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Thai baht/US dollar little changed on Thursday
BANGKOK: The Thai baht was steady against the US dollar on Thursday. At 0214 GMT, the baht was 0.08% higher at 33.60 versus the dollar, after trading in a range of 33.610 to 33.660.
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India's central bank likely intervened near open to support rupee, traders say
MUMBAI: The Reserve Bank of India likely sold dollars near the market open on Thursday to support the rupee, four traders said, with the currency within striking distance of its all-time low.
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Imported Almonds to Get More Expensive in Pakistan
The Federal Board of Revenue (FBR) has raised the customs value of imported shelled almonds to $3.81 per kilogram and
ProPakistaniIndian shares poised for muted start, TCS kicks off earnings season
Indian shares were likely to open slightly lower on Thursday , extending losses from the previous session after the central bank delivered a hawkish rate hike, while rising oil prices added to…
Business RecorderRs11.56m fines imposed for overcharging, hoarding
LAHORE: The Punjab Food Safety and Consumer Protection Department and its price control magistrates conducted 433,511 inspections across Punjab during the last one week in a bid to nab the…
Business RecorderAsia shares subdued, bonds swamped by AI debt wave
SYDNEY: Asian shares slipped on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for…
Business RecorderDollar edges back from 18-month high after FOMC minutes
SINGAPORE: The dollar held near its strongest level in a year-and-a-half in subdued trading at the start of the Asian session on Thursday, after hawkish minutes from the Federal Open Market…
Business RecorderMariam Kayani made adviser to IMF ED
ISLAMABAD: The government on Wednesday appointed Mariam Kayani, a BPS-20 officer of Pakistan Administrative Service (PAS), as adviser to the executive director (ED) of the International Monetary…
Business RecorderUnrecovered VAT can push input cost up by 8.9pc: IMF study
ISLAMABAD: The International Monetary Fund (IMF) has highlighted significant distortions in tax systems that affect key economic decisions, noting that unrecovered value-added tax (VAT) can raise…
Business RecorderFBR imposes new conditions on units seeking tax credit
ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday imposed new conditions and restrictions on units intended to claim tax credit for integration with the Board’s systems, according to a…
Business RecorderPower sector: Govt has moved to overhaul regulatory regime: Aurangzeb
ISLAMABAD: The government has moved to overhaul the power sector regulatory regime amid growing solarisation, falling grid demand and mounting legacy capacity obligations, with Finance Minister…
Business RecorderCotton output target for Kharif missed
ISLAMABAD: The country has missed the cotton production target for the Kharif 2026-27 season, as the estimated production of the commodity is 6.7 million bales from an area of 1.75 million hectares…
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