trade
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Revised transit trade deal remains elusive | The Express Tribune
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[ad_1] ISLAMABAD: As Pakistan and Afghanistan fail to sign a revised transit trade agreement, the former has granted another extension to continue the reciprocal trade arrangement between the two neighbouring countries. The transit trade agreement expired on February 11, 2021. Though Pakistan has made efforts to ink a revised deal, any agreement between the two…
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Japan’s trade gap widens in April | The Express Tribune
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[ad_1] TOKYO: Japan’s exports extended double-digit gains for a third straight month in April, but surging global commodity costs inflated the country’s import bill to a record, adding to worries about the rising cost of living. Shoring up the prospects of a private demand-led recovery, however, was a gauge of capital expenditure that posted its…
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Rupee surpasses 200 against dollar during intra-day trade | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee surpassed the much-feared Rs200 against the US dollar in intra-day trade in the inter-bank market on Thursday. The rupee lost Rs2.41 to Rs200.80 at around 1:45 pm compared to Wednesday’s close at Rs198.39. According to reports, Prime Minister Shehbaz Sharif expressed surprise over the free-fall in the rupee and convened…
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Pakistan-Turkey trade on the rise | The Express Tribune
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[ad_1] KARACHI: The efficient land-based shipping between Turkey and Pakistan has improved bilateral trade, as it surpassed the $1.1 billion level during 2021. Talking to The Express Tribune, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh underlined that the bilateral trade volume between Pakistan and Turkey “is set to climb…
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Dollar surges past Rs194-mark in interbank during intraday trade
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[ad_1] A represnetative image. KARACHI: The dollar reached a new high in the interbank market Monday against the Pakistani rupee, surging past the Rs194-mark amid concerns over the government’s strategy to deal with the economic crisis. According to market reports, the local unit has lost Rs11.07 since the installation of the new government led by…
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Indonesia insists on taking trade to new peak | The Express Tribune
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[ad_1] PESHAWAR: This is the right time to increase bilateral trade between Pakistan and Indonesia to a new peak, remarked Indonesian Ambassador to Pakistan Adam M Tugio. In a meeting with Sarhad Chamber of Commerce and Industry (SCCI) on Wednesday, the envoy emphasised the need to expand mutual trade with Indonesia – beyond palm oil…
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‘No change in trade policy with India’ | The Express Tribune
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[ad_1] ISLAMABAD: The coalition government on Wednesday clarified that there is no change in Pakistan’s policy on trade with India after the federal cabinet approved the appointment of Trade and Investment Minister in the Pakistani High Commission in New Delhi. The development has triggered speculations that the new government had decided to restore bilateral trade…
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US dollar climbs over 190-mark during intraday trade
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[ad_1] A representational image of Rs1,000 note and Rs5 coins. — AFP/File KARACHI: The Pakistani rupee surpassed all records on Wednesday, selling at above Rs190 against the dollar in the interbank market during intraday trading, to continue down a slide in the wake of the deepening economic crisis in the country. The local currency was…
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PSX update: KSE-100 falls by over 1,300 points during intraday trade
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[ad_1] A trader can be seen at the Pakistan Stock Exchange (PSX) building in Karachi. Photo: PPI/Files KARACHI: Stocks took a hit on Monday as the benchmark KSE-100 Index plunged over 1,300 points to 43,239 during intraday trade. More to follow … [ad_2] Source link
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Trade deficit peaks at $39.3 billion | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s trade deficit crossed $39 billion in first 10 months of the current fiscal year, as the pace of increase in imports was double than the surge in exports, leaving the new government in search of dollars amid its weakening will to take tough policy decisions. The $39.3 billion gap between exports and…
