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Rupee can plunge to 350 by end of 2024: report
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[ad_1] A foreign currency counts Pakistani rupee notes at a shop in Karachi, on March 2, 2023. — Online The Pakistani rupee can fall to as low as 350 against the dollar by the end of the next year, according…
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IMF seeks fresh report on state-owned enterprises losses
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[ad_1] A view of the IMF headquarters. — AFP The International Monetary Fund (IMF) has sought from the Finance Ministry a fresh report on losses incurred by state-owned enterprises, sources told Geo News on Monday. According to the sources, the…
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Oil dips on report of US-Venezuela deal | The Express Tribune
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[ad_1] HOUSTON: Oil futures fell on Monday on a report the US and Venezuela could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set, while traders see the Israel-Hamas conflict not affecting crude…
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Report projects up to Rs41 cut in oil prices | The Express Tribune
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[ad_1] KARACHI: The government is expected to make a massive reduction of up to Rs41 per litre in petroleum product prices for the second fortnight of October as a sharp drop in the global oil market and a significant recovery…
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IMF sceptical about PSDP: report | The Express Tribune
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[ad_1] ISLAMABAD: A new report by the International Monetary Fund (IMF) has said Pakistan’s Public Sector Development Programme (PSDP) has become “unaffordable” due to limited fiscal space, as the government again proposes only Rs700 billion for the development budget for…
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IMF to ‘continue engagement’ despite political unrest: report | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) said that it will “continue engagement with the government on the loan despite the ramp-up in political tensions”, Bloomberg reported on Thursday. The remarks by the IMF come days after former prime minister Imran Khan…
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ENI earned $500 million after reneging on Pakistan deal: report
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[ad_1] A logo of the ENI company is displayed outside its office in Milan. — AFP/File As international prices spiked and Pakistan faced an energy crisis, one of its long-term liquified natural gas (LNG) suppliers ENI earned $500 million by…
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Meta planning massive layoffs: report
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[ad_1] A representational image. — AFP/File SAN FRANCISCO: Facebook-parent Meta will become the latest tech firm to scale back its workforce, with plans to lay off thousands of employees this week, US media reported Sunday. The Wall Street Journal, citing…
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Probability of currency crisis exceeds 50%, says Bloomberg report | The Express Tribune
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[ad_1] The odds of Pakistan facing a currency crisis surpassed 50% after devastating floods lashed the country, killing hundreds and displacing millions, a Bloomberg Economics risk model revealed on Tuesday. According to economist Ankur Shukla, the possibility of a currency…
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Finance ministry releases ‘ambiguous’ outlook report | The Express Tribune
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[ad_1] ISLAMABAD: The finance ministry on Friday predicted a halt in the inflation spike in September amid its inability to give forecasts for the country’s macroeconomic indicators while deviating from its previous standards. “September may show a halt to the…
