Business News
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Banks to observe two-day public holiday, announces SBP
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[ad_1] State Bank of Pakistan building in this undated image. — SBP Banks will be closed for two days across the country on account of public holidays announced for Ashura — 9th and 10th Muharram, 1446AH — falling on July…
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Skills a must for professionals to navigate challenges | The Express Tribune
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[ad_1] KARACHI: State Bank of Pakistan (SBP) Deputy Governor Dr Inayat Hussain has underscored the need for providing treasury professionals of financial institutions with the skills necessary to navigate the challenges of an evolving financial landscape. His remarks were delivered…
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UN reveals digital economy’s environmental toll on developing nations | The Express Tribune
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[ad_1] The UN Conference on Trade and Development (UNCTAD) said Wednesday that developing countries bear the environmental impact of the digital economy while reaping relatively small benefits from key digitalization in mining and minerals. UNCTAD released its Digital Economy Report…
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Nearly one in six UK millionaires to vanish by 2028 | The Express Tribune
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[ad_1] Britain is likely to lose nearly one in six of its U.S. dollar millionaires by 2028, but their number is set to grow in other countries including the United States and surge in Taiwan, according to a report published…
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Govt okays first phase of ML-I project | The Express Tribune
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[ad_1] ISLAMABAD: Just hours before dispatching special envoys to Beijing with the energy debt restructuring proposal, Pakistan on Tuesday approved the $3.3 billion worth of first phase of the Mainline-I (ML-I) project. With the green light to the first phase…
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Large numbers of traders, tourists cross border | The Express Tribune
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[ad_1] BEIJING: experienced a significant rise in cross-border traffic in the first half of the current calendar year, with 21,000 travelers, representing a 110% year-on-year increase. On June 11, the port cleared 1,123 people in a single day, breaking the…
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Overseas workers’ remittances surge to $30.3bn in FY24; up 10.7%
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[ad_1] A money exchange employee counts dollars. — AFP/File Remittances sent home by overseas workers hit $30.3 billion in the fiscal year 2023-24 (FY24), up 10.7% year-on-year from $27.3 billion in the fiscal year 2022-23 (FY23), State Bank of Pakistan…
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PSX breaches 81,000 mark during intraday trade
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[ad_1] Stockbrokers watch the latest share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on February 3, 2020. — AFP/Files KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday breached the 81,000-point mark as local and foreign investors shifted…
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PSX shatters records with unprecedented high of 81,000 points | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) on Tuesday surpassed the 81,000-point mark, marking a historic milestone driven by robust buying from both local and foreign investors. The benchmark KSE-100 index rose sharply by 483.98 points, or 0.6%, reaching 81,050.18 points…
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Government considers dropping power tariff hike for protected consumers | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has proposed to withdraw the recent electricity price hike for consumers using up to 200 units per month, according to sources. Prime Minister Shehbaz Sharif has directed the federal cabinet to urgently approve the summary…
