Pakistan
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High-level Saudi delegation arrives in Pakistan
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Petroleum Minister Musadik Malik receives Saudi delegation upon arrival in Islamabad on October 9, 2024. — Screengrab via Geo News A high-level delegation from Saudi Arabia arrived in Islamabad on Wednesday as agreements worth $2 billion are likely to be signed between…
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In a first, Pakistan, Russia ink barter trade deal
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A group photo of Pakistani and Russian delegation participating in the inaugural Pakistan-Russia Trade and Investment Forum in Mosco on October 1, 2024. — X/ @PakinRussia For the first time in history, Pakistan and Russia on Tuesday signed a barter…
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Pakistan inflation expected to ease to 8-9% by October: Finance Division
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People are buying groceries from makeshift stalls at the weekly “Sunday Market” in Lahore on April 2, 2023. — Online Pakistan’s headline inflation is likely to lose more steam over the next two months, coming down to around 8-9%, the…
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Aurangzeb warns non-filers of ‘restrictions’ as Pakistan clinches $7bn IMF deal
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Minister for Finance and Revenue Muhammad Aurangzeb speaks with Voice of America during an interview in New York, US. — Screengrab via VOA ISLAMABAD: Finance Minister Muhammad Aurangzeb has warned non-filers of strict restrictions which will “further limit their ability…
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IMF board approves $7bn loan programme for Pakistan
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This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP WASHINGTON: The International Monetary Fund’s (IMF) Executive Board has greenlighted a 37-month $7 billion Extended Fund Facility (EFF)…
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ADB president vows to provide $2bn to Pakistan annually
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A worker walks past inside the Asian Development Bank (ADB) headquarters in Manila June 17, 2009. — Reuters ISLAMABAD: As Pakistan continues to battle with climate change, the Asian Development Bank (ADB) said it would provide $2 billion annually to the country…
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IMF board to review Pakistan loan programme on Sept 25
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This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP The International Monetary Fund (IMF) has finally included Pakistan on its Executive Board agenda scheduled for September 25,…
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State Bank of Pakistan slashes policy rate by 200 BPS amid falling inflation | The Express Tribune
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The State Bank of Pakistan (SBP) reduced its policy rate by 200 basis points to 17.5% on Thursday, as headline and core inflation saw a sharper-than-expected decline over the last two months. The rate cut will be effective from September…
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Visa targets ten-fold increase in digital payment acceptance across Pakistan | The Express Tribune
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KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa…
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Gold prices soar to record Rs264,000 per tola in Pakistan | The Express Tribune
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Listen to article Gold prices in Pakistan continued to rise on Wednesday, marking back-to-back gains in line with increasing international rates. The price of gold per tola (11.66 grams) surged by Rs2,300, reaching a record-breaking Rs264,000, according to the All-Pakistan Gems and…
