Tribune
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Pakistan’s exports to China up nearly 17% in Q1 | The Express Tribune
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[ad_1] BEIJING: Pakistan’s exports to China crossed $1.039 billion in the first quarter of 2022, recording a nearly 17% increase from January to March this year, as per the General Administration of Customs of China (GACC). According to data from GACC, in the first three months of this year, China’s exports to Pakistan also increased…
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State Bank revises office timings | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has revised the working days and timings with immediate effect. In a statement issued on Friday, the central bank notified the revised timings ie Monday to Thursday from 9am to 5.30pm, with prayer/ lunch break from 1.30pm to 2.15pm. Whereas, the office hours on Friday would be…
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Rupee sees fresh depreciation | The Express Tribune
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[ad_1] KARACHI: Pakistani currency came under renewed pressure, as it suddenly depreciated 0.5% (around Re1) to a two-week low at Rs186.63 against the US dollar on Friday as no meaningful progress had been made in acquiring fresh bailout packages from the friendly countries. The rupee was seen consolidating around Rs185-186 before Eid holidays on expectations…
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Trade deficit peaks at $39.3 billion | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s trade deficit crossed $39 billion in first 10 months of the current fiscal year, as the pace of increase in imports was double than the surge in exports, leaving the new government in search of dollars amid its weakening will to take tough policy decisions. The $39.3 billion gap between exports and…
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EU tweaks Russia oil sanctions plan | The Express Tribune
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[ad_1] BRUSSELS: The European Commission proposed changes to its planned embargo on Russian oil to give Hungary, Slovakia and the Czech Republic more time to shift their energy supplies, EU sources said, although failed to reach a breakthrough on Friday. The EU executive set out the embargo this week as part of its toughest-yet package…
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Govt asked to develop strategy to avoid loans | The Express Tribune
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[ad_1] ISLAMABAD: The key focus of the government should be on evolving a new strategy to utilise indigenous resources and get rid of IMF loans to run the economy, said Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. In a statement on Friday, he underlined that tough conditions of the International Monetary…
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Traders demand consultation on budget | The Express Tribune
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[ad_1] LAHORE: The business community has expressed optimism that the acting State Bank of Pakistan (SBP) Governor, Murtaza Syed, will initiate a consultation process with the stakeholders on budget preparation. In a statement on Friday, Lahore Chamber of Commerce and Industry (LCCI) President Mian Nauman Kabir underlined that due to time constraints, the acting SBP…
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Taiwan adds Belarus to export control list | The Express Tribune
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[ad_1] TAIPEI: Taiwan’s government imposed controls on exports of technology to Belarus on Friday, saying Minsk was directly involved in Russia’s invasion of Ukraine. The restrictions – which the island also imposed on Russia last month – bar Taiwanese companies from exporting a long list of tech products there without special permission. The move is…
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SBP reserves fall $59m to $10.5b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 0.56% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Friday. On April 30, the foreign currency reserves held by the SBP were recorded at $10,499 million, down $59 million compared with $10,558.2 million on April…
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Foreign exchange: SBP reserves fall $59m to $10.5b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 0.56% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Friday. On April 30, the foreign currency reserves held by the SBP were recorded at $10,499 million, down $59 million compared with $10,558.2 million on April…
