The Pakistani Rupee continued its upward trend, rising by Rs1.01 against the US Dollar in the interbank market. The US Dollar opened at Rs285.75, down from its previous closing rate…
Business
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Business
Gwadar Port Set to Boost Business and Trade, Balochistan’s Caretaker Chief Minister Affirms
by Haktaurusby HaktaurusGwadar, Balochistan, September 27, 2023 – Balochistan’s caretaker Chief Minister, Mir Ali Mardan Domki, expressed optimism about the impending operational status of Gwadar Port, underscoring its potential to invigorate business…
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Pakistan Receives Its First Shipment of Liquefied Petroleum Gas (LPG) from Russia with Iranian Assistance
by Haktaurusby HaktaurusPakistan has received its inaugural shipment of Liquefied Petroleum Gas (LPG) from Russia, marking another milestone in the growing energy partnership between the two nations. Moscow’s embassy in Islamabad confirmed…
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In a remarkable turn of events, the Pakistani Rupee (PKR) sustained its upward surge in the interbank foreign exchange market early Tuesday, gaining an impressive Rs1.26 against the US dollar.…
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Business
Benjamin Netanyahu and Elon Musk Meet, as Both Seek to Deflect Criticism
by Haktaurusby HaktaurusIsraeli Prime Minister Benjamin Netanyahu and billionaire entrepreneur Elon Musk met in California to address mounting criticism and controversies surrounding their respective endeavors. The encounter took place at a Tesla…
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Business
Pakistan’s Demand for Liquefied Natural Gas (LNG) Set to Triple in Five Years, Challenges Persist
by Haktaurusby HaktaurusPakistan’s appetite for liquefied natural gas (LNG) is poised for a significant surge in the coming years, with projections indicating that the country’s demand will nearly triple within the next…
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Business
Saudi Arabia Eyes Barrick Gold’s $7 Billion Reko Diq Project in Pakistan
by Haktaurusby HaktaurusIn a recent exclusive interview with Bloomberg, Barrick Gold Corp’s Chief Executive Officer, Mark Bristow, revealed that several major international mining players, including Saudi Arabia, are keen to get involved…
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Business
Rupee Strengthens by Rs3.50 Against Dollar in Open Market Amid Crackdown on Currency Hoarders
by Haktaurusby HaktaurusThe Pakistani rupee experienced a noteworthy surge against the US dollar, gaining Rs3.50 in the open market, marking an impressive start to the business week. The greenback, which was priced…
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Business
Domestic Gold Prices Continue to Decline, Reflecting Global Trends
by Haktaurusby HaktaurusThe domestic gold market in Pakistan has extended its losing streak for the fourth consecutive day, mirroring the downward trend in international rates. According to data released by the All-Pakistan…
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Business
Pakistan’s Rising Interest Payments Exceed Federal Income, Fueling Debt Concerns
by Haktaurusby HaktaurusIn a concerning financial development, interest payments in Pakistan for the month of July have surged alarmingly to a staggering Rs537 billion, surpassing the federal government’s net income for the…