Express
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Experts seek policies for green future | The Express Tribune
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[ad_1] ISLAMABAD: Political leaders, experts and civil society activists have urged the government to revolutionise the country’s energy mix for a sustainable, green future and affordable energy for consumers. During recent years, the prices of electricity have gone up, making it unaffordable for the consumers. At the “State of Energy Security and Just Energy Transition”…
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Economy showing early signs of improvement: SBP | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank has said that economic activities have bottomed out in July 2023 and a silver lining is now clearly visible, suggesting an early economic recovery backed partly by the reduction in global commodity prices and higher international growth forecast. The measures taken to cool down the economy in the previous year…
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Rupee at Rs279/$ as IMF review looms | The Express Tribune
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[ad_1] KARACHI: Ahead of the upcoming International Monetary Fund (IMF) economic review, the Pakistani rupee weakened slightly to close above Rs279 against the US dollar in the interbank market. This depreciation is attributed to the increased demand for foreign currency to cover imports and repay maturing foreign debt. Data from the State Bank of Pakistan…
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IMF needs to change its modus operandi | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) was launched in 1944, tasked by its 44 founding members with “monitoring the international monetary system (IMS) and global economic development to identify risks and recommend policies for growth and financial stability”. Its original purpose was to provide short-term loans to nations that had balance of payments problems…
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A lost decade for stock market investors | The Express Tribune
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[ad_1] KARACHI: If I tell you that the stock market index has just crossed 50,000, then it must not be news for you if you are still investing in the market and watching the index on a daily, if not hourly, basis. However, I am not referring to last week, but to the year 2017…
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Fairly paying public sector racehorses | The Express Tribune
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[ad_1] KARACHI: We’re beginning to see some silver linings. Initially, quick deals for port operations were signed with UAE companies. Lately, efforts for curbing speculation and illegal activities have brought USD Rs50 down to Rs280 in the open market. Under SIFC, accelerated approach is observed where clear targets are given to portfolio holders with expected…
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Fiscal performance in 2023 | The Express Tribune
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[ad_1] KARACHI: As the western hemisphere felt the excitement of the annular solar eclipse in October, the World Bank was circulating its 2023 edition of Pakistan’s fiscal performance. Like a child knowing he had not passed every test, we sheepishly accepted our report card from a disappointed teacher. Like a mixed bag of goodies, it…
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Transport sector pollution | The Express Tribune
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[ad_1] ISLAMABAD: Last week, in the first part of this series, we took a broad view of the air pollution issue, especially in Punjab, where it occupies critical conditions every year. In this space, we will specifically discuss the contribution of vehicles to the air pollution and discuss public policy issues in controlling the pollution.…
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Wall Street investors seek shelter | The Express Tribune
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[ad_1] NEW YORK: Growing volatility in US stocks is driving a search for defensive assets, though investors may have fewer places to hide this time around. Wall Street’s most closely-watched measure of investor nervousness, the Cboe Volatility Index, on Friday hit its highest in nearly seven months, as the S&P 500 slid for the week.…
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Fishermen demand fully fledged policies | The Express Tribune
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[ad_1] KARACHI: Pakistan’s neglected fisheries sector needs fully fledged policies to become a major industry and give fisherman the status of industrial worker, said the head of a fishermen body. “We appeal to both federal and provincial governments to formulate better policies on marine and freshwater fisheries so that it might be a major industry.…
