Tribune
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Saeed lauds overseas Pakistanis | The Express Tribune
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[ad_1] ISLAMABAD: Overseas Pakistanis living in different parts of the world sent over $30 billion back home last year, giving a boost to the national exchequer, said Minister for Communications and Postal Services Murad Saeed. Addressing a three-day Overseas Pakistanis Convention on Monday, he lauded the commitment of expatriates to their home country and added…
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Sweden plans $1.5b subsidies against soaring prices | The Express Tribune
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[ad_1] STOCKHOLM: Sweden announced plans Monday for a $1.45 billion (€1.32 billion) subsidy package to help Swedes cope with soaring prices resulting from Russia’s invasion of Ukraine on the heels of winter’s sky-high energy prices. The proposed subsidies include a temporary reduction of petrol and diesel taxes, a one-time minimum payout of 1,000 kronor ($104,…
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CCP slaps Rs1.1 billion penalty on two home appliances firms | The Express Tribune
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[ad_1] KARACHI: The Competition Commission of Pakistan (CCP) has imposed a fine of Rs1.1 billion on two home appliances firms for violation of section 4 of the Competition Act, 2010. According to a statement issued on Monday, both companies entered into resale price maintenance (RPM) arrangements with their dealers. “This is a form of price-fixing…
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Market watch: KSE-100 dips amid thin volumes | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange endured a lacklustre trading session on Monday, as the benchmark KSE-100 index succumbed to across-the-board selling pressure in the absence of positive triggers and closed in the red. Persistent volatility on the international and domestic fronts continued to haunt the overall trading environment in the market. Jittery investors weighed…
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Oil falls $7 on Russia-Ukraine talk hopes, China lockdowns | The Express Tribune
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[ad_1] LONDON: Oil prices fell around $7 a barrel on Monday as investors pinned hopes on diplomatic efforts between Ukraine and Russia to end their conflict, while a surge in Covid-19 cases in China spooked the markets. Brent was down by $6.78, or 6%, at $105.89 a barrel at 1358 GMT and US crude fell…
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Good move for the economy | The Express Tribune
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[ad_1] KARACHI: It is our thinking that institutions do exist to prevent us from developing but at the same time we should see that the rapidly growing economies like Hong Kong, Singapore, South Korea and Taiwan have borrowed from different institutions like the World Bank, Asian Development Bank and International Monetary Fund (IMF). These countries…
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Cheaper petrol for the poor | The Express Tribune
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[ad_1] ISLAMABAD: Petroleum product prices have been reduced by the government despite rising international prices, which first crossed $100 per barrel mark and have now approached $130. The issue has been compounded by the Ukraine conflict. In Pakistan, petroleum prices have been and are the lowest in the region. Petroleum product prices have been reduced…
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The true purpose of finance: a sustainable society | The Express Tribune
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[ad_1] KARACHI: The futurist Willis Harman said, “Business has become, in the last century, the most powerful institution on the planet. The dominant institution in any society needs to take responsibility for the whole.” (cited in Hawken, 1992: 100, cited in Gladwin, 1995, p 898) In 1970, Milton Friedman, the neo-classical economist, referenced the slogan…
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Sahulat Account: a simplified way to invest in PSX | The Express Tribune
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[ad_1] KARACHI: It has never been more important to save money than it is now. Saving money helps us to meet our expenses for emergencies, child(ren)’s education, big purchases, or accumulating wealth for future use. However, with costs of staples, daily items, utilities, fuel, transportation and other items rising on a frequent basis, everyone is…
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Post-monetary policy blues | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) announced its decision to keep the policy rate stable at 9.75% in the previous week. The market had mixed expectations on whether there would be a hike or not. Given that inflationary and external account pressures stem mainly from supply side issues, it was not hard for…
