market
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Curbs on black market can push remittances to $50b | The Express Tribune
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[ad_1] LAHORE: Foreign remittance service providers have voiced optimism that Pakistan’s remittances can surpass $50 billion per annum, if authorities restrain the black market, which they believe constitutes nearly 80% of the total market. They point out the black market…
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Rupee sinks to new low at 308 in open market | The Express Tribune
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[ad_1] KARACHI: Pakistani currency on Tuesday sank to a new record low at Rs308 against the US dollar in the open market, down 1%, or Rs3, from the previous day’s close, according to the Exchange Companies Association of Pakistan. Consequently,…
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Local, global solar market trends | The Express Tribune
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[ad_1] ISLAMABAD: There has always been a problem in Pakistan’s energy sector. Earlier, there were load-shedding issues due to generation capacity limitations. Now, there is capacity surplus causing circular debt. There is also higher fuel prices issue and lower transmission…
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Rupee races to 300, trades at new low of 299 per dollar in interbank market
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[ad_1] An undated image of a currency dealer counting Rs500 notes. — AFP The rupee tumbled to a record low as the cash-strapped nation continues to grapple with the political turmoil which threatens to spiral into a fullblown crisis. In…
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OGRA opens up LNG market | The Express Tribune
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[ad_1] ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has set a transportation tariff for liquefied natural gas (LNG) shippers in an attempt to open up the market for private sector. At present, public gas utilities have a monopoly in…
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Apple’s second quarter earnings beat market buzz as iPhone sales boom
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[ad_1] Customers wait in front of an Apple store in Munich. —AFP/File Tech giant Apple on Thursday reported second-fiscal quarter earnings, beating Wall Street buzz, mostly supported by stronger-than-expected iPhone sales. The company reported a profit of $24 billion and…
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Gold prices in Pakistan ease as market awaits clear direction
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[ad_1] An undated image of a gold set displayed at a jewellery store. — AFP/File Gold dropped nearly 1% in Pakistan on Saturday as investors look for a clear direction as the rupee hold ground against the US dollar fading…
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Gold bounces back in line with international market
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[ad_1] An undated image of gold bars. — AFP Gold price in Pakistan regained its shine on Saturday as the rate rose over Rs1,000 in the local bullion market owing to a significant surge in the international market. According to…
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Rupee weakens against dollar in interbank market
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[ad_1] A representational image of a currency exchanger counting dollar notes. — AFP The Pakistani rupee slipped down against the US dollar in the interbank market on Thursday. After depreciating by Rs2.88 against the greenback, the local currency changed hands…
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Rupee gains further ground against dollar in interbank market
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[ad_1] A foreign currency dealer counts US dollars at a shop in Karachi, Pakistan, May 19, 2022. — AFP/ file The Pakistani rupee further strengthened against the US dollar in the interbank market for the second consecutive trading session on…
