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 Sarafa Gems and Jewellers Association (APSGJA) showed that the prices of gold surged by Rs2,250…
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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 the bailout during his upcoming maiden visit to the Kingdom. Finance Minister Ishaq Dar made…
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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 Mohammad Ishaq Dar discussed the country’s overall economic situation. In a statement, the Finance Division…
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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 former ambassador to Pakistan on Wednesday. Speaking at the Islamabad Conclave the former ambassador said,…
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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 announced that his team was in talks with the International Monetary Fund (IMF). Investors cheered…
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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 and Jewellers Association (APSGJA) data showed that the price of gold rose by Rs250 per…
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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 (IMF) took a toll on investors’ sentiment. Data released by the State Bank of Pakistan…
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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 other countries look to slow the pace of hikes. The move by the Reserve Bank…
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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 focus on trading, has seen his holdings evaporate in recent months. He hasn’t slept in…
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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 with a target of one million exports of manpower this year. Addressing the Islamabad Chamber…
