Tribune
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World Bank assures support for reforms | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan is currently facing monetary and fiscal challenges due to rising global commodity prices, said Federal Minister for Finance and Revenue Miftah Ismail. During a meeting with World Bank South Asia Region Vice President Hartwig Schafer on Tuesday,…
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Yarn exports to China reach $168m | The Express Tribune
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[ad_1] BEIJING: Pakistani cotton experts expressed confidence in the development of local cotton-related industry and yarn export to China as well as other parts of the world, which is increasing every year despite the Covid-19 pandemic. According to the General…
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Foreigners pull money out of EM portfolios | The Express Tribune
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[ad_1] NEW YORK: Emerging market debt and equity portfolios saw foreign investor outflows for a second straight month in April, data from the Institute of International Finance showed on Tuesday, building on record outflows from China in the first quarter….
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IMF asks for Rs7.25tr tax collection target | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has demanded that Pakistan fix next fiscal year’s tax collection target at Rs7.25 trillion, which will require imposition of additional taxes of around Rs300 billion, including withdrawal of agriculture tax exemptions and increase…
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No respite for dwindling rupee | The Express Tribune
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[ad_1] KARACHI: Pakistani currency failed to win support against the US dollar and weakened to a new record level, as it plunged 0.6% (or Rs1.13) to an all-time low of Rs188.66 against the greenback in the inter-bank market on Tuesday….
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Germany prepares crisis plan for end to Russian gas | The Express Tribune
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[ad_1] BERLIN: German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by…
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Investors feared to lose interest in economy | The Express Tribune
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[ad_1] ISLAMABAD: Businessmen have called on the government to take urgent measures for fixing the economy as the major economic indicators are not showing encouraging trends due to which investors can lose interest in the economy. They pointed out that…
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Oil dips below $100 on economic worries, strong dollar | The Express Tribune
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[ad_1] HOUSTON: US crude oil prices dipped below $100 on Tuesday to its lowest in two weeks as demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar made crude more expensive for…
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Germany may invest in cyber security | The Express Tribune
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[ad_1] ISLAMABAD: The German Emirati Joint Council for Industry and Commerce has expressed interest in investing in cyber security technology in Pakistan. Embassy of Germany in Pakistan First Secretary Christian Boettcher and Pakistan’s representative at German Emirati Joint Council for…
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Market watch: Stocks gain ground in range-bound session | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange managed to make some recovery on Tuesday in a range-bound session, as investors opted to assume fresh positions at attractive valuations following a “bloodbath” on the previous trading day. The benchmark KSE-100 index, after…
