Pakistan
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Tax the rich to protect the poor, IMF chief tells Pakistan | The Express Tribune
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[ad_1] International Monetary Fund (IMF) Managing Director Kristalina Georgieva has advised Pakistan to tax the wealthy and protect the poor. Speaking to a Pakistani private media channel after her meeting with Interim Prime Minister Anwaarul Haq Kakar on the sidelines of the United Nations General Assembly (UNGA) on Thursday, Georgieva said “what we are asking…
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Pakistan to face highest inflation | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s economy stands out as an outlier in Asia, according to a new report that predicts the country will have the highest inflation rate but the fourth lowest economic growth rate among all 46 economies in the region. The Asia Development Outlook, the flagship publication of the Asian Development Bank (ADB), has slightly…
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Pakistan among four Asian countries to lose $65bn textile export earnings amid climate crisis
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[ad_1] In this photograph taken on April 13, 2023, women work at a garment factory in Savar, on the outskirts of Dhaka. — AFP Extreme heat and flooding are likely to wipe out $65 billion in garment export earnings from four Asian countries by 2030 as they endanger the employees’ health, as per new research.…
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Gold gains lustre after multi-session decline in Pakistan
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[ad_1] A trader displays gold bangles at a jeweller shop in this undated photo. — AFP Gold prices broke a seven-session losing streak and the precious metal gained some value in Pakistan despite a decline in international prices. The per tola price of 24 karat gold increased by Rs5,600 and was sold at Rs215,000 today…
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Gold continues to lose value in Pakistan as rupee appreciates
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[ad_1] Price of gold in the international market increases by $7 to $1,926 from $1,919. — AFP/File ISLAMABAD: As the rupee gained ground against the US dollar the per tola price of 24 karat gold declined by Rs2,600 and was sold at Rs209,400 on Monday compared to the Rs212,000 close it did last week. The…
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Gold continues downward journey in Pakistan for fifth straight day
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[ad_1] An updated image of gold jewellery displayed at a store. — AFP Prices of gold in the domestic market remained under pressure and continued their free fall for the fifth consecutive day on Friday. According to data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of the yellow metal (24…
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Gold continues its downward spiral in Pakistan
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[ad_1] An undated file image of gold sets displayed at a jewellery store. — AFP/File KARACHI: Domestic gold prices continued a downward streak for the second consecutive day on Tuesday as the local unit depreciated by 0.48% or Rs1.46 against the greenback in the interbank market. According to data released by the All-Pakistan Sarafa Gems…
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Pakistan is in a debt (death) trap | The Express Tribune
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[ad_1] KARACHI: During the last week the Pakistani Rupee achieved a historic first. It broke through the Rs300 barrier against the Dollar. Other firsts were also recorded: The price of petrol broke through the Rs300 per litre barrier. The cost of a unit of electricity rose to a historic high. More increases are forecast for…
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IMF seeks details as Pakistan mulls relief in electricity bills amid protests
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[ad_1] The International Monetary Fund headquarters in Washington, DC, on April 13, 2023. — AFP ISLAMABAD: After the government decided to seek approval from the International Monetary Fund (IMF) about its proposal to provide relief to its furious citizens over a hike in electricity bills, the Washington-based lender has asked Islamabad to submit a written…
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Gold continues gaining streak in Pakistan
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[ad_1] A shopkeeper waits for customers at his gold jewellery store in Hyderabad’s Resham Bazar on November 12, 2020. — APP KARACHI: The price of gold jumped for the third time in Pakistan on Thursday despite the international rates declining following a strong US economy. The price of gold (24 carats) increased by Rs1,200 per…
