Express
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IT exports dip 12.4% to $265m | The Express Tribune
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[ad_1] LAHORE: The latest data from the State Bank of Pakistan has revealed a 12.54% decline in Telecommunications, Computer, and Information Technology exports for January 2024 compared to the previous month. The figures, released on Monday, indicate a decrease from $303 million in December 2023 to $265 million in January 2024. However, on a year-on-year…
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CAD at 6-month high as outflows rise | The Express Tribune
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[ad_1] Country-wise major outflow was witnessed from China ($225 million) and sector-wise major outflow witnessed in the power sector ($243 million) in January 2024. Photo: afp KARACHI: Pakistan’s balance of the current account failed to stay in surplus for the second successive month, hitting a six-month high deficit of $269 million in the wake of…
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Fitch warns uncertain political situation threat to IMF deal | The Express Tribune
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[ad_1] The closely contested outcome of Pakistan’s recent election and the ensuing political ambiguity may pose challenges to the nation’s efforts to secure a financing agreement with the International Monetary Fund (IMF), replacing the expiring Stand-By Arrangement (SBA) in March 2024, according to Fitch Ratings. Fitch warned on Monday that the uncertain political landscape in…
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General elections and economy | The Express Tribune
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[ad_1] LAHORE: Elections have been held according to the announced date, which has ended the uncertainty surrounding the electoral process. Initially, the election campaign remained slow owing to the lingering uncertain political situation as the country had been in the grip of rumours that the tenure of caretaker setup will be extended by considering the…
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Transforming trophy hunting in G-B and Chitral | The Express Tribune
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[ad_1] ISLAMABAD: Trophy hunting is the practice of hunting wild animals for sport, not for food. It involves hunters paying high fees to target popular species such as Markhor, Himalayan Ibex, Blue sheep, Ladakh Urial, and many more popular species of ungulates. The hunting season for Markhor, Ibex, and Blue Sheep typically continues from November…
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Gas price hike for fertiliser plants sought | The Express Tribune
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[ad_1] ISLAMABAD: The government has initiated discussions to increase gas prices for the remaining six fertiliser plants aimed at preventing the possibility of windfall profits of around Rs100 billion due to its earlier decision to raise prices for only four plants. The issue of gas prices in the range of 175%, or Rs1,017 per mmbtu,…
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‘Govt must reconsider gas tariff hike’ | The Express Tribune
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[ad_1] ISLAMABAD: Trader bodies on Saturday urged the federal government to reconsider its decision to hike the gas tariff to address concerns of the business community. Islamabad Chamber of Commerce and Industry (ICCI) President Ahsan Zafar Bakhtawari and President of Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Sheikh, made the demand during a…
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Businessmen urge opening of more Pak-Afghan borders | The Express Tribune
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[ad_1] PESHAWAR: Businessmen dealing in Pak-Afghan trade have demanded FBR and Ministry of Commerce to open Ghulam Khan and Kharlachi borders with Afghanistan for full-fledged commercial activities in the wake of the excessive transportation burden on the Torkhem border post. In a joint press statement issued on Saturday, Coordinator Pak-Afghan Joint Chamber of Commerce and…
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PSX plans Sukuk auction for lower financing costs | The Express Tribune
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[ad_1] A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. PHOTO: REUTERS KARACHI: The Pakistan Stock Exchange (PSX) is scheduled to hold its next auction to sell one to five-year Sukuks on Tuesday (February 20), helping the cash-strapped government raise a targeted Rs150 billion at apparently…
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Gas price surge expected to propel inflation to 25% | The Express Tribune
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[ad_1] KARACHI: The latest hike in gas and petroleum oil prices for households and industrial consumers in February is estimated to increase the inflation rate by almost half a percentage point to around 25% in the current fiscal year 2023-24, reducing the likelihood of a token cut in the benchmark interest rate in mid-March 2024.…
