Business News
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All Chinese CPEC workers to move in bullet-proof cars | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and China have agreed to use bullet-proof vehicles for all outdoor movement of the Chinese nationals working on the China-Pakistan Economic Corridor (CPEC) projects in order to protect them from terrorist attacks. According to the draft minutes…
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China doubles down on zero-COVID after reopening rumours boosted markets
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[ad_1] China is to “unswervingly” stick to its zero-Covid policy, dampening the outlook for global markets. — AFP BEIJING: China said on Saturday that it would “unswervingly” stick to its zero-COVID policy, dampening the outlook for global markets following their…
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Switzerland to face difficult years | The Express Tribune
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[ad_1] GENEVA: The threat of recession in the euro zone and beyond, an energy supply squeeze and the eroding effect of inflation on purchasing power mean Switzerland faces difficult years ahead, Justice Minister Karin Keller-Sutter told the Neue Zuercher Zeitung…
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Honda launches new EV model | The Express Tribune
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[ad_1] TOKYO: Japan’s Honda Motor Co unveiled the second model of its new China-only electric vehicle (EV) lineup on Saturday, targeting the fast-growing, battery-driven car segment in the world’s largest auto market. The Japanese automaker said last year it planned…
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Govt eyes $13b package after PM’s China visit | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has got assurances of a $13 billion financial package from China and Saudi Arabia, including $5.7 billion in fresh loans, Finance Minister Ishaq Dar said on Friday in a statement that would help stabilise the reserves and…
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PSO to recover Rs594b in circular debt | The Express Tribune
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[ad_1] ISLAMABAD: The supply of expensive liquefied natural gas (LNG), during the past four seasons, to domestic consumers has resulted in a steep hike in circular debt, trapping gas-utilities and Pakistan State Oil (PSO). The gas sector is currently facing…
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Rupee sees minor gain against US dollar in interbank market
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[ad_1] A file image showing a currency dealer counting $100 notes — AFP/File KARACHI: The Pakistani rupee finally snapped its multi-day losing steak as it registered a slight gain of 0.01% against the greenback in the interbank market on Friday….
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Oil-rich Saudi launches first electric vehicle company
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[ad_1] This photo taken on August 26, 2022 shows electric vehicles at the VinFast electric automobile plant in Haiphong. — AFP/File RIYADH: Saudi Arabia announced on Thursday the launch of its first brand of electric vehicles, part of a broader…
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US stocks fall as BoE follows Fed with big rate hike
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[ad_1] US stocks fall — AFP/file NEW YORK: Wall Street stocks fell early Thursday after the Bank of England followed the US Federal Reserve in enacting a big interest rate hike to combat inflation. The BoE said it was lifting…
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Pakistan’s forex reserves boost after ADB loan
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[ad_1] The US Dollar on Wednesday continued its surge against the rupee on Wednesday. — AFP/File KARACHI: Pakistan’s forex reserves shot up by nearly $1,500 million after the cash-strapped nation received funds from the Asian Development Bank (ADB), a statement…
