Business

IMF

IMF says devaluation of Pakistani rupee helpful for economic growth

ISLAMABAD: The International Monetary Fund on Thursday welcomed Pakistan’s recent devaluation of its currency, calling it important for economic growth. “Continued exchange rate flexibility will be important to facilitate external adjustments to support exports and economic growth,” Harald Finger, who led an IMF staff mission’s visit to Islamabad, said in a media briefing at the end of his visit. The...

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IMF

IMF says devaluation of Pakistani rupee helpful for economic growth

ISLAMABAD: The International Monetary Fund on Thursday welcomed Pakistan’s recent devaluation of its currency, calling it important for economic growth....

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Dollar

Dollar keeps rising, hits record Rs111

KARACHI: The rate of the US dollar broke its last highest record on Tuesday as it reached Rs111 in the...

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Roosevelt-Hotel

Selling PIA owned Roosevelt Hotel not an option, PM Abbasi

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi chaired a meeting regarding the affairs related to the Roosevelt Hotel in New York...

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Dollar-Rupee

US dollar rises to Rs110

KARACHI: The market was again caught off guard on Monday after the interbank rate of the US dollar touched Rs110,...

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Dubai

Dubai 2018 budget foresees $15.5 bn expenditure ahead of Expo

Dubai on Sunday adopted its 2018 budget foreseing expenditure of 56.6 million dirhams (around $15.5 billion), a 19.5 percent increase...

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Typhoon

Qatar signs $8-bn deal to buy 24 Typhoon fighters from UK

Qatar signed a multi-billion-dollar deal Sunday to buy 24 Typhoon fighters from Britain, its second major defence agreement this week,...

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Shazam

Apple to buy music recognizing app Shazam: report

Apple is in talks to buy the popular song recognition app Shazam as the tech giant tries to compete with...

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Dollars

Dollar appreciated to Rs 110 in wee hours, following recovery back to old position

KARACHI: Owing to foreign payment pressure and political uncertainty in Pakistan, and in the world, the rupee weakened 4% on...

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Bitcoins

Bitcoin charges through $14,000 as investors pile in

Bitcoin hit a fresh record of $14,000 on Thursday as investors piled in, triggering a warning the cryptocurrency was "like...

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PSX

PSX benchmark index loses 1,123 points, downwards spiral continues

Pakistan Stock Exchange (PSX) on Thursday after three flattish sessions in the week. The benchmark KSE-100 index lost 1,123 on...

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sbp

ATM skimming Event: State Bank of Pakistan issues guidelines to prevent Cyber Crime

KARACHI: In wake of the recent ATM skimming incident, the State Bank of Pakistan (SBP) on Wednesday directed banks to...

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business

Pakistan’s Nov inflation rate inches up to 3.97 percent

ISLAMABAD: Pakistan´s annual inflation rate edged up to 3.97 percent in November from 3.80 percent a month earlier, the state...

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Business

Pakistan has potential for strong economic growth: study

FAISALABAD: Pakistan has the potential for achieving strong economic growth till 2030, says a study, provided it successfully overcomes five...

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