Business News
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Gold breaks all records, touches new all-time high of Rs166,400 per tola
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[ad_1] An undated image of gold jewellery being displayed in a jewellery store. — AFP/File Gold on Thursday broke all previous records as price surpassed Rs166,000 per tola barrier after registering an increase of 1.4%. Data released by All Pakistan…
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Pakistan seeks emergency $3b Saudi cash injection | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Wednesday requested Saudi Arabia to urgently provide $3 billion in cash after its foreign exchange reserves fell to a critically low level, as the new army chief was also expected to play a role in bagging…
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In meeting with President Alvi, Dar discusses economy
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[ad_1] Federal Minister for Finance Senator Mohammad Ishaq Dar speaks to President Arif Alvi during a meeting at the Aiwan-e-Sadar on December 7, 2022. — Finance Division ISLAMABAD: In his latest meeting with President Arif Alvi Wednesday, Finance Minister Senator…
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‘Saudi Arabia committed to rescuing Pakistan’ | The Express Tribune
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[ad_1] ISLAMABAD: Saudi Arabia is committed to averting Pakistan’s current economic crisis – worsened recently by climate-change induced flash floods – to help the country achieve political stability and safeguard its national security, said Dr Ali Awadh Asseri, the Kingdom’s…
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Stocks bullish on Dar’s remarks | The Express Tribune
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[ad_1] KARACHI: Bulls returned to Pakistan Stock Exchange on Wednesday following Finance Minister Ishaq Dar’s remarks that brushed off rumours about the ninth review of IMF loan programme. The stock market kicked off trading on a positive note as Dar…
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Gold, silver prices soar to all-time high in Pakistan
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[ad_1] A customer can be seen looking at gold bangles. — AFP/File Gold and silver surged to all-time high prices in Pakistan on Wednesday as the weakening rupee against the US dollar shifted investors’ focus towards safe-haven assets. All Pakistan Sarafa Gems…
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Rupee decline persists as economic woes take toll on investors’ sentiment
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[ad_1] A currency dealer is counting Rs5,000 notes. — AFP/File Pakistani rupee continued to register losses for the third successive session as shrinking foreign exchange reserves amid rising imports and a delay in the funding from the International Monetary Fund…
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India hikes interest rate but at slower pace
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[ad_1] India’s central bank’s logo can be seen embedded on a wall. — AFP/File MUMBAI: India’s central bank on Wednesday raised its main interest rate for the fifth time this year, but by a smaller margin as inflation eases and…
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Cryptoverse: this is a bitcoin ‘bloodbath’ | The Express Tribune
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[ad_1] BENGALURU: “I’m nearly bankrupt,” says Jad Fawaz, a crypto trader in Abu Dhabi. “I’m laughing because there’s no point in exerting more depression and more frustration about it.” The 45-year-old, who quit his real-estate job a year ago to…
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Govt targets exporting manpower | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Overseas Pakistanis and Human Resource Development (OP & HRD) Sajid Hussain Turi on Tuesday said that the government is working to allocate a quota to Overseas Employment Promoters (OEPs) in order to increase manpower exports…
