Business News
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RDA inflows at 19-month high | The Express Tribune
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[ad_1] KARACHI: The foreign currency investment made by overseas Pakistanis through the Roshan Digital Account (RDA) reached a 19-month high at $182 million in March 2024, which indicated an increase in confidence of expatriate Pakistanis in the national economy. According…
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IMF executive board to approve Pakistan’s $1.1 billion tranche next week
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[ad_1] IMF headquarters in Washington, US. — AFP/File The International Monetary Fund’s (IMF) executive board will hold its meeting on April 29 to review the approval of $1.1 billion funding for Pakistan under the $3 billion Stand-By Arrangement (SBA), Reuters…
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Stocks soar to new high above 72k | The Express Tribune
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[ad_1] KARACHI: Bulls made a comeback at the Pakistan Stock Exchange (PSX) on Wednesday as the KSE-100 index touched a new peak above the 72,000-point mark over improved economic prospects. Earlier, trading began on an optimistic note and the KSE-100…
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Oil prices fall as ME tensions ease | The Express Tribune
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[ad_1] LONDON: Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and business activity in the world’s largest oil consumer slowed, however, a fall in US crude oil inventories put a floor on…
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Industrialists urge action on Pak-Iran trade targeting $10b | The Express Tribune
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[ad_1] KARACHI: Welcoming the Pak-Iran bilateral trade target of up to $10 billion, industrialists, exporters, and importers have called for exploring avenues for local currency or barter trade, tapping into Iran’s potential in the energy sector, and resolving the Pakistan-Iran…
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PM Shehbaz asked to ‘shake hands’ with India
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[ad_1] Prime Minister Shehbaz Sharif was urged to mend ties with neighbouring countries including India in a bid to improve the country’s economy. The suggestion was floated by a top business leader of the country at a ceremony attended by…
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IMF board to finalise $1.1b disbursement on Monday | The Express Tribune
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[ad_1] KARACHI: The executive board of the International Monetary Fund (IMF) will meet on April 29 to discuss the approval of $1.1 billion funding for Pakistan, the fund said on Wednesday. The funding is the second and last tranche of…
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Is Tesla in its flop era? Elon Musk switches to cheaper cars as profits drop
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[ad_1] Elon Musk company profits fall record low. — AFP/File Tesla has announced to introduce a new line of affordable cars by the year 2025, backtracking from its previous plans to produce an all-new model that had been expected to…
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PSX hits all-time high of 72,051 points on economic hopes
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[ad_1] Stockbrokers monitor the latest share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on December 2, 2022. — APP KARACHI: Pakistan stocks hit another record high by surpassing the 72,000 point mark as investors…
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Govt promoting interest-free economy, Islamic banking in line with FSC verdict: FinMin
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[ad_1] A representational image showing a man counting rupee notes. — AFP/File The federal government is promoting an interest-free economy and establishing Islamic banking branches across the country in line with the Federal Shariat Court’s (FSC) verdict for getting rid…
