Tribune
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Forex reserves fall $69 million | The Express Tribune
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[ad_1] Listen to article KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) declined by $69 million during the week ended July 18, 2025, which took the central bank’s reserves to $14.46 billion. The SBP attributed the decrease to scheduled external debt repayments. Despite the dip, the country’s total liquid foreign reserves remained…
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China’s GDP grows 5.3% in H1 despite global headwinds | The Express Tribune
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[ad_1] Listen to article KARACHI: Defying all predictions, China’s economy grew by 5.3% year-on-year in the first half of 2025, according to preliminary data released by the National Bureau of Statistics (NBS), as Beijing rejigged its trade strategy in the wake of US President Donald Trump’s tariff offensive. Beijing stayed ahead of the curve and outmanoeuvred the…
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KCCI urged to invest in livestock, fisheries | The Express Tribune
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[ad_1] Listen to article KARACHI: Sindh Minister for Livestock and Fisheries, Muhammad Ali Malkani, has called on the Karachi Chamber of Commerce and Industry (KCCI) to nominate representatives for advisory bodies of the Livestock and Fisheries Department. This would allow the private sector to actively shape policies and future planning in the sector. During a visit to…
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India eases sulphur emission rules | The Express Tribune
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[ad_1] Listen to article NEW DELHI: India has reversed a decade-old mandate to install $30 billion worth of clean-air equipment, easing sulphur emission rules for most coal-fired power plants, a government order said. Reuters in December reported that the government was reviewing 2015 norms that required nearly 540 coal-based power units to install flue-gas desulphurisation (FGD) systems…
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Duties on sugar import waived | The Express Tribune
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[ad_1] Listen to article ISLAMABAD: The federal cabinet has approved the import of 500,000 metric tons of sugar, waiving 53% in import taxes to offset the negative impact of its earlier decision to allow sugar exports despite objections from the finance ministry. The cabinet waived all the duties and taxes on the import of sugar, which has…
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Govt pushes to scale up EV adoption | The Express Tribune
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[ad_1] Listen to article ISLAMABAD: The Ministry of Climate Change and Environmental Coordination (MoCC&EC) on Friday held a high-level meeting with electric vehicle (EV) manufacturers and senior officials. The goal was to identify ways to scale up EV adoption and reduce the country’s dependence on fossil fuels. The meeting was chaired by Secretary MoCC&EC Aisha Humera Moriani.…
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Gold up Rs108,500 in FY25 | The Express Tribune
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[ad_1] KARACHI: Gold prices in Pakistan registered a sharp rise over the past year, mirroring gains in the international market and fueled by a combination of currency depreciation, inflationary pressures and strong investor demand. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold surged Rs108,500 per tola since…
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SMEs with product ideas to compete in US | The Express Tribune
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[ad_1] Listen to article KARACHI: B2B e-commerce platform Alibaba.com has announced a newly expanded pitch competition, CoCreate Pitch, which will take place at the company’s annual CoCreate event. The competition will allow global small and medium enterprises (SMEs) with product ideas to compete for a $1 million prize pool. Selected SMEs and entrepreneurs from Pakistan will have…
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Rs36b mini-budget proposed | The Express Tribune
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[ad_1] Listen to article ISLAMABAD: Four days ahead of the approval for Rs435 billion worth of tax measures announced in the budget, the government on Sunday proposed a Rs36 billion mini-budget and eased restrictions on major purchases by individuals with insufficient declared assets. The revised criteria aim to address public concerns about the negative impact of the…
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Financial inclusion surges, gaps persist | The Express Tribune
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[ad_1] Listen to article KARACHI: Financial inclusion in Pakistan has quadrupled in a decade, rising from just 8% in 2013 to 35% in 2024, according to the latest Karandaaz Financial Inclusion Survey (K-FIS). This growth is largely attributed to mobile money usage, which now reaches 30% of adults, up from under 1% ten years ago. Karandaaz Pakistan…
