Finance
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Climate finance: a complex puzzle at COP29
Conference to prioritise establishing concrete frameworks for climate finance, developing carbon markets, damage funds
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Aurangzeb banks on strong economic indicators for stable rupee
Finance minister meets US, IMF, and World Bank officials in Washington
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Naan bread price cut by Rs5
K-P minister warns of strict action against profiteers
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Oracle adds generative AI features to finance, supply chain software
Oracle has spent billions of dollars on Nvidia chips and partnered with Cohere, an AI start-up
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ADB approves $155m for women’s access to finance
Comprises of $100m for reforms, $50m to enable lending, $5.5m to finance related activities
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Financial globalisation and stock market
Whenever market bubbles burst, they create havoc in real economy, affect long-term growth
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Charitable hospitals yet to submit audit reports
Hospitals to furnish reports for past three financial years
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Textile sector faces challenges
Earnings dip 24% due to high finance cost, expensive cotton and energy
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ECC approves bonded storage policy for petroleum products: Dar
Details of policy to be shared by state minister for petroleum through press conference
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AIIB says it won’t become ‘disoriented’ by geopolitics
Plans to stick to its mandate as an apolitical multilateral lender
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CCP warns of risks of using micro-credit, nano-loan facilities
Users cautioned to read terms and conditions carefully to make an informed decision
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Bitcoin mining booms in Texas
Bankruptcies, worries over power consumption fail to dent industry’s growth
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Savings in high interest rate environment
In case of price rise, discretionary expenses should be cut, funds directed towards essentials
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Japan, Germany agree to monitor markets
Agreement comes after jitters stemmed from Western banks
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SBP receives $500m loan from Chinese bank
Move to help stabilise forex reserves, avert imminent default on external debt
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‘Discrepancy’ of Rs320b accepted
Raises questions over credibility of figures released
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Dar stops FBR from using tax money
Earlier, revenue board issued rules to divert taxes for paying allowances to taxmen
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Default fears still loom but risks reduced: Ismail
Says country takes debt to pay debt with no way out
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SBP plans to increase share of Islamic banking to 35%
At present, 20% of commercial banks have adopted Islamic banking
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Govt’s lack of vision stalled IMF loan tranche: Tarin
Former finance minister says govt clueless about factors ruining country
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Public debt surges to record Rs51tr
Currency free fall, high financing needs take debt to unprecedented highs
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Rs472b granted despite fiscal crunch
Govt approves 11 projects including those aimed at flood rehabilitation and luring urban and rural voters
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Post of IMF adviser still pending
All three nominations are serving in the Ministry of Finance
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Rupee falls to Rs226.37
Smuggling impacts rupee-dollar parity, says FM
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Rupee downfall: Pakistani currency endured historic lows in 2022
‘Daronomics’ only yielded fleeting gains against greenback as rupee remained among worst-performing currencies
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SBP injects Rs2tr into banks
Central bank also provides Rs40.5b to Shariah-compliant banks for 70 days
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Dar reviews measures to stop dollar smuggling
Stresses inter-agency coordination to curb menace
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Multi-million dollar project kicks off despite financial woes
The Red Line BRT has been a long time coming but experts are concerned about the planning and timing
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Pakistan to get $32b loans this year
Rana rules out the possibility of economic emergency
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Dar promises 150% executive allowance
Impact of allowance will be Rs1.3 billion
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Govt snubs talk of economic emergency
Finance ministry says energy conservation measures under consideration to reduce import bill
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‘Pakistan in financial emergency’
Business leaders urge SBP, govt to restructure market policy, strengthen currency
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Pakistan repays $1b Sukuk, dismisses perception of default
Payment was made three days ahead of schedule
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Tarin fears difficult times for people
Former finance minister says Pakistan is not heading towards default
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Rift over executive allowance deepens in govt groups
Economist, commerce, information groups stage protest outside finance ministry
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Transforming Riba-based economy
If govt is really interested, then it has to show some real progress on the ground
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Dar’s dilemma: challenges on external front persist
Lower imports may have cut deficit, but they have adverse implications for industrial production
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Pakistan will not default: SBP governor
Risk of default spiked to 13-year high at 52.8% earlier this week
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Telecom sector’s financial health
Low telecom tariff has resulted in weak financials that limit growth, innovation
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Russian oil only on favourable terms: Dar
Minister shrugs off concerns over external financing needs in FY23
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Multilateral donors assure Pakistan of support
In meetings on sidelines of IMF-WB annual meetings, Dar calls for greater policy support
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Dar assures IMF of govt’s pledge
Finance minister meets IMF Deputy MD Antoinette Sayeh; US Treasury Counsellor David Lipton in Washington
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Dar faces uphill task to unlock $1b WB loans
Finance minister assures lender’s local head that country will implement prior conditions
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Tariq Bajwa appointed as SAPM on finance
Bajwa is among those five lucky ministers of state out of 29 who have also been assigned a portfolio
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Dar favours currency market intervention
New finance minister hints at amendments to the SBP Act
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Opp wary of Dar's return as coalition partners cheer
Fazl backs the move; recalls five finance ministers were changed during Imran's tenure
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Rupee gains against USD after 45 days of devaluation
Rupee bounces back by Rs2.62 to Rs237.03 in intraday trade in interbank market
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Current account deficit hit ‘$17b’ mark last FY
Minister of state for finance tells Senate panel country will have gone bankrupt if IMF programme not taken
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Minister calls for export-led growth
Seminar discusses development journey of country
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Speakers call for structural reforms
Dr Aisha Ghaus says Pakistan should get rid of reliance on lenders