Tribune
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Govt increases profit rate on savings certificates | The Express Tribune
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[ad_1] KARACHI: The government has revised the rate of profit on national saving schemes by upto 4.13% to make the schemes lucrative and mobilise investment from the general public, a local research house reported. The Central Directorate of National Savings…
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Govt renews E&P licence to boost output | The Express Tribune
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[ad_1] ISLAMABAD: The government has renewed the exploration licence of a Polish energy firm for the second time in a bid to boost oil and gas production in the country. It has also approved exemption from the condition of relinquishing…
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Weekly inflation up by 0.92% | The Express Tribune
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[ad_1] ISLAMABAD: After a temporary respite, the prices of essential items started increasing again in the week that ended on April 6 — with the inflation rate recording an increase of 44.49% on a yearly basis, the Pakistan Bureau of…
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Dar pulls out of WB-IMF spring meetings | The Express Tribune
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[ad_1] ISLAMABAD: In a major development, Finance Minister Ishaq Dar has cancelled his visit to the United States where he was scheduled to meet the International Monetary Fund management for the removal of bottlenecks in the way of the staff-level…
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Banks gave $3b concessionary loans during PTI rule | The Express Tribune
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[ad_1] ISLAMABAD: An official of the central bank on Thursday revealed to a parliamentary committee that commercial banks issued around $3billion worth of loans to over 600 businessmen at zero markup rate during the rule of the Pakistan Tehreek-e-Insaf (PTI)….
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Skyrocketing inflation leaves millions of Pakistanis struggling | The Express Tribune
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[ad_1] KARACHI: As Pakistan grapples with one of the worst economic crises, millions of the countrymen struggle to celebrate the holy month of Ramazan amid skyrocketing inflation. Decades-high inflation and a massive devaluation of the local currency have drastically reduced…
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No solution to $27b Iraq energy deal yet | The Express Tribune
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[ad_1] LONDON: The stalled agreement between Iraq and TotalEnergies over a $27 billion energy project has yet to find a resolution, the French oil major’s Chief Executive Patrick Pouyanne said at the firm’s climate update on Tuesday. TotalEnergies agreed in…
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Pakistan to start importing Russian oil this month: Malik | The Express Tribune
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[ad_1] KARACHI: Minister of State for Petroleum Dr Musadik Malik has said that talks between Islamabad and Moscow are underway for the import of oil, adding that Pakistan will begin importing Russian crude oil at discounted rate from this month. He…
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PSO’s receivables surge to all-time high of Rs742.3b | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan State Oil (PSO) is facing a financial crisis amidst the ongoing freefall of the Pakistani rupee against the US dollar. The company has booked claims of Rs6.7 billion against gas Utility-Sui Northern Gas Pipeline Limited (SNGPL) for…
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Loans required urgently to avert public debt crisis: WB | The Express Tribune
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[ad_1] ISLAMABAD: The World Bank, on Tuesday, said that various economic shocks pushed nearly four million Pakistanis into poverty this fiscal year. The lender also urged Islamabad to immediately arrange fresh foreign loans to avert a “public debt crisis”. The…
