Category: Business

Finance minister sees IMF approval for $7 billion bailout package next month – SUCH TV

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The government in Islamabad has said it is making good progress with the International Monetary Fund (IMF) and hopes to get board approval in September for a new $7 billion loan programme. “We are making good progress with the IMF for Board approval in September,” Finance Minister Muhammad Aurangzeb said on Wednesday in a text…

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Kerala-Based Travel Services Operator Alhind Group Receives Nod to Start an Airline – News18

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Alhind Group is looking to start airline operations by the end of this year. Alhind Group is looking to start Alhind Air operations by the end of this year after receiving the Air Operator Certificate from the Directorate General of Civil Aviation (DGCA). Kerala-based travel services operator Alhind Group has received the Civil Aviation Ministry’s…

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Gold Boosts Returns And Lowers Risk, While Bitcoin Heightens Volatility: World Gold Council

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New Delhi: Gold consistently reduces portfolio volatility while improving returns, even with increased allocation. By simulating portfolio performance with varying allocations of gold (2.5 per cent to 10 per cent), it’s evident that the metal bolsters return without adding significant risk, according to World Gold Council. On the other hand, Bitcoin shows diminishing returns as…

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Boost for IAF’s fighter fleet! Sukhoi 30-MKI jets likely to get new engines in Rs 21,000 crore deal – Times of India

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Sukhoi 30-MKI fighter jets set for a boost! The Defence Ministry is looking to sign a deal worth approximately Rs 21,000 crore to procure jet engines for its Su 30MKI fighter fleet. Hindustan Aeronautics Limited (HAL) will manufacture the engines in India, starting from the raw material stage, to replace the ageing engines nearing the…

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The ‘superfood’ taking over fields in northern India

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Phool dev Shahni Phool dev Shahni makes a living harvesting makhana or lotus seeds Like his father and grandfather before him, Phool dev Shahni once made a living by diving to the bottom of 8ft-deep (2.4m), muddy ponds. “I used to dive in 7 to 8ft of water for hours a day – coming to…

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Debt soars to record Rs74.6 trillion | The Express Tribune

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ISLAMABAD: As Pakistan’s public and guaranteed debt has surged to a record Rs74.6 trillion by the end of June, a new report by the Finance Ministry assesses that in case of any new macroeconomic and fiscal shock the debt and financing needs would jump to unsustainable levels”. The Ministry of Finance’s Debt Sustainability Analysis report…

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NEPRA hikes electricity prices by Rs. 2.56 per unit – SUCH TV

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Electricity prices across Pakistan have been increased by Rs2.56 per unit for the month of June. The National Electric Power Regulatory Authority (NEPRA) issued the decision in response to a fuel adjustment request, raising electricity prices. The Central Power Purchasing Agency (CPPA) had initially requested an increase of Rs2.63 per unit, but NEPRA approved a…

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Unacademy CEO Picks $400 Burberry T-shirt For ‘No Appraisal’ Announcement Meeting – News18

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Published By: Business Desk Last Updated: August 06, 2024, 18:10 IST Purportedly dressed in a $400 (Rs 33,000 approx.) Burberry T-shirt, the CEO’s ironical appearance has everyone’s attention. Unacademy Announces ‘No Appraisals’ For Employees While the wave of layoffs continues to hit multiple industries, Unacademy, a major player in the Indian edtech sector, is not…

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SBI Customers Beware! Govt Issues Warning On New Scam Messages – Important Details Inside

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New Delhi: The government has issued a warning to State Bank of India (SBI) customers about a new fraudulent message circulating on social media. This scam involves a message claiming to be from SBI, instructing recipients to download an APK file to redeem reward points, according to the Fact Check Unit of the Press Information…

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How do interest rates affect inflation and mortgages?

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Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email The Bank of England is set to announce its decision on whether interest rates will be cut later today as experts say the decision is “on a knife-edge.” Some analysts are hoping the…

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