trend of the rising prices carried on in the week that ended on January 12 with the inflation rate hitting 0.44% in comparison with the previous seven days and 31.75% on a year-on-year basis. According to the…
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Remittances drop to 31-month low at $2.04b | The Express Tribune
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[ad_1] KARACHI: The inflows of workers’ remittances sent home by overseas Pakistanis have continued to slow down, plunging to a 31-month low at $2 billion in December 2022. The straight drop in the inflows for the fourth consecutive month has…
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Nepra jacks up KE tariff by Rs4.49 per unit | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Friday allowed an increase of Rs4.49 per unit in the power rates for K-Electric (KE) customers for a period of four months – from January 2023 to April 2023 –…
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Remittances down 19% in Dec as illegal channels weigh
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[ad_1] A currency dealer counts dollars at a currency exchange shop in Karachi, on August 1, 2018. — AFP/Files KARACHI: Remittances sent home by overseas Pakistani workers fell 19% to $2 billion in December 2022 compared to $2.52 billion in…
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Saudi fund to finance $1b Pak oil derivatives | The Express Tribune
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[ad_1] ISLAMABAD: The Saudi Fund for Development (SFD) will finance Pakistan’s oil derivatives worth $1 billion, the Economic Affairs Division said on Thursday. The fund’s chief executive, Sultan Abdulrahman Al-Marshad, signed an agreement pledging the financing with Economic Affairs Secretary…
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US inflation hits slowest pace in over a year amid hopes of less hawkish Fed
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[ad_1] People shop at a store in Rosemead, California, US, June 28, 2022. — AFP WASHINGTON: Consumer inflation in the United States slipped in December to the lowest level in more than a year, government data showed on Thursday, signalling…
