Business

Yearly inflation in the 19 euro area countries grew to 3.4% in September, compared to 3% last month, according to the Eurostat statistics agency MOSCOW Yearly inflation in the 19 euro area countries grew to 3.4% in September, compared…
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Dollar continues to soar in Pakistan, reaches Rs173 in inter-bank market.Rupee falls by 82 paisas to reach Rs173 in inter-bank market. This is the highest value of the dollar in the history of Pakistan.Economists say main reason for rise…
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KARACHI: Pakistani rupee maintained its downtrend on Tuesday as it dropped below Rs171 against the US dollar in the inter-bank market for the first time in history in the wake of rising demand for the greenback to pay a ballooning import…
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IMF forecasts Pakistan’s GDP unchanged at 4% for the fiscal year 2021-22.IMF endorses Pakistan's provisional figures of GDP growth rate of 3.9% during the previous fiscal year 2020-21.The inflation rate would ease from 8.9% during the year…
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Currency records a loss of 0.17% due to mounting import payment pressure and uncertainty regarding IMF talks.With a fresh drop of 30 paisas, the rupee has depreciated Rs13.5 since the start of the current fiscal year on July 1,…
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Bullion prices settle at Rs116,000 per tola with an increase of Rs750 per tola.Gold rates in the international market record a nominal increase of $8 per ounce to $1,763."The precious commodity is expected to trade within a range of…
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ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to impose income taxes worth around Rs 225 billion, while questioning the sustainability of the revenue performance due to a shift in policy to curb imports. The IMF…
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DUBAI: The easing of pandemic-induced restrictions on business activities and travel has pushed Saudi Arabia’s non-oil private sector to grow in September, at the fastest rate in seven years, Arab News quoted IHS Markit, as saying. The…
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Will float T-bills and PIBs to raise funds to pay off maturing debt KARACHI: The Pakistan Tehreek-e-Insaf (PTI) government has planned to raise debt worth Rs5.87 trillion by offering sovereign securities to commercial banks over the…
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Local currency recovers 18 paisas and closes at a one-day low of Rs170.48.The rupee has been under immense pressure in recent weeks due to widening current account deficit and historically high trade deficit.Financial experts are now…
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