Tribune
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US investors shift to safe havens amid volatility | The Express Tribune
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[ad_1] NEW YORK: Side-by-side declines in US equity and fixed income markets are pushing investors into cash, commodities and dividend-paying stocks as geopolitical uncertainty and worries over a hawkish Federal Reserve rock asset prices. With the first quarter of 2022 winding down, the S&P 500 is down around 5% year-to-date, after falling as much as…
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Argentina to receive $9.7b under $44b debt deal: IMF | The Express Tribune
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[ad_1] WASHINGTON: The IMF executive board on Friday approved a $44 billion loan for Argentina to help the inflation-wracked country’s economy, with $9.7 billion of the funding available immediately. The Washington-based crisis lender said the financing “aims to provide Argentina with balance of payments and budget support” and also “strengthen debt sustainability, tackle high inflation,…
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SPI increases 1.1% | The Express Tribune
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[ad_1] The Sensitive Price Indicator (SPI) for the week ended March 24, 2022 registered an increase of 1.1% for the combined income group, going up from 169.06 points during the week ended March 17, 2022 to 170.92 points in the week under review. The SPI for the combined income group rose 15.67% compared to the…
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Rupee hits new low at 181.78 | The Express Tribune
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[ad_1] KARACHI: The rupee weakened against the US dollar at Rs181.78 in the inter-bank market on Friday compared with Thursday’s close of Rs181.73, according to the State Bank of Pakistan (SBP). It was an all-time low value for the local currency as demand for the dollar stood higher compared to its supply in the wake…
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Senators inquire about KAPCO contract | The Express Tribune
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[ad_1] ISLAMABAD: The Senate Standing Committee on Power on Friday inquired about the permission given for the extension of contract to Kot Addu Power Company (Kapco) till October 2022. The committee, which met under the chairmanship of Saifullah Abro, questioned in what capacity the extension was granted to Kapco and why the transactions were not…
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PSW portal to aid traders in exploring markets | The Express Tribune
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[ad_1] KARACHI: In a first, Pakistan has conducted the soft launch of a web portal that disseminates information about which products are being imported, their origin and quantity and what Pakistan is exporting across the globe. The information is aimed at facilitating domestic manufacturers and traders in exploring import and export markets around the world.…
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SBP steps up efforts to fulfil SDG 2030 Agenda | The Express Tribune
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[ad_1] KARACHI: Pakistan is one of the first few countries that have adopted the SDG 2030 Agenda through a unanimous resolution in parliament, said State Bank of Pakistan (SBP) Governor Dr Reza Baqir. Unveiling a report titled “SDGs and Sustainability Report – Pakistan Banking Sector Perspective” in Dubai, the governor reaffirmed the commitment of the…
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CDWP clears four projects worth Rs353 billion | The Express Tribune
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[ad_1] ISLAMABAD: The Central Development Working Party (CDWP) on Friday recommended four development projects worth Rs352.9 billion to the Executive Committee of National Economic Council (Ecnec) for approval. The meeting, chaired by Planning Commission Deputy Chairman Jahanzeb Khan, took up four projects including the construction of Hyderabad-Sukkur (306km-long, six-lane) Motorway, construction of northern section of…
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Foreign loans swell to $14.5 billion | The Express Tribune
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[ad_1] ISLAMABAD: The government received $14.5 billion in foreign loans during the first eight months of current fiscal year, higher by 77% over the same period of previous year, but the funds remained insufficient to prevent the official foreign exchange reserves from falling continuously. Total loans received by the government of Prime Minister Imran Khan…
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Kyrgyzstan keen to begin transit trade through Pakistan | The Express Tribune
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[ad_1] LAHORE: Kyrgyzstan is interested in transit trade through Pakistan and the country wants to use the seaports of Karachi, said Kyrgyzstan Minister of Foreign Affairs Ruslan Kazakbaev. Speaking at the Lahore Chamber of Commerce and Industry on Friday, he invited Pakistani investors to pour money in the tourism and energy sectors of Kyrgyzstan. “Kyrgyzstan…
