Business
Zimbabwe inflation almost doubles, stirring memories of economic chaos
JOHANNESBURG: Zimbabwe's annual inflation almost doubled to a new 10-year high of 175.66% in June, data showed on Monday, stirring memories …
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Business
IMF projects FBR's revenue to surge to Rs0.5 trillion by 2023-24
ISLAMABAD: The International Monetary Fund (IMF) has projected that revenues of the Federal Board of Revenue (FBR) would increase to Rs 0.5 trill…
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Business
Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows
LONDON: Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of…
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Business
US dollar gains Rs1.11 in interbank market
KARACHI: The US dollar gained Rs1.21 against the Pakistani rupee in the interbank market on Monday. With the increase, the US dollar was being so…
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Business
Facebook's Libra currency under fire
Facebook's planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces scepticism amon…
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Business
Lahore, Karachi traders divided over strike called against taxes
LAHORE/KARACHI: The Pakistan Traders Alliance on Thursday announced to end the strike after successful negotiations with the Punjab government on…
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Business
Pakistan receives first tranche of IMF loan
KARACHI: Pakistan has received the first tranche of loan of $991.4 million from the International Monetary Fund (IMF) under the under Extended Fu…
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Business
Pakistan to receive $1bn instalment in a few hours: IMF mission chief
ISLAMABAD: Pakistan would receive $1-billion instalment in a few hours, the International Monetary Fund's (IMF) mission chief for the country…
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Business
Traders announce nationwide shutter-down strike from July 13
KARACHI: Traders are protesting against the government in several cities of the country for a hike in sales tax in the federal budget, while the …
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Business
Govt has not imposed any new taxes: FBR Chairman Shabbar Zaidi
ISLAMABAD: Federal Bureau of Revenue Chairman Shabbar Zaidi said on Monday that the government has not imposed any new taxes. The chairman FBR …
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Business
Highlights: India unveils budget aimed at boosting infrastructure and foreign investment
NEW DELHI: India on Friday unveiled a budget aimed at boosting infrastructure and foreign investment, the first since the Bharatiya Janata Party …
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Business
ADB approves $235 million loan to develop Karachi Bus Rapid Transit project
ISLAMABAD: The Asian Development Bank (ADB) on Friday approved a $235 million loan to help develop the bus rapid transit (BRT) system in Karachi.…
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