Business News
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Big retailers demand end to tier system | The Express Tribune
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[ad_1] LAHORE: Large retailers have called on the government to simplify the sales tax regime, especially for the integrated small and medium-sized retailers, and do away with the categories of tier-1 retailers and other-than-tier-1 retailers. They have also asked the…
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Pakistan-Turkey trade on the rise | The Express Tribune
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[ad_1] KARACHI: The efficient land-based shipping between Turkey and Pakistan has improved bilateral trade, as it surpassed the $1.1 billion level during 2021. Talking to The Express Tribune, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal…
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Oil imports hit record at $2.2b in April | The Express Tribune
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[ad_1] KARACHI: Pakistan’s energy import bill hit a record high at $2.22 billion in April 2022, as the growth in demand was emerging partly from “speculative fuel buying” ahead of the likely decision by the government to increase petroleum prices….
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Rupee slumps to new record low | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its downturn for the seventh successive working day, as it nosedived to a new all-time low at over Rs194 against the US dollar in the interbank market on Monday. The government kept delaying required measures…
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GDP growth to range from 4.5-5.5% | The Express Tribune
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[ad_1] ISLAMABAD: Days before a scheduled meeting to approve the outgoing fiscal year’s economic growth rate, contradictory estimates are being made about the total national output, indicating a growth range of 4.5% to 5.5% amid claims that the Pakistan Bureau…
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Govt split over import curbs | The Express Tribune
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[ad_1] ISLAMABAD: The government on Monday appeared deeply divided over the extent of import curbs, as the prime minister wanted a steep reduction to avoid the looming default but was not ready for reduced working days while the economic team…
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Market watch: Stocks nosedive on economic concerns | The Express Tribune
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[ad_1] KARACHI: Bears completely sidelined the bulls at the Pakistan Stock Exchange on Monday, as the benchmark KSE-100 index nosedived 819 points, starting the week on a negative note. Showing their complete dominance, the bears held their grip over the…
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Wheat prices hit record high after India export ban
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[ad_1] In this file photograph taken on April 12, 2022, an Indian farmer poses as he harvests wheat crop in a field on the outskirts of Amritsar, in the northern Indian state of Punjab. -AFP PARIS: Wheat prices surged to…
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PM Shahbaz Sharif unhappy over failure to meet wheat procurement target
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[ad_1] PM Shahbaz Sharif chairs a meeting to review the wheat procurement target. -Courtesy PM Office ISLAMABAD: Expressing his displeasure over the delay in procurement of wheat by the provinces, Prime Minister Shahbaz Sharif stressed the completion of the process…
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Dollar surges past Rs194-mark in interbank during intraday trade
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[ad_1] A represnetative image. KARACHI: The dollar reached a new high in the interbank market Monday against the Pakistani rupee, surging past the Rs194-mark amid concerns over the government’s strategy to deal with the economic crisis. According to market reports,…
