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China to scrutinise bulk dollar purchases
BEIJING/SHANGHAI: China’s central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with…
BMW to invest $750m in UK plants
LONDON: BMW said on Monday it will invest 600 million pounds ($750 million) in its UK plants to take its Mini brand all-electric…
US, Vietnam talk business on Biden visit
HANOI: Executives at top US and Vietnamese firms in the semiconductor, tech and aviation sectors met on Monday seeking to forge…
Crackdown on smuggling stabilises sugar prices
ISLAMABAD: With the caretaker government launching a massive crackdown and showing ‘zero-tolerance’ towards smuggling and hoarding…
Sharp drop in worker remittances
KARACHI:
The inflow of workers’ remittances sent home by overseas Pakistanis through official channels remained low at $2.09…
Oil bonded warehouse policy’s impact on economy
ISLAMABAD: Recently, an oil bonded warehouse policy has been announced. This is one of the best and useful policies that one would…
In praise of smuggling!
ISLAMABAD: As a transaction of otherwise legal goods, smuggling is no different than trade, except that there is no government…
Will unwarranted rate increase solve problems?
KARACHI: The State Bank of Pakistan (SBP) is mulling over monetary policy decision this week. The economic contraction is so…
July interest payments surpass govt income
ISLAMABAD: Interest payments in July increased alarmingly to Rs537 billion, surpassing the federal government’s net income for the…
Dollar indexation worries NEPRA
ISLAMABAD:
The National Electric Power Regulatory Authority (Nepra) has voiced concerns over dollar indexation for solar power…