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NPMC worried over high flour prices in Quetta | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has advised the Ministry of Industries and Production to expedite the process of building strategic reserves of sugar to keep prices stable. He asked the ministry to draw up a pattern of demand and supply of different varieties and brands of edible oil and take…
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Oil slips from seven-year high ahead of more US-Iran talks | The Express Tribune
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[ad_1] LONDON: Oil slipped to around $91 a barrel on Tuesday ahead of the resumption of indirect talks between the United States and Iran, which could revive an international nuclear agreement and allow more oil exports from the OPEC producer. A deal could return more than 1 million barrels per day (bpd) of Iranian oil,…
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Bitcoin mimics stocks rally, hits two-week high | The Express Tribune
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[ad_1] WASHINGTON: Bitcoin hit its highest in two weeks on Saturday, extending the previous session’s strong gains as cryptocurrencies basked in a recovery in risk appetite and a rally in stock markets. The world’s largest cryptocurrency hit $41,983, taking gains from Thursday’s lows to nearly 16%, and marking a 27% rise from the year’s low…
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Rupee rises to 2.5-month high | The Express Tribune
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[ad_1] KARACHI: The rupee’s uptrend continued for the sixth successive day on Friday as the currency closed at a two-and-a-half-month high of Rs174.48 against the US dollar in the inter-bank market after exporters began selling the greenback. Exporters returned to selling counters as the market expected increased inflow of foreign currencies from multiple sources following…
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Rupee recovers to two-month high | The Express Tribune
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[ad_1] KARACHI: Pakistani currency hit a two-month high of Rs175.52 against the US dollar in the inter-bank market on Thursday after the International Monetary Fund (IMF) resumed its $6 billion loan programme and approved the release of next tranche of $1 billion. The rupee recovered 0.51% (or Rs0.89) to Rs175.52 compared to Wednesday’s close of…
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Turkey’s inflation surges to two-decade high of 48.7% | The Express Tribune
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[ad_1] ISTANBUL: Turkey’s annual inflation soared to a 20-year high of 48.69% in January, data showed on Thursday, fuelled by the push for unorthodox interest rate cuts and a resulting crash in the currency late last year. Consumer prices jumped 11.1% from the previous month, the Turkish Statistical Institute (TUIK) said, eating deeply into Turks’…
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Eurozone inflation rises to new record high
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[ad_1] European Central Bank. — AFP/File BRUSSELS: Inflation in the eurozone soared to a new record high in January, official data showed Wednesday, adding pressure on the European Central Bank (ECB) ahead of a monetary policy meeting this week. The figure hit 5.1% last month, a first since the official Eurostat agency started to compile the…
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Inflation skyrockets to two-year high level | The Express Tribune
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[ad_1] ISLAMABAD: The inflation rate steeply rose to 13% in January – the highest level in two years – due to a surge in prices of food, housing and transport, as the country also starts to embrace the worst impact of the inflationary mini-budget. The Pakistan Bureau of Statistics (PBS) on Tuesday reported that the…
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Inflation skyrockets to two-year high | The Express Tribune
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[ad_1] ISLAMABAD: The inflation rate steeply rose to 13% in January – the highest level in two years – due to a surge in prices of food, housing and transport, as the country also starts to embrace the worst impact of the inflationary mini-budget. The Pakistan Bureau of Statistics (PBS) on Tuesday reported that the…
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Inflation soars to two-year high in Pakistan: PBS
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[ad_1] Photo: file ISLAMABAD: The inflation rate continued its upward trajectory for the fifth consecutive month and reached another peak of 12.96% in January, making it the highest in nearly two years, data from the Pakistan Bureau of Statistics (PBS) showed Tuesday. Pakistan had reported 14.6% inflation rate in January 2020. The Consumer Price Index…
