BUSINESS
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War can cost Pakistan $10b to $68b
The Middle East conflict can cause $10 billion to $68 billion annual losses to Pakistan’s economy, and inflation could hit…
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FBR’s tax shortfall hits Rs683b
The International Monetary Fund (IMF) has allowed Pakistan to pass on the impact of the remaining agreed Rs53-per-litre increase in…
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Asia shares find hope in tech resilience, oil off peak
Asian shares rallied in relief on Friday as oil prices came off the boil and upbeat company earnings pulled investors…
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PSX recovers on US-Iran diplomatic signals
Pakistan’s stock market on Tuesday surged over 5,000 points as investors drew strength from the talk of global calm despite…
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Aurangzeb calls for IMF surcharge review
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has called for an early and substantive review of International Monetary…
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Cotton harvest target set at 9.6m bales
The government has set cotton production target at 9.64 million bales from plantations over an area of 2.16 million hectares…
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IMF cuts growth forecast to 3.5%
The International Monetary Fund (IMF) on Tuesday lowered Pakistan’s economic growth forecast to 3.5% and raised its inflation projection to…
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Saudi Arabia pledges $3b additional support, extends $5b deposit: finance minister
The Kingdom of Saudi Arabia on Wednesday pledged $3 billion in deposits, with disbursement expected in the coming week, and…
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Stocks bleed on US-Iran peace talks failure
In a subdued trading environment, the Pakistan Stock Exchange (PSX) plunged on Monday as heavy selling dragged the benchmark KSE-100…
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Salaried class pays Rs420b tax
Pakistan’s struggling salaried class paid Rs420 billion in income tax in just nine months of this fiscal year, while the…
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