Tribune
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Market watch: Petroleum price hike pulls stocks down | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange on Wednesday experienced a tumultuous session as the KSE-100 index traded on both sides of the fence and closed the day on a negative note. A massive increase in petroleum prices by the government…
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Oil prices recoup losses | The Express Tribune
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[ad_1] LONDON: Oil prices recouped losses on Wednesday as investors weighed conflicting statements on the possible withdrawal of some Russian troops from around Ukraine amid tight global supplies and recovering fuel demand. Brent crude was up $1.37, or 1.5%, at…
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PM Office seeks Rs200b to offset inflation impact | The Express Tribune
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[ad_1] ISLAMABAD: The Prime Minister (PM) Office has asked for a Rs200 billion budget to immediately provide relief to the inflation-hit people amid tight fiscal controls imposed by the International Monetary Fund (IMF) that did not leave any cushion for…
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Visit of Kazakh traders to deepen ties | The Express Tribune
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[ad_1] ISLAMABAD: Many Pakistani products such as sports goods, medicines and surgical instruments have good potential for trade in Kazakhstan, said Kazakh Ambassador to Pakistan Yerzhan Kistafin. Speaking during his visit to the Islamabad Chamber of Commerce and Industry (ICCI)…
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Cabinet gives nod to Cloud First Policy | The Express Tribune
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[ad_1] ISLAMABAD: The federal cabinet on Tuesday approved the Cloud First Policy and the Personal Data Protection Bill to ensure the privacy of online data, which were deemed crucial to enter the digital world. The Cloud First Policy has listed…
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Oil transporters announce protest | The Express Tribune
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[ad_1] KARACHI: Petroleum transporters have announced that they will hold a peaceful protest and sit-in outside the headquarters of a state-owned oil marketing company from Wednesday onwards and threatened to cut fuel supplies across the nation. “We have given call…
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SBP approves EMI licence for fintech | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP), in its efforts to enhance digital financial inclusion in the country, has approved the grant of Electronic Money Institution (EMI) licence to a financial technology firm. With the central bank’s approval, Hubpay…
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E-banking transactions exceed GDP | The Express Tribune
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[ad_1] KARACHI: Owing to the revolutionary initiatives introduced by the central bank, the e-banking transactions in Pakistan were recorded at around $500 billion in the previous fiscal year (2020-21), revealed State Bank of Pakistan (SBP) Governor Reza Baqir. Speaking at…
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World Bank warns of growing debt crisis | The Express Tribune
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[ad_1] WASHINGTON: Delays in dealing with the growing debt burden in poor countries seem unlikely to be resolved by the G20, a top World Bank official warned. As interest rates are starting to rise around the world, putting more pressure…
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Hubco’s profit declines 42% to Rs5 billion | The Express Tribune
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[ad_1] KARACHI: Hub Power Company registered a 42% drop in its profit that reached Rs5 billion in the quarter ended December 31, 2021 primarily due to a hefty loss suffered by an associate firm. According to a notice sent to…
