Business
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Moody’s raises Pakistan’s ratings to CAA2, reflecting better outlook
Moody’s Ratings has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings from CAA3 to CAA2, while…
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Sports goods sector promised tax relief
The government is steadfast in its commitment to reducing the tax burden on exporters, Minister for Commerce Jam Kamal Khan…
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Rupee gains as govt pushes for IMF approval
The Pakistani currency appreciated by Rs0.08 to Rs278.42 against the US dollar in the inter-bank market, continuing its upward trend…
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$7b bailout request not on IMF agenda
The International Monetary Fund’s Executive Board meeting will not take up the $7 billion bailout package to Pakistan for approval…
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Power tariff raised by Rs1.9 per unit
The National Electric Power Regulatory Authority (Nepra) has approved an increase of up to Rs1.90 per unit in electricity tariff…
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Riyadh offers 15% equity investment in Reko Diq
Saudi Arabia has made an offer to buy 15% stakes in the Reko Diq mining project and would also give…
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Sesame exporters achieve breakthrough
A delegation of 23 sesame seed exporters from Pakistan visited Beijing and Handan city of Hebei province near Beijing from…
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Coworking spaces face 60% loss
Coworking space providers, professionals, and analysts are calling for urgent political and economic stability, as well as the elimination of…
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Swiss minister calls US-EU debt ‘time bomb’
Debt levels in the United States and Europe are a risk for international financial stability and for Switzerland, Swiss Finance…
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Cabinet approves merger of printing firms
The cabinet has approved the re-merger of National Security Printing Company, a state-owned enterprise, with Pakistan Security Printing Corporation, owned…
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