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Another raise in key policy rate of SBP on the cards

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The State Bank of Pakistan (SBP) may raise its key policy rate by 125 basis points at its review on July 7 as it...

Crude may fall to $65 by year end on recession

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The crude oil could collapse to $65 a barrel by the end of this year and slump to $45 by end-2023 if a demand-crippling...
Rupee depreciation marks all-time lowest against dollar the correspondent pk

Rupee drops 1.7 against USD to 206.5 on delay in IMF programme

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Pakistan rupee on Tuesday dropped against the US dollar by 1.7 in the interbank trading on news of delay in IMF tranche. “I have been...

Foreign investors drained $40bn from emerging Asian markets in last quarter

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Some of Asia’s biggest stock and bond markets outside China are seeing greater outflows than in previous market crises, and the process may just...
Rupee hits new low against dollar the correspondent.pk

Rupee continues upward movement against US dollar

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With every passing day, hopes of revival of an International Monetary Fund (IMF) programme grow stronger, injecting optimism into the forex market. On Monday,...

Gas, electricity shortage: 400 textile mills in Punjab facing shutdown

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As many as 400 textile mills in Punjab province are facing shutdown due to a lack of gas and electricity supplies, making it difficult...

Last date to file income tax returns by Sept 30

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The Federal Board of Revenue (FBR) announced that the salaried, business individuals and association of persons (AOPs) can file their income tax returns by...

Pakistan imports $3.5 billion cooking oil in previous fiscal year

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Pakistan’s imports of cooking oil spiked to $3.56 billion in the first 11 months of the previous fiscal year that ended on June 30,...

Petrol dealers seek hike in commission, threaten to go on strike

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The Pakistan Petroleum Dealers Association (PPDA) on Sunday announced that it would be going on a nationwide strike as of July 18, shutting down petrol...

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