Tribune
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Dar favours currency market intervention | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar said on Wednesday that some changes would be made in the central bank law at “an appropriate time”, advocating intervention in the currency market that signalled a needed shift in the International Monetary Fund (IMF)-backed policies. In his first media talk after taking oath as the finance minister, Dar…
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Training for drivers of LPG bowsers | The Express Tribune
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[ad_1] ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has arranged a certification course called “Heavy vehicle preventive driving course” for drivers of LPG bowsers for the safe transportation of highly inflammable LPG. The course is in collaboration with the National Logistic Cell (NLC) at the Applied Technologies Institute, NLC Headquarter Corporate Office in Rawalpindi.…
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Ishaq Dar vows to tame inflation and cut interest rates | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s new finance minister Ishaq Dar said on Wednesday he will work to rein in inflation while cutting interest rates, saying the rupee was undervalued and promising a strong response to the South Asian nation’s worst economic crisis. In his fourth time in the job, the chartered accountant is facing a balance of…
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Ishaq Dar sworn in as new finance minister | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) senior leader Ishaq Dar on Wednesday was sworn in as the new finance minister following his return to the country. The oath was administered by President Dr Arif Alvi at the Aiwan-i-Sadr. Prime Minister Shehbaz Sharif and Interior Minister Rana Sanaullah, among others, were present at the oath-taking ceremony.…
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Price of petrol likely to drop by Rs9 | The Express Tribune
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[ad_1] ISLAMABAD: The prices of petroleum products are likely to come down up to Rs15 from October 1 due to a sharp decline in rates of POL in international markets, sources said on Tuesday. Industry sources said the Oil and Gas Regulatory Authority (Ogra) has started working in proportion to the prices of petroleum products…
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FBR enables Refund Adjustment Tab | The Express Tribune
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[ad_1] KARACHI: The Federal Board of Revenue (FBR), on Tuesday, enabled the ‘Refund Adjustment’ tab in the return forms to ensure the smooth filing of tax-returns, improve the ease of doing business and decreasing the cost of compliance for taxpayers. The move came after the FBR received a number of representations from various tax bars,…
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World edging into ‘global recession’ | The Express Tribune
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[ad_1] GENEVA: The world is heading towards a global recession due to multiple colliding crises, said the World Trade Organisation’s (WTO) Chief Ngozi Okonjo-Iweala. Russia’s war in Ukraine, the climate crisis, food price and energy shocks plus the aftermath of the Covid-19 pandemic were creating the conditions for a world recession, she said. “Now we…
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Oil prices slide, hit 9-month lows | The Express Tribune
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[ad_1] NEW YORK: Oil prices hit nine-month lows on Monday in choppy trade, pressured by a strengthening dollar as market participants awaited details on new sanctions on Russia. Brent crude futures for November settlement fell by $1.09, or 1.3%, to $85.06 a barrel by 1558 GMT. The session low was $84.51, the lowest since January…
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Chip stocks hammered | The Express Tribune
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[ad_1] SINGAPORE: A handful of chipmakers including Micron and AMD have signalled waning demand as red-hot inflation squeezes spending, even as it eases a two-year global semiconductor shortage that has hit production of everything from cars to smartphones. Chip stocks across the world tumbled on Friday after memory chip maker Micron Technology Inc forecast on…
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Oil jumps nearly 3% | The Express Tribune
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[ad_1] NEW YORK: Oil prices rose nearly 3% on Friday as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand. Brent crude futures were up $2.71, or 2.5%, at $111.74 a barrel by 1726 GMT, while West Texas Intermediate crude (WTI) gained $2.81, or 2.7%, to…
