The Truth International | Latest News Pakistan | Global News https://thetruthinternational.com/ An English language fortnightly magazine, covers politics, international relations, economy, investigative reports, sports, society, and entertainment Tue, 19 Dec 2023 02:57:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 https://thetruthinternational.com/wp-content/uploads/2020/09/cropped-sitesign-32x32.png The Truth International | Latest News Pakistan | Global News https://thetruthinternational.com/ 32 32 Pakistan initiates legal action in London Court against foreign companies that failed to deliver LNG https://thetruthinternational.com/economy/pakistan-initiates-legal-action-in-london-court-against-foreign-companies-that-failed-to-deliver-lng/ https://thetruthinternational.com/economy/pakistan-initiates-legal-action-in-london-court-against-foreign-companies-that-failed-to-deliver-lng/#respond Tue, 19 Dec 2023 02:56:45 +0000 https://thetruthinternational.com/?p=83990 ISLAMABAD: Pakistan initiated legal action against a foreign company in the London Court of International Arbitration for failing to fulfill an agreement to deliver a liquefied natural gas (LNG) cargo to the country, according to sources familiar with the matter. The court is anticipated to commence proceedings on Pakistan’s case in January, to be held […]

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]]> https://thetruthinternational.com/economy/pakistan-initiates-legal-action-in-london-court-against-foreign-companies-that-failed-to-deliver-lng/feed/ 0 China Takes the Lead in Foreign Direct Investment Inflows to Pakistan in November and 5MFY24 https://thetruthinternational.com/economy/china-takes-the-lead-in-foreign-direct-investment-inflows-to-pakistan-in-november-and-5mfy24/ https://thetruthinternational.com/economy/china-takes-the-lead-in-foreign-direct-investment-inflows-to-pakistan-in-november-and-5mfy24/#respond Mon, 18 Dec 2023 16:33:37 +0000 https://thetruthinternational.com/?p=83949 Foreign Direct Investment In November 2023, China emerged as the leading investor in Pakistan, contributing a net direct investment of $74.65 million, according to data from the State Bank of Pakistan (SBP). The United Kingdom and Hong Kong followed, investing $23.87 million and $22.65 million, respectively, during the same period. For the cumulative period of […]

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]]> https://thetruthinternational.com/economy/china-takes-the-lead-in-foreign-direct-investment-inflows-to-pakistan-in-november-and-5mfy24/feed/ 0 Dollar plunges below Rs 283 in the inter-bank trading in Pakistan https://thetruthinternational.com/economy/dollar-plunges-below-rs-283-in-the-inter-bank-trading-in-pakistan/ https://thetruthinternational.com/economy/dollar-plunges-below-rs-283-in-the-inter-bank-trading-in-pakistan/#respond Mon, 18 Dec 2023 07:14:49 +0000 https://thetruthinternational.com/?p=83903 ISLAMABAD: The US Dollar continued its downward trend on the first business day, dropping by 60 paisas against the Pakistani Rupee in the interbank market, stabilizing at Rs282.65. This consistent decline illustrates a pattern of the Dollar losing ground to the Rupee. In the past week, the local currency strengthened by 61 paisas, settling at […]

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]]> https://thetruthinternational.com/economy/dollar-plunges-below-rs-283-in-the-inter-bank-trading-in-pakistan/feed/ 0 Russian egg producers are under fire for price fixing: Pakistani dealers get a free hand as price hits Rs370/dozen https://thetruthinternational.com/economy/russian-egg-producers-are-under-fire-for-price-fixing-pakistani-dealers-get-a-free-hand-as-price-hits-rs370-dozen/ https://thetruthinternational.com/economy/russian-egg-producers-are-under-fire-for-price-fixing-pakistani-dealers-get-a-free-hand-as-price-hits-rs370-dozen/#respond Mon, 18 Dec 2023 05:47:03 +0000 https://thetruthinternational.com/?p=83808 Four Russian egg producers are under fire for alleged price fixing, as revealed by authorities on Friday. This development came on the heels of President Vladimir Putin’s public apology for the surging costs of this essential commodity. The Federal Anti-Monopoly Service (FAS) disclosed charges against two Crimea-based companies, annexed by Russia from Ukraine in 2014, […]

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]]> https://thetruthinternational.com/economy/russian-egg-producers-are-under-fire-for-price-fixing-pakistani-dealers-get-a-free-hand-as-price-hits-rs370-dozen/feed/ 0 Persistent Soaring Inflation Hits Six-Month High at 43.16% in Pakistan, Posing Economic Challenges https://thetruthinternational.com/economy/persistent-soaring-inflation-hits-six-month-high-at-43-16-in-pakistan-posing-economic-challenges/ https://thetruthinternational.com/economy/persistent-soaring-inflation-hits-six-month-high-at-43-16-in-pakistan-posing-economic-challenges/#respond Sat, 16 Dec 2023 10:13:00 +0000 https://thetruthinternational.com/?p=83690 In the week ending December 14, the weekly inflation rate in Pakistan remained at a six-month high of 43.16%, as per official data released on Friday. Soaring food prices, particularly in sugar, pulses, eggs, and rice, were the primary contributors to this inflation. The Sensitive Price Indicator (SPI) experienced a marginal decrease of 0.06% week-on-week, […]

