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Hope of IMF programme revival propels KSE-100 Index by 875 points

Hope of IMF programme revival propels KSE-100 Index by 730 points

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The Pakistan Stock Exchange continued making huge gains for the second consecutive day as the benchmark KSE-100 Index was up nearly 900 points in...
Rising cost of production: Suzuki Motor too jacks up prices

Inflation: Suzuki Motor too jacks up prices

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The manufacturer and assembler of Suzuki vehicles in Pakistan joined the list of those increasing the prices as a depreciating rupee and high cost...
Businessmen reject high interest rate, warn of economic fallout

Businessmen reject high interest rate, warn of economic fallout

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Industrialists and traders have rejected the latest interest rate hike, terming the move as “anti-business and anti-growth”, and said inflation was demand-push, not demand-pull,...
Non-textile exports remain stagnant amid global slowdown

Non-textile exports remain stagnant amid global slowdown

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No one is immune to global slowdown, including Pakistan, as non-textile exports saw a slight decrease of 0.65 percent to $5.54 billion in the...
Exchange companies remove cap on dollar to fight black market

Rupee down after cap removed on dollar in open market

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The rupee depreciated against the US dollar on Wednesday after the exchange companies removed an unofficial cap on trading, with the local currency down...
Cut in govt employees’ salaries among austerity proposals

Cut in govt employees’ salaries among austerity proposals

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Different proposals, including slashing the salaries of government employees, are under consideration as a recently-formed committee is working on suggesting austerity measures for reducing...
Chinese bank offers Colombo limited debt moratorium after Indian pledge

Chinese bank offers Colombo limited debt moratorium after Indian pledge

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The Export-Import (EXIM) Bank of China has offered Sri Lanka a two-year moratorium on its debt, saying it will support the country's efforts to...
Yellen cites China as source of debt problem amid fight for Africa

Yellen cites China as source of debt problem amid fight for Africa

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US Treasury Secretary Janet Yellen said it was critically important to restructure Zambia's debt, as she visits the African nation as part of a...
Inflation: Poor getting poorer but the rich are becoming richer

Inflation: Poor getting poorer but the rich are becoming richer

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Although the rich - comprising the elite and upper middle class - make more noise and have much bigger audience, it is the poor...

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