Tribune
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Pakistan’s exports to China up nearly 6% | The Express Tribune
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[ad_1] BEIJING: Pakistan’s exports to China crossed $1.605 billion in the first five months of 2022, up 5.42% year on year, showed the official data from the General Administration of Customs of the People’s Republic of China (GACC). Pakistan Embassy Commercial Counsellor in Beijing Badaruz Zaman said that despite Covid-19, bilateral trade has increased significantly.…
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Miftah assures realty sector of relief | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail on Tuesday assured the real estate sector stakeholders that their proposal about capital gains tax would be considered by the government. The minister gave the assurance during a meeting with a delegation of DHA Estate Agents Association, headed by its Chief Patron Mian Irfan, according…
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Riyadh looks for trade avenues | The Express Tribune
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[ad_1] LAHORE: Saudi businessmen are willing to find trade and investment opportunities in Pakistan as they enjoy huge support from both governments and need to work together, said Fahad bin Mohammed Al-Bash, Chairman Saudi-Pak Business Council. A high-level delegation of Saudi businessmen and investors, led by Al-Bash, visited the Lahore Chamber of Commerce and Industry…
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Rupee continues free fall as USD hits Rs212 | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee plunged by another Rs2.55 on Tuesday to a record low of Rs212.51 against the US dollar in the inter-bank market at around 11 am on Tuesday. The rupee has crossed the threshold of 212 for the first time despite Finance Minister Miftah Ismail’s assurance on Monday that the International Monetary…
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Circular debt continues to plague energy chain | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan State Oil (PSO) is facing a liquidity crunch as its receivables swelled to Rs583 billion following default by gas and power companies. Now, its receivables from gas companies have soared to record highs, causing financial trouble to the oil marketing company. As crude oil prices are surging continuously, the profits of energy…
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PM seeks Saudi investment in Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Monday invited Saudi businessmen to make investment in various economic sectors of Pakistan as the government would facilitate investors in every possible way and remove hurdles as well as red tape. Speaking to a delegation of Saudi businessmen and investors at a reception, he assured that the investment…
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Stress laid on digital technologies | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Furniture Council CEO Mian Kashif Ashfaq on Monday stressed the need for using the latest digital technologies for market-driven modern designs to attract local and foreign investors. Talking to a delegation of furniture exporters, he said modern technology was reshaping the fashion industry which encompassed many different small and niche industries. He…
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FBR, SBP rules hinder IT export growth | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Information Technology and Telecommunication Syed Aminul Haque has said that the Federal Board of Revenue’s (FBR) policies and some rules of the State Bank of Pakistan (SBP) are hindering the growth of IT exports and increase in export remittances from freelancers. It has sparked fears that the local talent may…
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Rupee plunges to 209.96 vs dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency remained highly volatile, as it plunged to a record low at Rs209.96 against the US dollar in the inter-bank market on Monday on conflicting reports that commercial banks were running short of foreign currency to pay for imports. The rupee dropped 0.58% (or Rs1.21) to Rs209.96 compared to Friday’s close at…
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South Asian states asked to reshape policies | The Express Tribune
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[ad_1] LAHORE: Saarc Chamber of Commerce and Industry President Iftikhar Ali Malik has urged the South Asian countries to carefully reshape their monetary and fiscal policies to counter external shocks and protect the vulnerable, while laying the foundation of green, resilient and inclusive growth in the wake of Russia-Ukraine conflict. Talking to a delegation of…
