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PSX crosses 104,500 mark as cooling inflation fuels rate cut optimism. Blogging Sole

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PSX crosses 104,500 mark as cooling inflation fuels rate cut optimism. Blogging Sole

A stockbroker attends a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP The rally progresses as investors gorge themselves on valuations. Analysts predict sustained growth with stabilized policies. November inflation figures exceeded official market forecasts. Stocks continued their explosive upward momentum Tuesday, building on Monday’s record gains … Read more

PM hopes for further cut in policy rate after ‘record fall’ in inflation Blogging Sole

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PM hopes for further cut in policy rate after ‘record fall’ in inflation Blogging Sole

Prime Minister Shehbaz Sharif chairs federal cabinet meeting on December 2, 2024. — PID Prime Minister Shehbaz Sharif welcomed a record fall in inflation to 4.9% after nearly six and a half years, expressing hope that the remarkable development will lead to further reductions in the policy rate. Exceeding official forecasts, inflation in Pakistan slowed … Read more

Cut or damaged submarine cables lead European countries to investigate possible sabotage Blogging Sole

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Two submarine cables carrying internet data at the bottom of the Baltic Sea have been damaged, European telecommunications companies said this week, drawing European governments attention to a possible Russian “hybrid war” targeting global communications infrastructure. On Wednesday, interest focused on a Chinese-flagged cargo ship called Yi Peng 3, which data provided by maritime tracking … Read more

Cut spending or unveil mini-budget, says IMF Pakistan Blogging Sole

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Cut spending or unveil mini-budget, says IMF Pakistan Blogging Sole

A representative image showing the seal of the International Monetary Fund (IMF) in Washington, DC, January 26, 2022. — AFP The IMF mission is in Islamabad from November 11 to 15. Finance Secretary, FBR chief begin first session with IMF. Revealing a mini-budget is a more viable option: official. ISLAMABAD: Finance Minister Mohammad Aurangzeb has … Read more

4,000 miners cut off supplies due to underground standoff linked to illegal mining in South Africa Blogging Sole

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Johannesburg — More than 4,000 miners in conflict with South African authorities over illegal mining activities were reported sick and growing weak on Thursday inside an abandoned mine shaft. South African police confirm that the partially decomposed body of a miner was brought to the surface from inside the Stilfontein mine in the country’s North … Read more