Category: 3. Business
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Oil edges up on China stimulus hopes, US inventory drop – Markets
LONDON: Oil edged higher on Thursday in thin holiday trade driven by hopes for additional fiscal stimulus in China, the world’s biggest oil importer, and supported by an industry report showing a decline in U.S. crude inventories. Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year,…
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Gold rates in Saudi Arabia; December 26, 2024
The rate of 24-karat gold in Saudi Arabia remained unchanged at 3,675 Saudi Riyals (SAR) per tola on Thursday, December 26, 2024. As reported by Forex.pk, the price for 10 grams of 24-karat gold in Saudi Arabia is SAR 3,154. Furthermore, the price for an ounce of gold is noted at SAR 9,810. It is…
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Sindh announces public holiday on December 27
The Sindh government has announced a public holiday on December 27, 2024, to mark the 17th death anniversary of former Prime Minister Benazir Bhutto Shaheed. According to an official notification, all public and private educational institutions across the province will remain closed. However, banks and financial institutions will continue to operate as per routine. The…
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Top 5% earners owe Rs 1.6 trillion in unpaid taxes, reveals FBR
In a significant revelation, the Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial disclosed that Pakistan’s top 5% of earners have an outstanding tax liability of Rs1.6 trillion. Speaking at a press conference alongside Finance Minister Senator Muhammad Aurangzeb and Minister of State for Finance Ali Pervaiz Malik, Langrial highlighted the government’s focus on…
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Babar Azam becomes third batter to score 4,000 runs in all formats
Pakistan’s experienced cricketer Babar Azam has become the third batter in the world to score 4,000 runs in all three formats of cricket. Babar achieved this milestone during the first Test match against South Africa. However, he was dismissed for 4 runs in the first innings. Read More: First Test: Pakistan loses four wickets for…
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Asia rice: Rupee plunge pulls Indian rice rates to 17-month low – Markets
Indian rice export prices extended declines to a 17-month low this week on depreciation in rupee to a record low, and demand remained muted in key hubs during the holiday period. Top exporter India’s 5% broken parboiled variety was quoted at $439-$445 per ton this week, down from the last week’s $440-$446. While, Indian 5%…
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US FDA proposes standardized testing to detect asbestos in talc
The US Food and Drug Administration is proposing that cosmetic products containing talc should be tested using standardized methods to detect asbestos, a potential contaminant, according to documents posted on the federal register on Thursday. WHY IT’S IMPORTANT Asbestos, a known human carcinogen, can be injurious to consumers if found in talc-containing cosmetic products as…
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PSO signs SPA with Azerbaijan’s SOCAR for petroleum product supply
Pakistan State Oil Company Limited (PSO), the country’s largest fuel marketing company, has announced the approval and execution of a Sale Purchase Agreement (SPA) with the State Oil Company of the Republic of Azerbaijan (SOCAR). The agreement aims to bolster the supply of petroleum products in Pakistan, reflecting deepening energy cooperation between the two nations.…
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PSX turns bearish, KSE-100 sheds over 1,991 points
KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed in a red zone on Thursday as analysts say that the ongoing security concerns at the borders are affecting investor sentiments, ARY News reported. KSE-100 shed 1,991.49 points, or negative 1.77 percent to settle at 110,423.32 points, from 112,414.81 points on the last…
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Briefing on the situation in and around Ukraine
Press Release: December 26,2024 Root Causes of the Conflict In 2014, with the active support of the US and the EU, an armed coup was staged in Kiev, bringing to power radical nationalist forces fully supervised by the West. Their task was to destroy a single historical, economic and spiritual space shared by Ukraine and…