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PSX takes a breather after touching record | The Express Tribune
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KARACHI: Pakistan Stock Exchange (PSX), after shooting up to record highs, experienced some correction during the outgoing week as investors resorted to profit-booking, primarily due to the State Bank of Pakistan (SBP)’s decision to leave its policy rate on hold…
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HSBC takes $1b hit from Argentina sale | The Express Tribune
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LONDON: HSBC is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said on Tuesday, as it continues to shrink its once globe-spanning empire to focus on Asia. HSBC is selling the business,…
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PM takes charge of FBR overhaul | The Express Tribune
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Prime Minister Shehbaz Sharif has decided to lead the reform process in the Federal Board of Revenue (FBR) himself amid the startling revelation that over 80% of bank accounts in Pakistan are not declared to the tax authorities. The prime…
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Balochistan’s first-ever woman SSP takes charge
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SSP Faryal Fareed. — X/@FareedFaryal Female police officer Faryal Fareed, who was appointed as Balochistan’s first-ever lady senior superintendent of police (SSP) last week, took charge of the post on Monday in the Jaffarabad police office. It is for the…
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Call of Duty: Microsoft takes new shot at Activision Blizzard deal
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A person plays ‘Call of Duty’ on a mobile phone at the Gamescom video game fair in Cologne, Germany. — AFP/File After the rejection of a previous version of the transaction, tech giant Microsoft has submitted a new plan to…
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Gold rates gain over Rs3,000 per tola as rupee takes a hit
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The picture shows gold necklaces. — AFP/File KARACHI: Gold rates saw a major increase in Pakistan on Monday as the rupee took a hit against the dollar while the international prices also saw a minor gain. The price of gold…
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Ateeq-ur-Rehman takes charge as GroupM Pakistan’s CEO
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GroupM Pakistan CEO Ateeq-ur-Rehman. — Press release GroupM Pakistan on Saturday announced the appointment of Ateeq-ur-Rehman as the company’s chief executive officer (CEO). In a statement issued by Group M — which is a leading media investment management company in Pakistan and…
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Gold price in Pakistan takes a hit as international rates fall
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The picture shows a person weighing a gold necklace. — AFP/File KARACHI: The rates of gold in Pakistan slipped on Thursday amid a decline in the international prices of the yellow metal while the local currency also appreciated against the…
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Government takes decisive action against illegal loan apps | The Express Tribune
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KARACHI: In a bold move to tackle the proliferation of illegal loan applications and safeguard consumers from fraudulent practices, the Federal Minister for Information Technology (MoIT) has launched a comprehensive crackdown, instructing the Pakistan Telecommunication Authority (PTA) and the Securities…
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Realisation of $300m loan takes forex reserves past $4bn mark
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A currency exchange dealer counts $100 bills. — AFP/File The forex reserves held by the State Bank of Pakistan (SBP) got a boost after the realisation of a $300 million commercial loan that pushed the money held by central bank…
