Business News
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Sindh vows to provide up to 100 units of free electricity | The Express Tribune
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[ad_1] Sindh Energy Minister Syed Nasir Hussain Shah on Friday announced that the Sindh government plans to establish solar parks to contribute electricity to the national grid, saying that the initiative aims to provide free electricity for up to 100…
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‘Significant progress’ achieved in Pakistan loan talks: IMF
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[ad_1] The International Monetary Fund’s (IMF) building in Washington, United States. — AFP/File In its talks held between May 13 to 23 with the Pakistan, the International Monetary Fund (IMF) Thursday said “significant progress” has been achieved with regards to…
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Govt diverts Rs70.5b to hydel projects | The Express Tribune
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[ad_1] ISLAMABAD: The government on Thursday approved a multimillion-dollar compensation package for the Chinese nationals killed in a terrorist attack and diverted Rs70.5 billion worth of discretionary budget of Prime Minister Shehbaz Sharif and parliamentarians towards hydroelectric power schemes. The…
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Over 11,000 SIMs blocked as FBR tightens noose around non-filers
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[ad_1] Representation image of mobile phone SIM cards. — AFP/File In line with the government’s decision, the Federal Board of Revenue (FBR) on Thursday said that more than 11,000 mobile phone SIMs of non-filers have been blocked so far across…
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UAE allocates $10bn for investment in Pakistan
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[ad_1] Prime Minister Shehbaz Sharif and President of UAE Sheikh Mohamed bin Zayed Al Nahyan meet in Abu Dhabi on May 23, 2024. — PID DUBAI: In an encouraging development, the United Arab Emirates (UAE) has allocated $10 billion for…
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‘Over 9,000 SIMs blocked’ as FBR tightens noose around non-filers
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[ad_1] SIMs can be seen in this representational image. —Pixabay/ File ISLAMABAD: As per planned action against non-filers by the federal government to curb tax evasion, over 9,000 SIMs of non-filers were blocked following the directives of the Federal Board…
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Rupee dips to one-month low | The Express Tribune
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[ad_1] KARACHI: Pakistani currency hit a one-month low at Rs278.47 against the US dollar in the inter-bank market on Wednesday, extending its losing streak for the third consecutive day in the wake of higher demand for the greenback. According to…
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Investment plummets to 50-year low | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s investment ratio has plunged to its lowest level in 50 years, falling to just 13.1% of the size of the economy in the outgoing fiscal year, despite efforts by the Special Investment Facilitation Council (SIFC), according to…
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OICCI calls for abolishing Rs5,000 notes
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[ad_1] A dealer counts banknotes of Rs5000 at a currency market in Pakistan. — AFP/File The Overseas Investors Chamber of Commerce (OICCI) has called for a ban on Rs5,000 banknotes to prevent currency circulation, in its recommendations ahead of the…
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BRICS: US dollar suffers massive blow as India-Russia local trade reaches record high
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[ad_1] BRICS trade hits new record as US Dollar takes big hit. — Global Finance Magazine/File The United States dollar suffers yet another blow as the BRICS countries’ unilateral trade has reached a record high. According to the Emirates News…
