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Market watch: PSX hits new high, crosses 55k | The Express Tribune
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[ad_1] Pakistan Stock Exchange (PSX) on Friday skyrocketed to a new record high as it crossed the 55,000 milestone in the backdrop of technical review talks with the IMF and due to a reduction in bond yields and an increase…
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Stocks in global markets nosedive as Treasury yield hits 16-year high
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[ad_1] A currency dealer wearing a face mask monitors exchange rates in a trading room at KEB Hana Bank in Seoul. — AFP/File NEW YORK: Global stocks tumbled Tuesday after a closely watched US bond benchmark hit a 16-year high,…
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Bank of England holds rate after 14 straight hikes as inflation hits brakes
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[ad_1] A pedestrian walks past the Bank of England in London. —AFP/File The Bank of England (BoE) Thursday kept its primary policy interest rate unchanged, ending a streak of 14 consecutive rate hikes, a decision that follows an unexpected slowdown…
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Rupee hits historic low as import pressure mounts | The Express Tribune
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[ad_1] KARACHI: Pakistani currency hit a new historic low at Rs299 against the US dollar in the inter-bank market on Tuesday, making imports further expensive and requiring more resources to repay foreign debt. According to State Bank of Pakistan’s (SBP)…
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PSX hits six-year high, crosses 49,000 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan stock market maintained a powerful rally on Thursday and crossed the threshold of 49,000 points after a gap of six years. Meanwhile, the Pakistani rupee also made a smart recovery of Rs1.55 to Rs287.83 against the US…
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US investment hits decade high | The Express Tribune
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[ad_1] LAHORE: US President’s Adviser Shahid Ahmed Khan has said that the US has been a leading investor in Pakistan for the past 20 years and in the most recent fiscal year, its direct investment increased 50%, reaching the highest…
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World food price index hits two-year low in June
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[ad_1] A vendor is displaying vegetable attractions for customers for selling purposes at his workplace in Islamabad. — Online/AFP For the first time in more than two years, the world food price index fell in June to its lowest level,…
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State finance minister hits out at IMF for ‘meddling’ | The Express Tribune
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[ad_1] ISLAMABAD: Minister of State for Finance Dr Aisha Ghaus Pasha termed a statement spelling out conditions to unlock the stalled bailout package by the International Monetary Fund (IMF) as “meddling in internal affairs”. Earlier this week, the IMF had…
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Rupee hits new 1-week low as downtick continues | The Express Tribune
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[ad_1] KARACHI: Taking cue from the open market, Pakistani rupee maintained its downtick in the inter-bank market for the second consecutive day on Thursday, dropping 0.08%, or Rs0.22, to a new one-week low at Rs285.62 against the US dollar. The…
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With high demand, gold hits new peak | The Express Tribune
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[ad_1] KARACHI: Gold hit a new all-time high at Rs219,500 per tola (11.66 grams) on Saturday owing to speculation that demand for the safe-haven asset had remained high. All Pakistan Saraf Gems and Jewellers Association (APSGJA) reported that the bullion…
