Business News
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Factory output growth stalls | The Express Tribune
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[ad_1] LONDON: Eurozone manufacturing output growth stalled last month as factories struggled to source raw materials while demand took a knock from steep price increases and fears about the economic outlook, a survey showed. Russia’s invasion of Ukraine, coupled with…
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Oil falls on China growth worries | The Express Tribune
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[ad_1] LONDON: Oil prices fell on Monday as concerns over weak economic growth in China, the world’s top oil importer, overshadowed fears supply might be crimped by a potential European Union ban on Russian crude. Brent crude futures were down…
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USF to launch fibre optic project in Gwadar | The Express Tribune
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[ad_1] ISLAMABAD: The Universal Service Fund (USF) is set to launch a fibre optic project in Gwadar to bring 4G-compatible high-speed internet and telecom services in the region and the project is expected to be completed by the middle of…
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Govt mulls targeted fuel subsidy as PDC swells | The Express Tribune
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[ad_1] ISLAMABAD: A proposal is under study to give targeted subsidy through the Benazir Income Support Programme on petroleum products to the poor motorcyclists following a substantial increase in payments of price differential claims (PDC) to oil marketing companies (OMCs)…
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UK-Pakistan Council for enhancing trade | The Express Tribune
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[ad_1] ISLAMABAD: The UK-Pakistan Business Council has stressed the need for further enhancing bilateral trade coupled with uninterrupted flow of foreign investment for mutual benefit of the two countries. Pakistan and the UK enjoyed excellent economic and multi-dimensional relationship, which…
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REER remains supportive | The Express Tribune
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[ad_1] KARACHI: Pakistan’s real effective exchange rate (REER) – the value of the country’s currency against a basket of currencies of global trading partners – has remained supportive towards encouraging exports and discouraging imports. “The REER index was recorded at…
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US natural gas output growth wanes | The Express Tribune
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[ad_1] WASHINGTON: US natural gas production growth is waning at the same time many countries are looking for new suppliers to help break their dependence on Russian gas after Moscow’s invasion of Ukraine. The United States is already the world’s…
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Dollar rises towards 20-year high | The Express Tribune
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[ad_1] LONDON: The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors preparing for a busy week of central bank meetings including a likely Federal Reserve interest rate hike. The…
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Businessmen frame growth, export-oriented plan | The Express Tribune
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[ad_1] ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s United Business Group (UBG) on Monday submitted a set of 40 growth and export-oriented proposals to the federal government, aimed at accelerating the pace of trade activities besides…
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Russia-Ukraine war to hurt South Asian economies | The Express Tribune
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[ad_1] ISLAMABAD: Further escalation in the Russia-Ukraine war will have an adverse economic impact on South Asian countries, cautioned South Asian Association for Regional Cooperation (Saarc) Chamber of Commerce and Industry President Iftikhar Ali Malik. Talking to a delegation of…
