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KARACHI:The rupee depreciated by around 1.12% or Rs1.75 in the inter-bank market on Tuesday and closed at Rs158.25.According to forex.pk, the rupee stood at Rs156.5 on Monday. The latest drop brings the two-day fall in the rupee value to 2.3% as it had been at Rs154.7 on Friday. The rupee has been volatile since Monday as foreigners have begun pulling out their investments from govt securities in Pakistan, remarked Forex Association of Pakistan President Mal
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nike air force homme ing to The Express Tribune. In addition to this, rumours are doing rounds in the market that the State Bank of Pakistan will slash the key policy rate next week, hence, investors have started pulling out their money. He pointed out that three-month treasury bills had started maturing and hence Pakistan had begun payments to the holders of those securities.Coronavirus challenge and Pakistan s exportsMoreover, he added that the global economy was
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LAHORE:How the agriculture sector performs in any given time period has a multiplier effect on not just Punjab s economy but also Pakistan s whole economy.Unfortunately, this sector under the previous governments had long suffered from neglect and ad hoc, reactionist interventions, which prioritised short-term growth, as compared to longer-term structural changes designed to address underlying problems with Punjab s agriculture sector.It is because of this neglect that today Punjab s agricult
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