Express
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Pakistan seeks Turkish expertise to enhance aviation industry | The Express Tribune
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[ad_1] Listen to article Finance Minister, Senator Muhammad Aurangzeb has highlighted the significance of collaboration with Turkiye in the aviation sector, describing it as a “vital component” of the two nations’ bilateral relations. His remarks came during a meeting on Friday with the Chairperson of Pegasus Airlines, Mehmat T. Nane, and the CEO of Lucky Cement Limited,…
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IPPs not to blame for tariff hike: Leghari | The Express Tribune
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[ad_1] Federal Minister for Energy Awais Ahmed Khan Leghari has defended the independent power producers (IPPs), asserting that these private entities are not responsible for the rising cost of electricity in the country. “The IPP policy is not the cause of expensive electricity,” Leghari told Voice of America during an exclusive interview. “The high cost…
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Pakistan imports goods worth $1.62b from India | The Express Tribune
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[ad_1] ISLAMABAD: Despite tense relations, Pakistan has imported goods worth $1.62 billion from India during the last five years. This was disclosed to the Standing Committee for Trade by officials of the commerce ministry who said this had occurred despite the fact that trade had been halted with India. According to documents, Pakistan had bought…
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Gold rate continue to climb locally despite global market decline | The Express Tribune
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[ad_1] Listen to article Gold prices in Pakistan have continued their upward trend, even as global rates have seen a decline for the second consecutive day. On Friday, the price of 24-carat gold in Pakistan increased by Rs200 per tola, pushing the new rate to Rs262,000. The price of 10 grams of gold also saw a rise…
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Millions at risk as govt plans closure of utility stores nationwide | The Express Tribune
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[ad_1] PAKISTAN: The federal government is moving towards closing utility stores nationwide, a move expected to severely impact millions of low-income families who have long relied on discounted essential goods. This follows the government’s decision to halt a Rs50 billion subsidy, which previously offered significant relief to around 26 million deserving households. During a recent…
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Plastic banknote to gain currency | The Express Tribune
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[ad_1] ISLAMABAD: The State Bank of Pakistan (SBP) will change the designs of all currency notes before the start of next year, and also introduce at least one plastic note as an experiment, central bank Governor Jameel Ahmad said on Wednesday. Briefing the Senate Standing Committee on Finance, the SBP chief said that the new-design…
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US election holds key to future of bank capital reforms | The Express Tribune
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[ad_1] WASHINGTON: US regulators will not be able to finalise controversial bank capital increases before the November presidential election, casting doubt on whether these and other strict proposed rules for Wall Street banks will be implemented at all, according to five individuals familiar with the situation. The so-called Basel III Endgame rules would significantly change…
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Buna-Raast: PM Shehbaz unveils project to ease remittances from Arab countries | The Express Tribune
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[ad_1] Listen to article Prime Minister Shehbaz Sharif has launched the Buna-Raast connectivity project, marking a significant step forward in enhancing Pakistan’s digital payment infrastructure. The initiative links Pakistan’s Raast payment system with the Arab Monetary Fund’s Buna platform, enabling millions of overseas Pakistanis in Arab countries to send remittances swiftly and affordably. Speaking at the launch…
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China launches dairy probe as trade tensions rise over EV tariffs | The Express Tribune
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[ad_1] BEIJING: China initiated an anti-subsidy investigation into dairy imports from the European Union (EU) on Wednesday, intensifying trade tensions between the two parties. This move came just one day after the EU revised its proposed punitive tariffs on Chinese-made electric vehicles (EVs). On Tuesday, the EU adjusted its planned duty on Chinese EV imports…
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Threat of losing exports, FDI looms | The Express Tribune
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[ad_1] KARACHI: Pakistan is facing the threat of losing exports and foreign direct investment (FDI) because of potential failure to comply with measures required to combat climate change as global buyers increasingly urge domestic producers to report their best and bad practices contributing to global warming. Speaking at the launch of a report titled “Pakistan’s…
