Business News
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FBR orders blocking SIM cards of over half-a-million non-filers | The Express Tribune
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[ad_1] ISLAMABAD: In a major development, the Federal Board of Revenue (FBR) on Tuesday issued legally-binding instructions to the relevant departments to block mobile phone connections of over half-a-million non-filers, as its campaign to voluntarily register retailers also falls apart…
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Forex reserves get major boost as Pakistan receives $1.1bn IMF tranche
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[ad_1] A currency dealer counts US dollar notes at an exchange in Karachi on May 19, 2022. — AFP/File Pakistan’s foreign exchange reserves got a major boost as the State Bank of Pakistan (SBP) on Tuesday confirmed receiving $1.1 billion…
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Samsung expects strong AI demand to boost tech sales in coming year
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[ad_1] The image shows a display centre of Samsung in South Korea. — AFP File Samsung Electronics, the South Korean tech giant, anticipates robust demand for artificial intelligence (AI) in the latter half of 2024. The surge in demand is…
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Govt implements sweeping fiscal reforms to cut debt | The Express Tribune
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[ad_1] ISLAMABAD: The federal government, on Monday, notified new fiscal rules to reduce its debt servicing cost by gradually tapping into trillions of rupees of public money that ministries and departments have parked in commercial banks. The Ministry of Finance…
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Pakistan ‘gets’ IMF board’s nod for final $1.1 billion tranche
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[ad_1] IMF headquarters in Washington, US. — AFP/File ISLAMABAD: In a most sought-after development, the International Monetary Fund (IMF) has okayed the third and final tranche of a $1.1 billion loan for Pakistan under the $3 billion Stand-By Arrangement (SBA),…
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Business confidence sees slight increase of 1.8% in April | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan’s (SBP) business confidence index (BCI) improved by 1.8% to a three-month high at 53.3 in April 2024, suggesting that the businesses’ trust lost in the past is gradually returning to normalcy in the…
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IMF board likely to take up Pakistan’s case for release of last tranche
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[ad_1] This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP ISLAMABAD: The International Monetary Fund (IMF) Executive Board meeting is expected to discuss Pakistan’s request to release…
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SBP holds key policy rate at 22% | The Express Tribune
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[ad_1] KARACHI: In line with market expectations, Pakistan’s central bank has left its key policy rate unchanged at a record high of 22% for the seventh consecutive time in the past 10 months, ahead of the IMF executive board’s final…
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In meeting with IMF chief, PM Shehbaz discuses new loan agreement
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[ad_1] On the sidelines of the World Economic Forum Special Meeting in Riyadh, Prime Minister Shehbaz Sharif on Sunday discussed new loan agreement with International Monetary Fund (IMF) Managing Director Kristalina Georgieva. In his first meeting with the IMF chief…
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The tale of two banks | The Express Tribune
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[ad_1] ISLAMABAD: “…….we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way – in short, the period was so far like the present period,” excerpt…
