Business News
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DISCOs question efficacy of Rs73 billion project | The Express Tribune
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[ad_1] LAHORE: The Power Division and ex-WAPDA DISCOs are in conflict over the implementation of the Rs73 billion “Asset Performance Monitoring System” project as the two sides have conflicting views on its effectiveness. In a letter sent to the DISCOs,…
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FinMin optimistic of securing $7bn IMF loan deal this month
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[ad_1] Finance Minister Muhammad Aurangzeb speaks during an interview. — APP/File Minister for Finance and Revenue Senator Muhammad Aurangzeb has exhibited confidence in the International Monetary Fund’s (IMF) Board of Directors that it will approve the staff-level agreement with Pakistan…
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Progress on Tarbela 5th extension reviewed | The Express Tribune
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[ad_1] LAHORE: The Chairman of the Water and Power Development Authority (WAPDA), Engr Lt Gen Sajjad Ghani (Retd), conducted a thorough visit to the Tarbela 5th Extension Hydropower Project to review the progress of its key components. He was accompanied…
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Why is electricity so expensive in Pakistan? | The Express Tribune
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[ad_1] Energy Minister Awais Leghari revealed during a meeting of the Senate Standing Committee on Energy, chaired by Mohsin Aziz, that a unit of electricity from an Independent Power Producer (IPP) that cost Rs. 3 in 2016 is now priced…
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Local gold prices fall by Rs500 per tola amid drop in global rates | The Express Tribune
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[ad_1] In local markets, the price of 24-carat gold per tola fell by Rs500, dropping to Rs246,000 from Rs246,500. This decrease reflects the significant drop in the international bullion market, where gold prices declined by $17 to settle at $2,400…
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WB says assessing impact of unfolding situation in Bangladesh on loan programme
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[ad_1] Anti-government protestors display Bangladesh’s national flag as they storm Prime Minister Sheikh Hasina’s palace in Dhaka on August 5, 2024. — AFP WASHINGTON: The World Bank on Monday said it was assessing the impact of events in Bangladesh on…
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Analysts urge interest rate cuts, PPP reviews | The Express Tribune
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[ad_1] KARACHI: Economic analysts and industrialists are advocating for a reduction in interest rates and a review of public-private partnerships (PPP) to bolster Pakistan’s economy and industrial growth. They argue that aggressive interest rate cuts could stimulate economic growth, encourage…
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Berkshire Hathaway’s Apple stake cut sparks major tech sell-off | The Express Tribune
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[ad_1] Apple (AAPL.O) and Nvidia (NVDA.O) spearheaded a significant sell-off in technology stocks on Monday as US recession concerns and Berkshire Hathaway’s (BRKa.N) decision to cut its stake in Apple ended a months-long rally in the sector. High-performing shares of…
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Gold prices tumble after reaching record high | The Express Tribune
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[ad_1] In the international bullion market, the price of gold per ounce dropped by $16, bringing it down to $2,417 from the previous price of $2,433. Consequently, in local markets on Monday, the price of 24-carat gold per tola decreased…
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Govt forms task force for urgent power sector overhaul | The Express Tribune
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[ad_1] Following widespread protests over skyrocketing electricity bills, Prime Minister Shehbaz Sharif has announced the formation of a task force to implement structural reforms in Pakistan’s power sector, according to media reports. The task force aims to alleviate the financial…
