Economy

MUMBAI: India will remain the fastest-growing major economy for at least the next three years, setting it on course to become the world's third-largest economy by 2030, S&P Global Ratings said in a report. S&P expects India,…
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KARACHI: The Pakistan Stock Exchange (PSX) crossed another milestone on Tuesday after it crossed the historic 60,000 points level. The KSE 100-index reached to 60,730.26 points by gaining 918.92 more points, a positive change of 1.54…
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DOHA: Qatar has agreed to supply Italian firm Eni with natural gas for 27 years, the Gulf emirate’s state-owned energy company announced, the latest in a series of major deals. Doha will supply one million tonnes of gas a year under the…
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LONDON: Brent oil futures steadied above $90 a barrel on Monday after passing the threshold on Friday, as investors waited to see if the Israel-Hamas conflict draws in other countries. Brent futures were down 39 cents, or 0.43%, at…
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The World Bank expects Saudi Arabia's economy to contract by 0.9% in 2023, it said in a report, revising its growth forecast for the world's top oil exporter sharply lower on the back of production cuts and lower prices. Overall growth…
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BRUSSELS: The European Parliament has voted to roll over the rules on Generalized Scheme of Preferences (GSP) designed to help developing countries including Pakistan. After extension, GSP Plus regulations will now expire in 2027. The…
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ISLAMABAD: Caretaker Power Minister Muhammad Ali has said that gas will only be available for eight hours in the winters. Addressing a press conference, the minister said gas load shedding will be held this year as well amid depleting…
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European benchmark Brent North Sea oil struck $113.02 per barrel, the highest level since 2014, while New York-traded WTI hit a 2013 peak at $111.50.
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The government on Tuesday announced a major hike in prices of petroleum products citing an increase in the prices of crude oil in the international market. “The prices of petroleum products are showing a drastic increase in the…
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Britain on Friday said it had accepted changes proposed by Google to address competition and customer privacy concerns linked to online advertising, with the US tech giant vowing to apply them globally. "The commitments we have obtained…
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The US Justice Department announced Tuesday it had recovered more than 94,000 bitcoin stolen in 2016, currently valued at $3.6 billion, a record seizure. A couple accused of seeking to launder the bitcoin were arrested in New York, the…
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The EU launches a plan Tuesday to raise tens of billions of euros to boost semiconductor production in Europe and end the bloc's digital dependence on Asia. The production of semiconductors, also known as chips, has become a strategic…
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Ambassador of the Kingdom of Saudi Arabia in Islamabad Nawaf bin Saeed Al-Malkiy called on the Federal Minister for Economic Affairs Mr. Omar Ayub Khan in his office and discussed ongoing development projects and new initiatives. The…
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The International Monetary Fund (IMF) has approved 6th tranche of Extended Fund Facility programme for Pakistan, Finance Minister Shaukat Tarin said Wednesday. “I am pleased to announce that IMF Board has approved 6th tranche of their…
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Prime Minister Imran Khan on Wednesday expressed the confidence that his visit to China on Thursday would take the strong bilateral relations between the two countries to new heights. He expressed these views while chairing a high-level…
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