Express
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CPEC opens doors to Pak-Kyrgyz trade expansion | The Express Tribune
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[ad_1] ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) has opened doors for expansion of trade between Pakistan and Kyrgyzstan, WealthPK reported. The two countries have had long-standing cultural, religious and economic ties. Kyrgyzstan won independence in 1991, unlocking a new era for Pakistan-Kyrgyzstan relations. Pakistan recognised Kyrgyzstan almost immediately, and official diplomatic ties were established in…
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Farmers threaten to stage protest | The Express Tribune
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[ad_1] LAHORE: Farmers have emphasised that the recent move of the government to withdraw the sales tax exemption on agricultural inputs and animal fodder will push up the cost of doing business and reduce the income of growers. Sales tax exemption has been withdrawn on maize, seeds, fish meal, animal feed, soybean, raw cotton, banola,…
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FIA busts Rs54b scam | The Express Tribune
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[ad_1] KARACHI: The Federal Investigation Agency (FIA) has arrested Hascol Petroleum Limited (HPL) Founder Mumtaz Hasan in an alleged scam worth Rs54 billion, as an inquiry into bank default, financial fraud and money laundering produced pieces of evidence against him. He managed to conduct fraudulent financial transactions with the support of officials from several banks,…
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SSGC to get steel mill land on lease | The Express Tribune
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[ad_1] ISLAMABAD: The board of directors of Sui Southern Gas Company (SSGC) on Saturday approved the acquisition of 11 acres of land on lease from Pakistan Steel Mills (PSM) against its receivables on account of gas supply to the steel unit. According to sources, the board gave the go-ahead for acquiring the piece of land,…
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Stocks edge up in range-bound trading | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed a range-bound trading week as the benchmark KSE-100 index experienced both bullish and bearish pressures, stemming from many encouraging and dismal developments. On the one hand, market participants cheered the status quo in monetary policy and the approval of SBP Amendment Bill by the Senate, but on the…
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Punjab govt vows to facilitate businessmen | The Express Tribune
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[ad_1] LAHORE: Ensuring a business-friendly environment is the top priority of the Punjab government and business community will not face any trouble in accessing any institution of the provincial administration, announced Punjab Chief Secretary Kamran Ali Afzal. Speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Saturday, he said that the government was…
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Chambers asked to exchange information | The Express Tribune
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[ad_1] FAISALABAD: Expeditious exchange of information through reliable linkages between chambers is essential to survive in this age of rapid inventions and cutting-edge technologies, said Pakistan Scientific and Technological Information Centre (PASTIC) Director General Muhammad Akram Sheikh. In a virtual meeting with the Faisalabad Chamber of Commerce and Industry (FCCI) and Sargodha Chamber of Commerce…
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Erdogan sees fall in Turkey’s inflation | The Express Tribune
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[ad_1] ANKARA: Turkish President Tayyip Erdogan reiterated his economic policy on Saturday and said that interest rates would be lowered further and inflation would fall as a result. His comments came days before inflation data for January is announced. He added that Turkey’s economic woes would pass. Embroiled in a currency crisis fuelled by the…
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High inflation to persist this year | The Express Tribune
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[ad_1] BENGALURU: Persistently high inflation will haunt the world economy this year, according to a Reuters’ poll of economists who trimmed their global growth outlook on worries of slowing demand and the risk interest rates would rise faster than assumed so far. This represents a sea change from just three months ago, when most economists…
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SPI decreases 0.11% | The Express Tribune
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[ad_1] The Sensitive Price Indicator (SPI) for the week ended January 27, 2022, registered a decrease of 0.11% for the combined income group, going down from 167.29 points during the week ended January 20, 2022, to 167.11 points in the week under review. The SPI for the combined income group rose 18.62% compared to the…
