Business News
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Rupee depreciation hits industrial sector | The Express Tribune
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[ad_1] KARACHI: The value of US dollar against Pakistani rupee has reached to an all-time high in the history of the country, said Korangi Association of Trade and Industry (KATI) President Salman Aslam. In a statement on Tuesday, he said…
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Chinese home appliances brand enters Pakistan | The Express Tribune
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[ad_1] KARACHI: Pakistan has introduced one more Chinese brand in the home appliances category, as a local company which is engaged in assembling and marketing brands of the neighbouring country, has expanded its assembly line with two new products. Speaking…
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Govt probes mega energy projects | The Express Tribune
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[ad_1] ISLAMABAD: After failing to comply with recommendations of the Environmental Protection Agency (EPA) while completing the multibillion-rupee Neelum-Jhelum hydropower project, the government has started probing mega projects like Diamer Bhasha and Mohmand dams in order to check compliance with…
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Oil drops $3 on positive signals from Russia-Ukraine peace talks | The Express Tribune
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[ad_1] HOUSTON: Oil prices dropped on Tuesday, extending losses from the previous day on signs of progress in talks between Russia and Ukraine to end their weeks-long conflict, with prices further pressured by China’s new lockdowns to curb the spread…
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Senate body discusses steel price hike | The Express Tribune
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[ad_1] ISLAMABAD: The Senate Standing Committee on Industries and Production has been informed that prices of steel had spiked over 100% in the last one year. During its meeting held under the chairmanship of Senator Faisal Sabzwari on Tuesday, officials…
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Pakistan eyes China to boost potato industry | The Express Tribune
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[ad_1] BEIJING: Pakistan plans to increase potato production and grab a share in the Chinese market through modern Chinese technology and high-quality seeds, said Pakistani authorities. Commercial Counsellor of Pakistan Embassy in Beijing Badaruz Zaman said that Pakistan was one…
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Political instability can derail economy | The Express Tribune
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[ad_1] ISLAMABAD: The escalation of geopolitical tensions and domestic political conditions can hamper the positive outlook for Pakistan’s economy and they might also aggravate the macroeconomic imbalances, said Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. Citing…
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Experts for gauging street economy contribution | The Express Tribune
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[ad_1] ISLAMABAD: Local researchers and academics must conduct research and find solutions to Pakistan’s problems, said Pakistan Institute of Development Economics (PIDE) Vice Chancellor Dr Nadeemul Haque. Speaking at the Research for Social Transformation and Advancement (RASTA) conference in Bhurban…
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Asian, European markets rise as ceasefire talks begin between Russia and Ukraine
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[ad_1] Photo: AFP/file HONG KONG: Equities mostly rose Tuesday in Asia and Europe on optimism over talks between Ukraine and Russia aimed at ending their month-long war, while there was further support from another drop in oil prices. While the…
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Market watch: Bulls toss KSE-100 above 44,000 points | The Express Tribune
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[ad_1] KARACHI: Bulls held sway at the Pakistan Stock Exchange on Tuesday, as buoyant investors rushed to make fresh purchases driven by a political twist that was cherished by the market. Punjab Chief Minister Usman Buzdar’s surprise resignation a day…
