Business News
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‘High interest rate threatens SMEs’ | The Express Tribune
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[ad_1] KARACHI: The business community has termed high interest rates threat to the survival of small and medium enterprises and cited that it caused significant increase in the cost of doing business for industries. In a joint statement, Pakistan Yarn…
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Telecom group seeks withholding tax reduction | The Express Tribune
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[ad_1] ISLAMABAD: The Pakistan Telecommunication Company Limited (PTCL) group has urged the newly established government to cut withholding tax (WHT) in the upcoming budget. In a statement on Wednesday, PTCL Chief Financial Officer (CFO) Nadeem Khan stressed the need for…
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Eid 2022: When will SBP issue fresh currency notes?
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[ad_1] A forex dealer holding fresh currency notes. — APP/File KARACHI: Every year the State Bank of Pakistan (SBP) issues fresh currency notes during Ramazan ahead of Eid-ul-Fitr but the policy has not been announced for the current season, leaving…
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Crisis-hit Sri Lanka defaults on foreign debt
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[ad_1] Protestors arrive to take part in a demonstration against the economic crisis at the entrance of the president’s office in Colombo on April 11, 2022. — AFP COLOMBO: Sri Lanka announced a default on its $51 billion foreign debt…
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OPEC to stop using IEA data | The Express Tribune
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[ad_1] DUBAI: A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog reflected concern about US influence on the figures, sources close to the matter said, adding to strain on ties between…
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US inflation at 16.5-year high | The Express Tribune
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[ad_1] WASHINGTON: US monthly consumer prices increased by the most in 16.5 years in March as Russia’s war against Ukraine boosted the cost of gasoline to record highs, cementing the case for a 50-basis-point interest rate hike from the Federal…
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Great potential for boosting Sino-Pak trade | The Express Tribune
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[ad_1] BEIJING: The statistics, released by the General Administration of Customs of China, show that Pakistan’s exports to China crossed $67 million in the first two months of 2022, which recorded a nearly 23% year-on-year increase. In recent years, with…
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PSX relaxes investor eligibility criteria | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange, with the approval of the Securities and Exchange Commission of Pakistan (SECP), has significantly eased the requirements for the eligibility of accredited individuals investing in companies on the Growth Enterprise Market (GEM) board. “As…
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Women entrepreneurs urged to improve products | The Express Tribune
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[ad_1] MULTAN: Women entrepreneurs of Pakistan should improve their products to move forward in economic sector, said Multan Chamber of Commerce and Industry (MCCI) women wing convener Romana Tanveer Sheikh. Speaking at an exhibition on Tuesday, she said that women…
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Economic challenges to persist: Fitch | The Express Tribune
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[ad_1] KARACHI: Despite the change in the political setup, the challenges remain the same and the problems of inflation, external risks and supply disruption are expected to loom large over Pakistan’s economy in the days to come. “The recent government…
