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October remittances jump 24% year-on-year to $3.05bn
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A money dealer counts US dollars at currency exchange. — AFP/File Overseas workers’ remittances swelled 23.9% to $3.1 billion in October 2024 from $2.46 billion recorded in the same month last year, data released by the State Bank of Pakistan (SBP)…
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Remittances jump 29% YoY in Sept on exchange rate stability
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An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016.— Reuters Remittances sent home by overseas workers jumped 29% year-on-year (YoY) to $2.849 billion in September from $2.208 billion in the same…
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Solar panel prices jump ahead of budget | The Express Tribune
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KARACHI: Prior to the unveiling of the 2024-2025 budget in Pakistan, there has been a noticeable surge in solar panel prices, attributed to traders adjusting their rates in anticipation of upcoming tax changes. According to reports, the government, aligning with…
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Pakistan’s IT exports jump 62% to $310 million in April
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A representational image of a man using a mobile phone. —Pixabay/File Pakistan’s IT export remittances jumped to a record $310 million in April 2024 from $191 million in the same month last year, sercuring a 62.3% year-on-year (YoY) surge, official…
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Exports to China jump 44.53% in 7 months | The Express Tribune
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ISLAMABAD: Pakistan’s export of goods and services to China witnessed an increase of 44.53% during the first seven months of the current fiscal year (2023-24) as compared to the exports of the corresponding period of last year, the State Bank…
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Bitcoin surpasses $41,000 mark – a record jump since April 2022
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A visual representation of the digital cryptocurrency Bitcoin. — AFP Financial markets saw a crazy ride on Monday. Gold made a dramatic swing after hitting a record high above $2,100 per ounce, while stocks and bonds fell. In contrast, Bitcoin…
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Pakistan’s exports to China jump over 5% in first two months of FY24: SBP
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A representational image of containers. — AFP/File Pakistan’s exports to China witnessed an increase of 5.16% during the first two months of the current fiscal year 2023-24 as compared to the exports of the corresponding period of last year, according…
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Circular debt forecast to jump by Rs545b | The Express Tribune
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ISLAMABAD: The circular debt is projected to increase by another Rs545 billion by March next year despite a surge in electricity prices as foreign loans pegged with the so-called power sector reforms are limited to only increasing prices and ignore…
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Gold, silver jump to new all-time high
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A salesperson displays gold jewellery at a store in this undated file photo. — AFP As the country continues to go through one of its worst economic crises and inflation surged to unprecedented levels, people flocked to buy gold, propelling…
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Essential goods’ prices jump 20% | The Express Tribune
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ISLAMABAD: The average inflation for 51 essential goods, mostly used by low and middle-income groups, jumped above 20% during the latest week over a year ago amid serious contradictions in the official data used to calculate the price growth. The…
