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US inflation holds steady: CPI rises 0.2% in August 2024 | The Express Tribune
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The US Bureau of Labor Statistics has reported that the Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.2% in August 2024, matching the increase seen in July. Over the past 12 months, the index grew by 2.5% before…
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Gold rises to record high, rupee falls | The Express Tribune
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KARACHI: Gold price hit an all-time high at Rs257,700 per tola (11.66 grams) in line with the global trend on Tuesday while the Pakistani rupee slightly weakened to Rs278.70 against the US dollar in the inter-bank market. According to the…
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Confidence in country’s economic direction rises from 12% to 18% | The Express Tribune
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Pakistanis who believe the country is heading in the right direction increased from 12% to 18%, according to a latest Consumer Confidence Index Survey report by market researchers Ipsos. The survey, conducted through CATI interviews with over 1,000 participants from…
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Sesamum seeds export to China rises 68% | The Express Tribune
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BEIJING: Pakistan’s sesamum seeds export to China crossed $10.10 million in the first two months of 2024, showing a growth of 68.11% year-on-year. Pakistan Embassy Investment and Trade Counsellor in Beijing Ghulam Qadir said that according to the General Administration…
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Rupee rises to 4-1/2-month high vs dollar | The Express Tribune
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KARACHI: Pakistani currency on Friday hit a four-and-a-half-month high at Rs279.04 against the US dollar in the inter-bank market where it extended its uptrend for the second consecutive day. The latest, meaningful increase in the rupee value came in the…
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SPI rises to 7-week high amid gas price surge | The Express Tribune
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KARACHI: Pakistan’s inflation rose to a seven-week high at 1.27% in the week ending February 29, primarily due to the recent significant increase in gas prices by the government, which greatly influenced the short term inflation figures. The weekly SPI…
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Rupee rises amid political stability | The Express Tribune
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PHOTO: REUTERS/FILE KARACHI: The Pakistani currency resumed its uptrend after a day of nominal losses, partially regaining to Rs279.50 against the US dollar in the interbank market on Wednesday amid the beginning of the end of the political crisis over…
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Oil rises 1%, heads for weekly gain | The Express Tribune
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Oil prices rose on Friday and were on track for gains of almost 7% week-on-week, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent crude futures rose 79 cents, or 0.97%, on the…
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Global investors’ confidence in Pakistan rises | The Express Tribune
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KARACHI: Pakistan has won back confidence of global investors as the country risk premium fell significantly from the peak of over 14% in June while its dollar-denominated Eurobond prices rose notably. Topline Securities CEO Mohammed Sohail said on social media…
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US unemployment rate rises to 3.9% as job growth declines in October
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Women walk past a “Now Hiring” sign outside a store on August 16, 2021 in Arlington, Virginia. — AFP Based on government data released on Friday, job growth in the United States slowed down in October, partly due to a…