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]]> https://thetruthinternational.com/economy/persistent-soaring-inflation-hits-six-month-high-at-43-16-in-pakistan-posing-economic-challenges/feed/ 0 IMF says it is not going to ask Pakistan to raise taxes on salaries https://thetruthinternational.com/economy/imf-says-it-is-not-going-to-ask-pakistan-to-raise-taxes-on-salaries/ https://thetruthinternational.com/economy/imf-says-it-is-not-going-to-ask-pakistan-to-raise-taxes-on-salaries/#respond Sat, 16 Dec 2023 05:45:54 +0000 https://thetruthinternational.com/?p=83674 ISLAMABAD: The IMF’s resident representative in Pakistan dismissed media claims suggesting plans for tax hikes on salaries and business income, as well as an increase in the petroleum levy threshold. Reports had circulated indicating the IMF’s supposed request to reduce tax slabs for salaried and business classes from seven to four, potentially impacting middle to […]

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]]> https://thetruthinternational.com/economy/imf-says-it-is-not-going-to-ask-pakistan-to-raise-taxes-on-salaries/feed/ 0 ECC approves signing of agreements with K-Electric and Govt entities https://thetruthinternational.com/economy/ecc-approves-signing-of-agreements-with-k-electric-and-govt-entities/ https://thetruthinternational.com/economy/ecc-approves-signing-of-agreements-with-k-electric-and-govt-entities/#respond Fri, 15 Dec 2023 09:21:17 +0000 https://thetruthinternational.com/?p=83590 ISLAMABAD: The Economic Coordination Committee (ECC) of the Federal Cabinet approved the signing of agreements with K-Electric and government entities. The Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar presided over a meeting of the Economic Coordination Committee (ECC) of the Cabinet on Friday. The meeting was attended by the Minister for […]

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]]> https://thetruthinternational.com/economy/ecc-approves-signing-of-agreements-with-k-electric-and-govt-entities/feed/ 0 Pakistan’s Foreign Reserves Experience Substantial Surge with Significant Increase https://thetruthinternational.com/economy/pakistans-foreign-reserves-experience-substantial-surge-with-significant-increase/ https://thetruthinternational.com/economy/pakistans-foreign-reserves-experience-substantial-surge-with-significant-increase/#respond Thu, 14 Dec 2023 19:23:45 +0000 https://thetruthinternational.com/?p=83515 Pakistan’s economic landscape received a welcomed boost this week with a modest yet significant increase of $21 million in foreign exchange reserves held by the State Bank of Pakistan (SBP), bringing the total reserves to $7.04 billion. This positive development injected a sense of optimism into a nation grappling with financial challenges. The country’s total […]

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]]> https://thetruthinternational.com/economy/pakistans-foreign-reserves-experience-substantial-surge-with-significant-increase/feed/ 0 PTCL acquires Telenor, terms the deal a game-changing leap in telecom sector https://thetruthinternational.com/economy/ptcl-acquires-telenor-terms-the-deal-a-game-changing-leap-in-telecom-sector/ https://thetruthinternational.com/economy/ptcl-acquires-telenor-terms-the-deal-a-game-changing-leap-in-telecom-sector/#respond Thu, 14 Dec 2023 11:03:13 +0000 https://thetruthinternational.com/?p=83492 Telenor Pakistan, with around 45 million subscribers and reported revenue of Rs112 billion in the last twelve months leading to September 2023, stands as a significant player in the mobile operator segment.

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]]> https://thetruthinternational.com/economy/ptcl-acquires-telenor-terms-the-deal-a-game-changing-leap-in-telecom-sector/feed/ 0 ECC Meeting Addresses K-Electric Agreements and Inflation Concerns in Deliberations https://thetruthinternational.com/economy/ecc-meeting-addresses-k-electric-agreements-and-inflation-concerns-in-deliberations/ https://thetruthinternational.com/economy/ecc-meeting-addresses-k-electric-agreements-and-inflation-concerns-in-deliberations/#respond Wed, 13 Dec 2023 19:07:32 +0000 https://thetruthinternational.com/?p=83435 ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, presided over by the Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar, held a meeting today. The attendees included Mr. Sami Saeed, the Minister of Planning, Development, and Special Initiatives, Mr. Fawad Hasan Fawad, the Minister for Privatization, Mr. Muhammad Ali, the Minister […]

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]]> https://thetruthinternational.com/economy/ecc-meeting-addresses-k-electric-agreements-and-inflation-concerns-in-deliberations/feed/ 0 The stock market crashes after SC allowed the trial of civilians in military courts https://thetruthinternational.com/economy/the-stock-market-crashes-after-sc-allowed-the-trial-of-civilians-in-military-courts/ https://thetruthinternational.com/economy/the-stock-market-crashes-after-sc-allowed-the-trial-of-civilians-in-military-courts/#respond Wed, 13 Dec 2023 09:53:02 +0000 https://thetruthinternational.com/?p=83365 ISLAMABAD: The Pakistani stock market crashed on Wednesday, a few minutes after the Supreme Court allowed the trial of civilians in the military courts. The KSE-100 index plunged by 1098 points during intra-day trading, at 2:40 pm. All this happened within a few minutes after the verdict of the Supreme Court. Another bad news was […]

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]]> https://thetruthinternational.com/economy/the-stock-market-crashes-after-sc-allowed-the-trial-of-civilians-in-military-courts/feed/ 0 Pakistan Stock Exchange KSE-100 Index Surpasses 67,000 Mark https://thetruthinternational.com/economy/pakistan-stock-exchange-kse-100-index-surpasses-67000-mark/ https://thetruthinternational.com/economy/pakistan-stock-exchange-kse-100-index-surpasses-67000-mark/#respond Wed, 13 Dec 2023 07:17:07 +0000 https://thetruthinternational.com/?p=83345 KSE-100 Index During early intraday trading on Wednesday, the Pakistan Stock Exchange achieved a significant milestone as the KSE-100 Index surpassed the 67,000 mark. This remarkable surge was propelled by local investors redirecting their focus towards stocks following a sustained decline in the property sector. The pivotal factor behind this surge was the State Bank […]

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