Tribune
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Current account gap grows to $1b | The Express Tribune
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[ad_1] KARACHI: Pakistan’s current account deficit (CAD) – the gap between country’s higher foreign expenditures and low income – has once again widened to $1 billion in March despite the fact that inflows on accounts of export earnings and workers’ remittances hit all-time high in the month. The deficit at $1.03 billion in the month…
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High stakes at Wall Street next week | The Express Tribune
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[ad_1] NEW YORK: Investors are hoping a flood of US quarterly reports next week, including those from megacap growth titans, will confirm a solid profit outlook for corporate America and bolster the case for stocks after a rocky start to the year. Nearly 180 companies in the S&P 500, worth roughly half of the benchmark…
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Yellen to consider lowering US tariffs on Chinese goods | The Express Tribune
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[ad_1] WASHINGTON: US Treasury Secretary Janet Yellen on Friday said it was worth considering taking steps to lower US tariffs on Chinese goods given the “desirable effects” such a move could have on lowering US inflation, which has hit 40-year highs this year. “We want to do everything that we can to lower inflation,” Yellen…
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Lagarde sees strong chance of rate hike this year | The Express Tribune
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[ad_1] WASHINGTON: The European Central Bank is likely to end its bond purchase scheme in early third quarter and raise rates before the end of the year, European Central Bank President Christine Lagarde told CNBC on Friday, outlining the bank’s exit from stimulus. With inflation at record highs and still rising, the ECB has been…
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Bears take centre stage at PSX | The Express Tribune
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[ad_1] KARACHI: Bears held complete dominance at the Pakistan Stock Exchange in the outgoing week as the market recorded declines in all five trading days owing to ambiguity over the resumption of the $6 billion International Monetary Fund (IMF) loan programme. Market players were observed taking a cautious approach as economic uncertainty loomed following clarity…
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SPI decreases 1.28% | The Express Tribune
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[ad_1] The Sensitive Price Indicator (SPI) for the week ended April 21, 2022 registered a decrease of 1.28% for the combined income group, going down from 173.27 points during the week ended April 14, 2022 to 171.05 points in the week under review. The SPI for the combined income group rose 15.42% compared to the…
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Local company signs LNG agreement with Chinese firm | The Express Tribune
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[ad_1] ISLAMABAD: The transition to liquefied natural gas (LNG) from diesel and oil is the correct way forward for Pakistan in terms of making the shift to renewables, remarked Daewoo Gas Chief Executive Officer Shahid Karim. He was speaking during a ceremony held to mark the signing of a Master EPCF (engineering, procurement, construction and…
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Traders foresee smooth return of stability in country | The Express Tribune
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[ad_1] KARACHI: Pakistan has always succeeded in overcoming political and economic crises from time to time and once again, the country will return to the path of progress and prosperity, said Businessmen Group Chairman Zubair Motiwala. While hosting diplomats on Friday, he urged the diplomatic community to portray a positive image of Pakistan as the…
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Minister calls for ending menace of ‘own-money’ on cars | The Express Tribune
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[ad_1] ISLAMABAD: The local car assemblers have reimbursed Rs4 billion to the customers on account of late delivery of vehicles under the Automotive Industry Development and Export Plan 2021-26. The late delivery of cars has been a common practice by the local car assemblers of Pakistan. The government of Pakistan Muslim League-Nawaz (PML-N) in 2016…
