All posts tagged "economy"
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64PakistanRussia Disappointed With Slow Progress of Pakistan’s Plan to Import Crude Oil
Russia has expressed disappointment with Pakistan’s slow progress in importing crude oil from Moscow, according to sources. Pakistan had committed to importing...
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68Pakistan
Pakistan’s Rupee Falls Against Dollar as Demand Increases
In the inter-bank market, the Pakistani rupee dropped by 0.13% or Rs0.38 to Rs283.50 against the US dollar, ending the currency’s two-day...
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64Pakistan
Incumbent Government Provided Rs74b To Flood Victims Under BISP
The Minister for Parliamentary Affairs, Murtaza Javed Abbasi, informed the National Assembly that the current government had allocated emergency relief funds of...
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105Pakistan
Stampedes During Free Flour Distribution Result In One Death And Multiple Injuries In Charsadda And Kohat
Multiple stampedes occurred in different districts of Khyber Pakhtunkhwa (KPK) province, resulting in one man’s death and several injuries, as the provincial...
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164Pakistan
Rawalpindi Braces for Flour Shortage as Prices Skyrocket
The Punjab government has implemented a significant price hike on cheap subsidized flour, leading to fears of a flour crisis in the...
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33Business
Large scale manufacturing shrinks 7.75% in October
Large scale manufacturing (LSM) fell 7.75 percent year on year in October, with the textile, machinery, equipment, and automobile sectors contracting, according...
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35Business
A lack of documentation has resulted in a gold import ban
Commerce Ministry officials told a Senate panel that if the country’s entire gold business was documented, then the gold import ban could...
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33Business
Remittance inflows fall by 4.8%, recorded $2.1bn in November
Remittance inflows dropped by nearly 5% on a month-on-month basis in November of the fiscal year 2023, a drop that is being...
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54International
‘Tough times’: China’s ‘zero-COVID’ exit raises concerns
The World Health Organization warned of “very tough” times ahead a week after China began dismantling its strict “zero-COVID” controls, and state...
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74Property
Pakistanis can now invest in real estate with as little as Rs.10
After the country’s first Development Real Estate Investment Trust (REIT) begins offering units for subscription on the Pakistan Stock Exchange (PSX) this...
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303Pakistan
Pakistan’s default risk has dropped dramatically below 60%
Pakistan’s chances of default on its debt have dwindled in recent sessions, with the cost of ‘insuring’ the country’s sovereign debt falling...
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81Business
Old banknotes cannot be exchanged after 31st, says SBP
The State Bank of Pakistan (SBP) announced on Tuesday that the old design large size banknotes of Rs 10, 50, 100, and...
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263Pakistan
Pakistan has already used the majority of its oil and natural gas reserves
Pakistan’s future energy landscape appears bleak, as it has already depleted 79.8% of its total oil reserves and 66.6% of its natural...
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95Technology
Pakistan IT industry to be rebranded in 2023: MoITT
In March, the Ministry of Information and Telecommunications (MoITT), in collaboration with the Trade Development Authority of Pakistan (TDAP), will host a...
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96Business
Pakistan hopes to acquire $32 billion loan this year
Renowned economic and political experts said that there was no immediate prospect of declaring an economic emergency in Pakistan because the government...
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280Pakistan
KP to be put on world tourism map- says CM
Khyber-Pakhtunkhwa Chief Minister Mahmood Khan has stated that his government’s goal is to put KPK on the global tourism map. The CM...
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290Pakistan
Research proves China is Pakistan’s closest ally
Different reactions arise when discussing Pakistan-China relations in different contexts. The Western perspective views the relationship primarily through the lens of expediency...
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97Business
Vietnam sees trade rising to $1 billion next year
On Thursday, Vietnam Ambassador Nguyen Tien Phong expressed optimism that annual trade with Pakistan would reach $1 billion by the end of...
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306Pakistan
Pakistan’s police, judiciary among top most corrupt institutions, reveal TIP’s report
According to the Transparency International Pakistan (TIP) National Corruption Perception Survey (NCPS) 2021, police are the most corrupt department, followed by the...
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95Business
Pakistan’s business confidence score drops to negative 4%
According to the Overseas Investors Chamber of Commerce and Industry (OICCI), Pakistan’s business confidence score (BCS) fell to negative 4% in September-October...
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103Business
No ‘Economic Emergency” being imposed in Pakistan: Finance division
Finance division denied all the rumours of “economic emergency” being imposed in Pakistan and said that such news are spread by the...
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94Technology
Why did USA fall behind China in cell phone production
Made in China is a phrase seen almost on everything these days; however, Made in USA is rarely seen on anything. If...
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118Business
Pizza Hut and Burger King sold their businesses in Pakistan
Famous food eateries, Pizza Hut and Burger King came under new management as Maaks International acquired MCR and MCR Pakistan. Pizza Hut...
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148Business
What Happens When A Country Defaults?
A country defaults occur when a country is unable or unwilling to pay the debts on due time. Though country defaults happen...
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92Business
FBR to auction off properties, trademarks
Federal board of revenue (FBR) to auction off properties and trademarks of big tax defaulters to recover tax dues. The Director General...
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88International
Turkey’s inflation slows for first time since 2021
According to official figures, Turkey’s inflation decreased in November for the first time since May 2021, giving President Recep Tayyip Erdogan a...
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71Technology
Poor government policies, high taxes ruining telecom sector
According to global mobile industry association GMSA, there is a profound threat to Pakistan not been realized as a digital country with...
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383Pakistan
Cooking oil prices likely to go up
The prices of cooking oil are projected to rise this month due to the significant inflationary pressure brought on by Pakistan’s fragile...
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89Business
FBR extends income tax returns filing date once again
Federal Board of Revenue (FBR) extends the income tax returns filing date till 15th December, for the third time. The announcement was...
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418Pakistan
Russia refuses to give Pakistan 30–40% discount on crude oil
Russia refused to offer 30 to 40% discount on crude oil as sought by a delegation from Pakistan lead by state Minister...
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133International
No objections to Pakistan importing Russian crude oil: US
According to US state department spokesperson, US has no problem with Pakistan importing cheap crude oil from Russia. It was further said...
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442Pakistan
Government struggles for $1.18 billion IMF tranche
The International Monetary Fund (IMF) is continuing analyzing Pakistan’s fiscal situation despite the fact that time is running short, particularly in light...
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137Climate Change
By 2050, Pakistan’s annual GDP can decline 18-20% due to climate change risks
To halt climate-related calamities, Pakistan would need a massive $348 billion in eight years, which is 800% more than its existing yearly...
