Business News
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India set to bypass US dollar for trade with Russia | The Express Tribune
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[ad_1] A system that could allow the direct rupee to rouble payments could be launched this week, enabling trade between India and Russia, according to a top Indian trade official. A Sakthivel, President of the Federation of Indian Export Organisations (FIEO), recently told CNBC that the arrangement would pave the way for financial operations between…
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Market watch: Stocks rally amid clarity on political front | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange made a sharp recovery on Monday, as the benchmark KSE-100 index, after staying in negative territory for most part of the day, surged 382 points and ended just below the 44,000 mark. Market players finally hoped for an end to the prolonged political turbulence as Prime Minister Imran Khan…
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Oil slides on concerns of weaker Chinese demand | The Express Tribune
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[ad_1] LONDON,: Oil prices tumbled more than $9 on Monday as fears grew over weaker fuel demand in China after financial hub Shanghai’s lockdown to curb a surge in Covid-19 infections. Brent crude futures slid as low as $111.17 a barrel and were trading down $9.02, or 7.4%, at $111.63 a barrel by 1403 GMT.…
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Fix the house for Naya Pakistan | The Express Tribune
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[ad_1] KARACHI: The entire nation is glued to the national political drama once again. Political leaders are once again toying with – or claiming to represent – the lives of the common man. Every six months or so, there is another Pandora’s Box for people to worry about. Be it no-trust motion, Senate elections, IMF…
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BP to infuse £1b in British EV charging | The Express Tribune
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[ad_1] BENGALURU: Oil major BP PLC said on Friday it plans to invest 1 billion pounds ($1.32 billion) in electric vehicle charging in the United Kingdom over the next decade, to meet the country’s growing demand for greener power. The company, which has sought to shift away from oil and expand operations in power markets…
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COP26: the oil and gas predicament | The Express Tribune
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[ad_1] If COP26 could not do much against oil and gas, the recent high prices have done the deserved or undeserved damage to the future of oil and gas. Renewable lobby has always considered low oil and gas prices to be a bad news, as it makes renewable uncompetitive and the drive to phase out…
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Literature and economy | The Express Tribune
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[ad_1] LAHORE: Intuitively, the link between literature and the economy is not expressly apparent. Following an analysis of the two disciplines, my assertion is that these two fields are inextricably connected. Literature serves as a reflection of the economic situation of a nation, and that it drives economic progression. Historically, and presently, the two disciplines…
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Framing viable trade strategy in national interest | The Express Tribune
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[ad_1] KARACHI: Recent global events, which include not only the RussiaUkraine conflict but also the withdrawal of US troops from Afghanistan and the Covid-19 pandemic, have led to several discussions on the level of diversification in export products of Pakistan as well as in its export markets. Exports from Pakistan have shown an upward trajectory…
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Moscow Exchange to resume trading | The Express Tribune
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[ad_1] MOSCOW: The Russian central bank said on Saturday that the Moscow Exchange will resume trading on Monday, with Russian shares and bonds in normal mode, albeit for half a day. It said the trading session will last from 9:50 AM until 1:50 PM Moscow time (0650-1050 GMT). The Russian market is gradually reopening and…
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Sorghum cooperation to enter CPEC | The Express Tribune
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[ad_1] Sorghum is a multi-purpose crop that can play an important role in food and fodder provision. By tapping its potential jointly, China wishes to bring sorghum cooperation into the China-Pakistan Economic Corridor (CPEC) and benefit the people of both sides. These views were shared by experts in the Symposium on Sorghum Industry Development of…
