Express
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Finance minister confident of enjoying larger, longer IMF programme | The Express Tribune
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[ad_1] Finance Minister Muhammad Aurangzeb expressed confidence in securing a fresh and bigger IMF loan, and highlighted the positive shifts in macroeconomic factors, aiming to bolster the country’s struggling economy. In an interview with The National, published on Monday, the FM noted stabilization in the currency and anticipated a decrease in inflation to single digits…
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‘Iranian gas will come at a price for Pakistan’ | The Express Tribune
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[ad_1] KARACHI: When Iranian President Ebrahim Raisi visits Pakistan on Monday, experts believe that the two issues foremost on his mind, which he will want to discuss with his Pakistani counterpart President Asif Ali Zardari, will be border security and the Iran-Pakistan gas pipeline. “This visit comes at the most troubling time for the region,”…
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Investment in garment city a waste | The Express Tribune
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[ad_1] ISLAMABAD: Economic managers have observed that government’s investment in Lahore Garment City Company (LGCC) is a waste of money and therefore it should refrain from running businesses. During discussions at a recent meeting, the Economic Coordination Committee (ECC) noted that substantial government money had been spent on the LGCC project with a view to…
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BOJ ‘very likely’ to hike rates if inflation keeps rising | The Express Tribune
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[ad_1] WASHINGTON: Bank of Japan Governor Kazuo Ueda said on Friday the central bank “very likely” will raise interest rates if underlying inflation continues to go up, and begin reducing its huge bond buying at some point in the future. The central bank must maintain loose monetary policy for the time being as underlying inflation…
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Aurangzeb optimistic about larger bailout program from IMF | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb on Saturday expressed the expectation of larger bailout programme from the International Monetary Fund (IMF) and considered improving the revenue distribution between the provinces and the Center. Speaking to a group of journalists and think-tanks in Washington, the minister said, if the loan is approved,…
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Stocks surge on Saudi deal hopes | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Friday snapped a three-day losing streak and notched up significant gains as the KSE-100 index reached a historic high above 70,900 with a surge of 620 points. In the morning, trading was shadowed by the escalating Middle East crisis following news reports saying that Israel had carried out…
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Power sector faces Rs560b in losses | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Energy Sardar Awais Leghari said on Thursday that the country would face Rs560 billion in losses in the power sector by the end of June this year. He mentioned that Rs200 billion are billed in the power sector but remain unrecovered from consumers, while another Rs300 billion are lost due…
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Ride-hailing firms eye exclusive SOPs | The Express Tribune
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[ad_1] KARACHI: Operating as Online Marketplaces (OMPs), transportation service providers with technology companies, have demanded that the government ensure proper regulations for the emerging ride-hailing industry. They advocate for standard practices, reasonable taxation, and fair competition, alongside revamping broken road infrastructure. These measures would benefit both customers or users and service providers. The ride-hailing services…
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PMPKL laments significant decline in volumes within legitimate tobacco sector | The Express Tribune
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[ad_1] ISLAMABAD: Philip Morris Pakistan Limited (PMPKL) underscored the urgency for immediate measures to tackle the escalating presence of low-priced non-tax-paid cigarettes, which has resulted in a loss of a level playing field and a significant decline in volumes within the legitimate tobacco sector. In a media briefing to address the profound challenges gripping the…
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SMEs to get affordable credit facilities | The Express Tribune
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[ad_1] ISLAMABAD: The government has drawn up a plan to provide affordable credit facilities to small and medium-sized businesses, which are considered a vital part of the economy and provide a large number of job opportunities. The matter was taken up in a recent meeting of the cabinet while discussing the acceptance of resignation submitted…
