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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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[ad_1] 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 unpaid rent and other expenses related to a rental agreement for San Francisco office…
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Forex reserves fall by $59m to $7.64b | The Express Tribune
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[ad_1] 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 currency reserves fell by $59 million to reach $7,636.7 million in the week ending…
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Foreign currency reserves fall by $140m to $7.64b | The Express Tribune
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[ad_1] 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 currency reserves decreased by $140 million and reached $7,638.9 million in the week ended…
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Further rupee fall likely under interim setup | The Express Tribune
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[ad_1] 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 August 9. When Exchange Companies Association of Pakistan (ECAP) General Secretary Zafar Paracha was…
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Gold price in Pakistan takes a hit as international rates fall
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[ad_1] The picture shows a person weighing a gold necklace. — AFP/File KARACHI: The rates of gold in Pakistan slipped on Thursday amid a decline in the international prices of the yellow metal while the local currency also appreciated against the dollar. The price of gold (24 carats) lost Rs2,800 per tola and Rs2,401 per…
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Gold prices fall by over Rs2,000 per tola as week starts
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[ad_1] A representational image of gold jewellery. — AFP/File KARACHI: The rates of gold in the local market fell by over Rs2,000 per tola in line with the developments in the international market on Monday. The price of gold (24 carats) lost Rs2,500 per tola and Rs2,143 per 10 grams to settle at Rs222,200 and…
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World food prices fall to lowest in 2 years | The Express Tribune
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[ad_1] ROME: The United Nations food agency’s world price index fell in June to its lowest level in more than two years, pushed down by a drop in the cost of sugar, vegetable oils, cereals and dairy products. The Food and Agriculture Organisation’s (FAO) price index, which tracks the most globally traded food commodities, averaged…
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Gold price in Pakistan increases despite fall in international rates
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[ad_1] An undated image of a gold set displayed at a jewellery store. — AFP/File The per tola price of gold in Pakistan jumped to Rs216,000 on Wednesday despite fall in the international rates. The price of gold (24 carats) rose by Rs1,800 per tola and Rs1,543 per 10 grams to settle at Rs216,000 and…
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Stocks fall below 41,000 amid dull trading | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Friday witnessed a lacklustre trading session as investors refrained from taking fresh positions and the KSE-100 index closed below the 41,000-point mark with marginal losses. Investors kept a low profile and remained under pressure owing to multiple developments. Jittery players mainly stayed on sidelines in the first half…
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Forex reserves fall by $119m to $4.19b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell by 2.7% on a week-on-week basis to $4.19 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday. On May 19, 2023, the SBP’s foreign currency reserves stood at $4,193 million, down by $119 million as compared to $4,311.9…
