Business News
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Pakistan, China may renegotiate FTA benefits | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and China are expected to renegotiate the benefits under the current phase of Free Trade Agreement (FTA) as trade results for 38 export items to China have not been very encouraging. Pakistan has started drafting a renegotiation deal concerning the export of these items to China. Pakistan wants more concessions exclusive to…
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Pakistan on IT bandwagon | The Express Tribune
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[ad_1] ISLAMABAD: Owing to the youth bulge, Pakistan will quickly jump on the information technology bandwagon to achieve fast economic development as well as fulfill market needs for human capital, emphasised President Dr Arif Alvi. Addressing the Lahore Chamber of Commerce and Industry (LCCI) IT Awards 2022 ceremony, the president called for increasing quality human…
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Equities mixed, oil extends gains with focus on Ukraine
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[ad_1] Representational image of persons standing in front of a stock exchange screen. — AFP HONG KONG: Stock markets were mixed Wednesday as three days of painful losses gave way to a semblance of stability, though oil prices extended gains after the United States and Britain moved to ban imports of Russian crude. But while…
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Market watch: Stocks turn bullish over policy rate clarity | The Express Tribune
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[ad_1] KARACHI: Investor interest revived at the Pakistan Stock Exchange on Wednesday as the benchmark KSE-100 index regained some lost ground owing to the status quo maintained by the State Bank of Pakistan (SBP) in the monetary policy. Keeping in view the deteriorating geopolitical situation and the threat of escalation of war, a small chunk…
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Pakistan’s low-cost Fly Jinnah airline unveils brand identity | The Express Tribune
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[ad_1] Fly Jinnah, Pakistan’s new low-cost carrier, on Wednesday revealed its visual brand identity. Fly Jinnah’s’ brand identity, with its brand name abbreviation ‘FJ’, has adopted the vibrant red as its main colour to reflect the young and modern spirit of the airline while the logo and brand identity consisting of its unique font and…
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Oil falls towards $125 as investors weigh US import ban | The Express Tribune
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[ad_1] LONDON: Oil slipped towards $125 a barrel in volatile trading on Wednesday as investors assessed the US ban of Russian oil imports and Russia announced a new ceasefire in Ukraine on Wednesday to let civilians flee. A view that the US ban of Russian oil imports may not worsen shortages kept a lid on…
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Russia to nationalise foreign factories | The Express Tribune
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[ad_1] COPENHAGEN: A senior member of Russia’s ruling party has proposed nationalising foreign-owned factories that shut down operations in the country over what the Kremlin calls a special military operation in Ukraine. Several foreign companies have announced temporary shutdowns of stores and factories in Russia in order to put pressure on the Kremlin to stop…
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Budget deficit to surpass IMF’s target | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s revised estimates show that its primary budget deficit will breach the recently agreed limits with the International Monetary Fund (IMF) and inflation will remain high but there is positivity in economic growth rate trajectory. The government has shared its initial assessment of the economy with the IMF during ongoing talks, sources said.…
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Govt to keep 0.2m tonnes of urea inventory | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to maintain 2 lakh tonnes of urea inventory in March and the cost of inventory loss of manufacturing companies will be built in the government’s next controlled prices for urea. In a fertiliser review meeting, chaired by Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar on Tuesday, the…
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Rupee slips to new record low in inter-bank market | The Express Tribune
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[ad_1] KARACHI: The rupee felt the heat of Russia-Ukraine conflict as the currency fell to a fresh all-time low at Rs178.61 against the US dollar in the inter-bank market on Tuesday on the back of surging oil prices coupled with the forecast of wheat shortage, which would increase the import cost for Pakistan. According to…
