trade
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The ultimate trade challenge | The Express Tribune
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[ad_1] KARACHI: Pakistan continues to face challenges in its external account as the PKR to USD exchange rate rises beyond the Rs300 threshold, and the foreign exchange reserves held by the central bank decline. Although policymakers managed to reduce the trade deficit to less than $28 billion in FY2023 from $48.4 billion in FY2022, as…
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Tesla’s restyled Model 3 sedan enters show at Beijing trade fair
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[ad_1] Tesla’s Model 3 sedan. — Tesla Tesla launched its redesigned, China-built Model 3 sedan car a day earlier in a number of nations, and it debuted to the general public for the first time at a trade expo in Beijing. At the China International Fair for Trade in Services, the US manufacturer debuted a…
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Oil storage, trade policy sparks controversy | The Express Tribune
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[ad_1] ISLAMABAD: Amidst protests from the oil industry, the government has officially released policy guidelines aimed at encouraging foreign suppliers to invest in the storage and trade of petroleum products, including crude oil. This move involves allowing foreign suppliers and their registered subsidiaries to maintain inventories of crude oil and petroleum products within their own…
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Surplus in trade with Italy surges 97% | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s goods and services trade with Italy recorded a surplus of 97.11% during fiscal year 2022-23 as compared to the previous year. Trade surplus came in at $624.518 million in FY23 against $316.995 million a year ago, showing a growth of 97.11%. Overall exports to Italy stood at $1,151.448 million during July-June FY23…
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Pakistan eyes $5 billion trade with Iran in five years
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[ad_1] Foreign Minister Bilawal Bhutto-Zardari and Iran Foreign Minister Hossein Amir Abdollahian witness the signing of memoranda of understanding between Pakistan and Iran in Islamabad on Thursday. — Twitter/@ForeignOfficePk ISLAMABAD: Pakistan chalked out a five-year trade cooperation plan with Iran on Thursday, setting up a target of $5 billion for bilateral trade. Foreign Minister Bilawal Bhutto-Zardari…
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‘Biggest trade deal’: UK joins trans-Pacific trading bloc
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[ad_1] A Union flag flies from a flagpole opposite the Elizabeth Tower, commonly reffered to as Big Ben, at the Houses of Parliament in central London. — AFP/File What the Britain called their “biggest trade deal” since Brexit, the UK government on Sunday formally signed a pact to join the Comprehensive and Progressive Agreement for…
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Overcoming obstacles for Pakistani SMEs in trade | The Express Tribune
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[ad_1] KARACHI: Small and medium enterprises (SMEs) are often referred to as the engine of growth because they not only produce a significant proportion of goods and services but also provide substantial employment opportunities. SMEs are typically founded by innovative entrepreneurs and can enhance business and trading prospects for their respective industries. According to a…
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Russia says free trade pact with Iran possible | The Express Tribune
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[ad_1] MELBOURNE: A free trade zone agreement between Iran, Russia and several countries that cover the vast Eurasian region spreading from the borders of Eastern Europe to Western China is possible by the end of the year, Russia’s TASS news agency reported on Monday. Russian Deputy Prime Minister Alexei Overchuk told the state TASS agency…
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Managing trade deficit via three-pronged strategy | The Express Tribune
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[ad_1] ISLAMABAD: Post-Covid, the International Monetary Fund (IMF) has become a strong proponent of fiscal austerity and has been asking for new tax measures and reducing expenditures of the state, unlike Pakistan’s Q-block which believes in an expansionary budget and controlled stimulus to boost growth. However, due to the stagnant incomes and supply-side inflation, the…
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Rupee recovers sharply in open-market trade against USD | The Express Tribune
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[ad_1] KARACHI: Pakistani currency made a remarkable recovery of almost 5.5%, or Rs16, in a single day to a one-week high at Rs295 against the US dollar in the open market at around midday on Thursday. The currency had closed at Rs311 against the greenback on Wednesday, according to the Exchange Companies Association of Pakistan…
