Pakistan
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Petrol price in Pakistan likely to go down by over Rs30 per litre
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[ad_1] An employee of a gas station fills the tank of a motorbike in Karachi, on July 16, 2021. — AFP ISLAMABAD: Massive relief is expected in fuel prices today as the government will announce new rates today (Sunday) for the next fortnight while sources said the profit margins of oil marketing companies (OMCs) and…
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Pakistan fails to realise CPEC potential | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has failed to realise even one-fifth of the China-Pakistan Economic Corridor (CPEC) potential and the country’s biggest failure is its inability to increase exports, which is required to finance debt and investment-related obligations, said Privatisation Minister Fawad Hasan Fawad on Thursday. Fawad, who was Pakistan’s focal person on CPEC affairs during the…
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IMF sticks to 2.5% growth forecast for Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Tuesday kept Pakistan’s economic growth forecast unchanged at 2.5% but slashed inflation rate to 23.6% for the current fiscal year, in a move that is largely in line with official projections. The global lender released its flagship report, the World Economic Outlook, at the start of annual…
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Gold rate released in Pakistan after a month’s hiatus
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[ad_1] An undated image of gold jewellery displayed at a store. — AFP/File The rate of gold was released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) on Tuesday after a month’s hiatus and the price of the bullion slipped below Rs200,000 per tola. The price of gold (24 carats) decreased by Rs15,500 per…
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‘Pakistan set to secure second IMF tranche’ | The Express Tribune
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[ad_1] KARACHI: Pakistan is on track to secure the International Monetary Fund’s (IMF) first economic review under its $3 billion loan programme in November, paving the way for the release of the second tranche of $700 million, despite some missed targets and challenges in implementing promised reforms. A recent report from Topline Research titled ‘Pakistan…
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‘Pakistan needs careful economic management to get stability’ | The Express Tribune
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[ad_1] ISLAMABAD: The World Bank (WB) on Tuesday suggested Pakistan to undertake the much-needed fiscal reforms including a reduction in tax exemptions and a broadening of the tax base, terming them “critical” for economic stability and sustainable economic growth. “Careful economic management and deep structural reforms will be required to ensure macroeconomic stability and growth,”…
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Pakistan inflation spikes to 31.4% amid high fuel, enery prices
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[ad_1] A person counts Rs100 notes in this undated image. — AFP/File Inflation rose to 31.4% year-on-year in September from 27.4% in August, data from the Pakistan Bureau of Statistics (PBS) showed Monday, as the nation faces high fuel and power rates. The South Asian nation faces an uphill task when it comes to economic…
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Pakistan gets first-ever Russian LPG shipment
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[ad_1] — X/RusEmbPakistan The Russian embassy in Islamabad said Tuesday that Pakistan received its first liquified petroleum gas (LPG) shipment from Moscow — the country’s second major energy purchase from Russia. The development comes months after the South Asian nation received its first-ever shipment of Russian crude oil. The embassy, in a post on X…
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‘Petrol may go down in Pakistan from Oct 1’
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[ad_1] A closeup of a fuel gun. — AFP/File The petroleum prices in Pakistan are expected to decline as local currency continued to recover against US dollar, interim Information Minister Murtaza Solangi said on Saturday. Speaking to the media at the Karachi Press Club on Saturday, the information minister responded to the news report saying…
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TDAP ‘optimistic’ of UAE resuming import of fresh chilled meat by sea from Pakistan
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[ad_1] Trade Development Authority of Pakistan logo. — Facebook/TDAP The Trade Development Authority of Pakistan (TDAP) is “optimistic” that the United Arab Emirates (UAE) will resume the export of fresh chilled meat from Pakistan and find an amicable resolution on the issue. In a statement issued on Thursday, TDAP said that it is “actively addressing…
