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Public transport fare increased
ISLAMABAD: After hike in petroleum prices, transporters have also announced increase in their fare across the country.
Fares from Lahore to Rawalpindi have been increased from 2200 to 2450Pkr, Lahore to Peshawar from Rs.2500 to 3000,…
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FM holds meeting with IMF review mission
ISLAMABAD:(Rana Tariq) Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar held a meeting with IMF review Mission led by IMF Mission Chief Mr. Nathan Porter at Finance Division, today.
Ms. Esther Perez Ruiz , IMF resident…
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Every Pakistani’s debt increases by 21 percent
ISLAMABAD: Debt Burdon on every Pakistani has jumped to Rs 216708, potentially by 21 percent compared to the end of previous fiscal year, local media reported Sunday.
The media report, quoting annual report of the Ministry of Finance,…
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Adding to masses’ misery: govt jacks up patrol prices by Rs 35
ISLAMABAD:(Rana Tariq) Masses were left in agony Sunday as Finance Minister announced an increase of Rs 35 in per litre prices of Petrol, effective as of 11 am on Sunday.
The announcement was made in a brief televised address by Finance…
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Oil prices fall on profit taking
NEW YORK: Oil prices reversed earlier gains on Friday as indications of strong Russian oil supply offset better than expected US economic growth data, strong middle distillate refining margins and hopes of a rapid recovery in Chinese…
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Dar denounces tractor industry
ISLAMABAD: Economic Coordination Committee (ECC) Chairman and Finance Minister Ishaq Dar has lashed out at the tractor industry for its lack of response despite getting several incentives.
A number of initiatives had been taken but the…
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Rupee freefalls to 268.3 against USD in interbank market
KARACHI: The Pakistani currency maintained a freefall for a second consecutive day, plunging by a fresh 4.78% (or Rs12.87) to a new all-time low of Rs268.30 against the US dollar in the interbank market at around 10:30 am on…
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Exporters decry lack of support
KARACHI: The information technology industry of Pakistan appears frustrated as it needs state assistance to help the struggling IT companies to grow their exports.
It regrets that the two key government institutions, the State Bank of…
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Course correction: open market, interbank spread narrow as PKR plummets
ISLAMABAD: The difference between the USD-PKR exchange rate in the interbank and open markets narrowed on Thursday as the local currency depreciated sharply after the Exchange Companies Association of Pakistan (Ecap) removed an unofficial…
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Shares jump over 1,000 points on exchange rate cap removal IMF revival hopes
ISLAMABAD: Shares at the Pakistan Stock Exchange (PSX) continued to rally on Thursday, with the benchmark index crossing the key 40,000 points mark.
The KSE-100 index jumped 1020.82 points, or 2.57 per cent, to reach 40,805.72 points at…
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