Business News
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Minister’s absence from roundtable sparks concern | The Express Tribune
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[ad_1] ISLAMABAD: The absence of Federal Minister for Information Technology and Telecommunication Syed Aminul Haq from the Digital Pakistan roundtable in Barcelona has caused discomfort to industry players. The minister travelled from Pakistan specifically to attend the Mobile World Congress…
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Pakistan, IMF to begin talks today | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and the International Monetary Fund (IMF) will begin talks today (Friday) for the next $960 million loan tranche and have set the first session for discussion on the new budget and impact of deviation from prudent economic…
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Oil steadies from decade highs as Iran talks kindle hopes | The Express Tribune
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[ad_1] HOUSTON: Oil steadied after hitting prices not seen in roughly a decade on Thursday, as sellers jumped in on hopes that the United States and Iran will agree soon to a nuclear deal that could add barrels to a…
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Market mixed over amnesty scheme for industrialists | The Express Tribune
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[ad_1] KARACHI: The government’s decision to grant amnesty for industrial development has attracted mixed reactions. While some analysts have cheered the move, other expressed their reservations against it. The leadership has decided to promulgate an ordinance to offer a third…
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CPEC SEZs open to British investors | The Express Tribune
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[ad_1] ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir has said that investors from the United Kingdom have a great opportunity to invest in the China-Pakistan Economic Corridor (CPEC) Special Economic Zones (SEZs). In a meeting…
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$846m debt repayment suspended | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Saudi Arabia on Thursday signed agreements to freeze $846 million in debt repayment for up to six years under a G20 debt suspension initiative. Two agreements were signed by the Ministry of Economic Affairs and the…
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Foreign exchange: SBP reserves fall $344m to $16.46b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 2.05% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On February 25, the foreign currency reserves held by the…
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Market watch: Bourse ends flat in roller-coaster session | The Express Tribune
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[ad_1] KARACHI: Volatility prevailed at the Pakistan Stock Exchange on Thursday as the KSE-100 index endured a topsy-turvy session, ending the day with marginal gains. Investors took cue from the jump in global energy prices, which led to mixed trading….
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Oil prices inch closer to $120 as supply tightens | The Express Tribune
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[ad_1] LONDON: Benchmark Brent crude oil prices climbed close to $120 a barrel on Thursday, with Russian oil exports disrupted as traders try to avoid becoming entangled in sanctions. Support also came from US crude stockpiles at multi-year lows, helping…
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Pakistan, Uzbekistan to sign FTA | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Uzbekistan will sign a preferential trade agreement this week to lower duties on nearly three-dozen products in the range of 20% to 100% aimed at giving a boost to the trade value that remains very thin…
