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With larger fall, rupee near 1-month low | The Express Tribune
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KARACHI: Pakistani currency on Wednesday hit nearly one-month low above Rs282.50 against the US dollar in inter-bank market, as it maintained the losing streak for the eighth consecutive day ahead of first IMF review under the $3 billion loan programme….
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Forex reserves fall by $220m to $7.5b | The Express Tribune
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KARACHI: Pakistan’s foreign exchange reserves fell by $220 million on a weekly basis, with the total now standing at $7.494.2 billion. Reserves dropped by 2.8% as of October 20, data released on Thursday by the State Bank of Pakistan (SBP)….
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Global stocks fall, US bond yield rise as Israel gears up for major ground assault
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Artillery shells are lined up next to an armoured vehicle as Israeli soldiers take positions near the border with Gaza in southern Israel on October 9. — AFP A regional dispute in occupied Palestine and concerns that US interest rates…
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Weekly inflation eases 1.7% over oil price fall | The Express Tribune
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ISLAMABAD: Owing to the reduction in prices of petroleum products in line with global trend and the fall in dollar rate in the wake of a crackdown on currency smugglers and hoarders, the inflation rate has come down in Pakistan,…
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Israel-Hamas war: Oil prices rise, global stocks fall as humanitarian crisis worsens in Gaza
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A Palestinian youth looks for salvageable items amid the rubble of the Kuhail building, which was destroyed in an early morning Israeli airstrike on Gaza City on Tuesday. — AFP Oil prices rose and global stocks largely fell on Wednesday,…
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Petroleum sales fall to 44-month low | The Express Tribune
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KARACHI: The demand for petroleum products in Pakistan hit a 44-month low at 1.06 million tons in September 2023, primarily due to a surge in prices in line with global uptrend. Topline Research analyst Myesha Sohail, in a commentary, said…
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TENANTULA: Elon Musk’s X sues Atlas Exploration over unpaid rent to fall deeper into legal web
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Elon Musk, owner of X formerly Twitter. — AFP Elon Musk’s X Corp is facing its own legal claims over unpaid rent and has filed a lawsuit against a financial services provider in order to recover more than $713,500 in allegedly…
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Forex reserves fall by $59m to $7.64b | The Express Tribune
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KARACHI: The State Bank of Pakistan (SBP) reported a 0.76% decrease in its foreign exchange reserves on a week-on-week basis, with the total now standing at $7.64 billion. According to data released by the central bank on Thursday, its foreign…
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Foreign currency reserves fall by $140m to $7.64b | The Express Tribune
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KARACHI: The State Bank of Pakistan (SBP) has reported a 1.8% decline in foreign exchange reserves on a week-on-week basis, with the total now standing at $7.64 billion. According to data released by the central bank on Thursday, its foreign…
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Further rupee fall likely under interim setup | The Express Tribune
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KARACHI: Market speculation suggests that Pakistani currency may face a fresh round of devaluation under the upcoming caretaker government ahead of general elections in late 2023. Outgoing Prime Minister Shehbaz Sharif has already announced the dissolution of National Assembly on…
