Tribune
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Delay in early elections will aggravate economic crisis: Hammad | The Express Tribune
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[ad_1] Former energy minister Hammad Azhar has said that political instability triggered by the vote of no-confidence that toppled the PTI-led government earlier this year was responsible for the prevailing economic crisis. “Leader [Shehbaz Sharif] of minority party became prime minister of the country…comedy show is going on… if this was a private company they…
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‘Very confident’ about IMF deal, says Miftah | The Express Tribune
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[ad_1] Addressing the pre-budget seminar on Tuesday, Finance Minister Miftah Ismail said on Tuesday that he was “very confident” about the deal with the International Monetary Fund (IMF). A day earlier, the minister said that the government did not have any plans to impose a financial emergency in the country or freezing the foreign…
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Miftah predicts 5%-6% GDP growth in next fiscal | The Express Tribune
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[ad_1] Finance Minister Miftah Ismail predicted on Tuesday that country’s GDP will grow by 5%-6% and the government would control the high rate of inflation. The minister’s remarks came as he addressed the pre-budget seminar, in which he also revealed that the government has prepared a progressive fiscal budget, with the deficit reduced to below 5%. The minister…
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Miftah predicts 5%-6% GDP growth in next fiscal year | The Express Tribune
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[ad_1] Finance Minister Miftah Ismail predicted on Tuesday that country’s GDP will grow by 5%-6% and the government would control the high rate of inflation. The minister’s remarks came as he addressed the pre-budget seminar, in which he also revealed that the government has prepared a progressive fiscal budget, with the deficit reduced to below…
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Rupee plummets to all time low of 204 against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee on Tuesday made a historical drop of Rs4.00 in a single day and surpassed Rs204 against the US dollar for the first time ever in the inter-bank market. It was available for sale at Rs204 at around 1:40pm in the market on Tuesday, after closing at Rs200.06 against the greenback…
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Rupee plummets to all time low of 203 against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee on Tuesday made a historical drop of Rs3.06 (1.50%) in a single day and surpassed Rs203 against the US dollar for the first time ever in the inter-bank market. It was available for sale at Rs203.12 at around 11:20 am in the market on Tuesday, after closing at Rs200.06 against…
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Govt asked to consult traders on market hours | The Express Tribune
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[ad_1] ISLAMABAD: Special Assistant to the Punjab Chief Minister Malik Abrar Ahmed has said that the business community is playing a vital role in the development of the economy and the government will take all possible measures to resolve the key issues. He assured businessmen that their suggestions for the betterment of the economy would…
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Exporters seek restoration of RLNG supplies | The Express Tribune
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[ad_1] KARACHI: The export sector has demanded that the government should restore gas supplies to the power plants to avert any crisis in export-oriented industries and further worsening of trade deficit. “Immediate restoration of full supplies of re-gasified liquefied natural gas (RLNG) to power plants is essential to avert any calamity in export-oriented industries,” said…
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50MW IPP plant proposed for Gwadar Port | The Express Tribune
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[ad_1] GWADAR: After the fresh hike in petrol prices, a proposal to install a 50-megawatt independent power plant, in collaboration with Chinese power producers in Gwadar, is going to be floated in a crucial meeting, which is likely to be held this week in Islamabad between the government and Chinese companies. Electricity shortage in Gwadar…
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Rupee dives as rumours spark fears | The Express Tribune
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[ad_1] KARACHI: Pakistani currency dived 1.07% (or Rs2.14) to a two-week low at Rs200.06 against the US dollar in the inter-bank market on Monday due partly to strong rumours that the government was considering freezing foreign currency accounts. The rupee closed at Rs197.92 on Friday, according to the central bank. “Rumours of freezing foreign currency…
