Business News
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Gold prices hold steady at Rs241,500 per tola | The Express Tribune
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[ad_1] The gold prices remained stable with global rates holding at $2,324 per ounce and local prices in Karachi unchanged at Rs241,500 per tola(11.66 grams), as per the international bullion market on Tuesday. Similarly, the price for ten grams of…
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CPI inflation picks up in June in line with govt, market consensus
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[ad_1] Women buy groceries at a wholesale market in Lahore’s Akbari Market. — Online/File In line with market and government expectations, the country’s headline inflation edged higher to 12.6% year-on-year (YoY) in June, compared to 11.8% in May, according to…
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Modest CPI, IMF talks propel PSX higher | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) concluded the first day of the new fiscal year on a promising note with gains of nearly 380 points, influenced by economic developments and sector-specific news. In the morning, trading remained lacklustre, when the…
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OGDCL to boost local oil and gas production | The Express Tribune
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[ad_1] Pakistan’s largest oil and gas exploration firm – Oil and Gas Development Company Limited (OGDCL) – has announced a significant increase in local oil and gas production, told a spokesperson of the state-owned oil and gas company. The company…
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Boeing resumes new plane deliveries to China after regulatory review | The Express Tribune
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[ad_1] Boeing has restarted wide-body jet deliveries to China that were halted in recent weeks due to a Chinese regulatory review which also stalled new narrow-body deliveries by the U.S. planemaker, according to flight tracking data and two sources. All Boeing deliveries to…
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Govt hikes petrol price by Rs7.45 per litre
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[ad_1] Employees at a fuel station wait for customers in Islamabad on February 16, 2022. — AFP The petrol price in Pakistan has been hiked by Rs7.45 per litre from Rs258.16 to Rs265.61 for the next fortnight in line with…
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‘Very optimistic’ Aurangzeb eyes IMF deal after tax-heavy budget approved
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[ad_1] Finance Minister Muhammad Aurangzeb addressing the press conference in Islamabad, on June 30, 2024. — Screengrab/GeoNews Finance Minister Muhammad Aurangzeb Sunday expressed optimism about Pakistan’s chances of securing a new IMF bailout, following President Asif Ali Zardari’s approval of…
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President Zardari approves tax-heavy Finance Bill 2024
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[ad_1] President Asif Ali Zardari addresses a press conference in Karachi, on May 11, 2022. — Twitter/MediaCellPPP ISLAMABAD: President Asif Ali Zardari on Sunday approved Finance Bill 2024 for the upcoming fiscal year, coming into effect from July 1. The head…
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Cross-subsidy to hit exports | The Express Tribune
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[ad_1] ISLAMABAD: Textile millers have warned that cross-subsidies for the fertiliser sector in “ring-fenced” re-gasified liquefied natural gas (RLNG) prices will have a destructive impact on Pakistan’s exports, employment and economy. In a statement, the All Pakistan Textile Mills Association…
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Railways struggles on track | The Express Tribune
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[ad_1] LAHORE: Pakistan Railways (PR), once the backbone of the nation’s transportation network, is continuously grappling with a variety of challenges. From financial woes to infrastructural decay, the railway system, which was once symbolised as the country’s industrial and transportation…
