Business News
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SBP receives $1b loan tranche from IMF | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan has received an installment of $1.053 billion from the International Monetary Fund under the Extended Fund Facility worth $6 billion. “Following the successful completion of the sixth review of the IMF program, SBP…
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Oil hits seven-year highs as US storm heightens supply concerns | The Express Tribune
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[ad_1] LONDON: Oil prices reached seven-year highs on Friday as geopolitical tensions and a winter storm in the United States fuelled concerns over supply disruptions. Brent crude rose $1.29, or 1.4%, to $92.40 a barrel by 1100 GMT, having earlier…
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PM Imran’s China trip to give fresh fillip to CPEC | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and China are scheduled to sign a five-year Industrial Cooperation Framework Agreement to re-energise the China-Pakistan Economic Corridor (CPEC). Moreover, Islamabad would also seek rollover of $4 billion Chinese loans and increase in size of $4.5 billion…
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Meta’s profit slips as Facebook loses users
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[ad_1] — AFP SAN FRANSISCO: Facebook’s parent firm Meta on Wednesday delivered a gloomy mix of a sharper-than-expected drop in profit, a decrease in users and threats to its ad business that plunged shares some 22 percent in after-hours trading….
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Expert for uplifting cottage industry | The Express Tribune
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[ad_1] ISLAMABAD: Traditional cottage industries and handicrafts continue to play an important role in the economies of all Asian countries, Pakistan Furniture Council Chief Executive Officer Mian Kashif Ashfaq underlined. Talking to students from the Institute of Communication Studies (Punjab…
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Kazakhstan for increasing trade | The Express Tribune
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[ad_1] SIALKOT: Exporters from Sialkot should come forward and tap the markets of Kazakhstan to strengthen bilateral trade between the two countries, said Ambassador of Kazakhstan to Pakistan Yerzhan Kistafin. In a meeting with members of Sialkot Surgical Instrument Manufacturers…
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SBP introduces Raast P2P payment service | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has launched a person-to-person (P2P) funds transfer service in the country through its instant payment system Raast. This would provide a convenient and hassle-free digital funds transfer service to customers across the…
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Industry advocates iron ore import from Afghanistan | The Express Tribune
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[ad_1] KARACHI: Pakistan can tap iron ore reserves of Afghanistan to reduce the cost of domestic steel production, suggested Federation of Pakistan Chambers of Commerce and Industry President Mian Nasser Hyatt Maggo. Identifying the enormous untapped potential of Afghanistan’s Hajigak…
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SBP reserves fall $463m to $15.73b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell 2.86% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On January 28, the foreign currency reserves held by the…
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Rupee recovers to two-month high | The Express Tribune
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[ad_1] KARACHI: Pakistani currency hit a two-month high of Rs175.52 against the US dollar in the inter-bank market on Thursday after the International Monetary Fund (IMF) resumed its $6 billion loan programme and approved the release of next tranche of…
