Pakistan
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Path Pakistan is on might take towards default: Miftah Ismail
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[ad_1] Former finance minister Miftah Ismail speaks during Geo News’ programme “Aaj Shahzeb Khanzada Kay Saath” on December 13, 2022. — YouTube Screengrab via Geo News Former finance minister Miftah Ismail Tuesday claimed that chances of Pakistan heading towards default have increased, urging the incumbent government to take steps to avert the looming threat. Speaking during…
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MG Motors kick-starts pre-booking for its first CKD model in Pakistan
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[ad_1] MG Motors’ HS Essence. — tyrepoint MG Motors Pakistan has initiated pre-bookings for its 1.5L Turbo Engine MG HS Essence after acquiring the manufacturing licence. MG Motors General Manager Syed Asif Ahmed confirmed the development and told Geo.tv that the vehicles will be delivered in January 2023. Previously, the company relied on the import…
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Gold races back to fresh high of Rs170,800 per tola in Pakistan
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[ad_1] A customer holds gold jewellery at a jewellery showroom on May 3, 2022. — AFP/File In line with a massive surge in the international market, the gold price jumped by Rs2,000 per tola in Pakistan, surpassing a major threshold of Rs170,000 per tola for the first time in the country. Earlier, the All Pakistan…
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Pakistan to host CARs trade summit: PM | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister (PM) Shehbaz Sharif on Monday said that Pakistan would soon host a summit for the leaders of the Central Asian Republics (CARs) to focus on connectivity through road and rail links to boost regional trade and investment. In a meeting with a nine-member parliamentary delegation from Kazakhstan, led by the Chairman…
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ADB approves flood assistance package for Pakistan
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[ad_1] Internally displaced people wade through floodwaters after heavy monsoon rains in Jaffarabad district in Balochistan province on September 8, 2022. — AFP ISLAMABAD: A $554 million financing package, including new and reallocated funds, has been approved to support recovery and reconstruction efforts in Pakistan following this year’s devastating floods, and to strengthen the country’s…
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ADB approves $554m flood assistance package for Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The Asian Development Bank (ADB) on Monday approved a $554 million financing package, including new and reallocated funds, to support recovery and reconstruction efforts in Pakistan following this year’s devastating floods, and to strengthen the country’s disaster and climate resilience. The financing includes a $475 million loan and $3 million technical assistance grant…
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Pakistan to get $32b loans this year | The Express Tribune
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[ad_1] ISLAMABAD: Renowned economic and political experts said on Friday that there was no immediate chance of imposing economic emergency in the country as the government still hopes that it would get $32 billion loans this year. Anchorpersons, Shahbaz Rana and Kamran Yousaf, while discussing current economic and political issues, noted that Pakistan’s official foreign…
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Gold scales fresh peak of Rs167,300 per tola in Pakistan
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[ad_1] A representational image of gold jewellery displayed in a shop. — AFP/File The gold price soared to a record high at Rs167,300 per tola (11.66 grams) in Pakistan on Saturday. The surge was in line with the fluctuations in rupee-dollar parity that pushed the prices of precious metals up significantly. According to data released…
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SBP governor assures Pakistan will pay debts ‘on time’ | The Express Tribune
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[ad_1] Governor State Bank of Pakistan (SBP) Jameel Ahmad has provided assurances that Pakistan will pay all its debts “on time” and that foreign exchange reserves are expected to increase during the second half of the financial year. In the latest episode of the SBP podcast series, governor SBP clarified that during the next seven…
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Pakistan seeks emergency $3b Saudi cash injection | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Wednesday requested Saudi Arabia to urgently provide $3 billion in cash after its foreign exchange reserves fell to a critically low level, as the new army chief was also expected to play a role in bagging the bailout during his upcoming maiden visit to the Kingdom. Finance Minister Ishaq Dar made…
