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Rupee hits five-month high against dollar as greenback falls to Rs163.20

Better foreign currency inflows and lower outflows due to declining imports and debt repayments have also bolstered the outlook for the local currency.

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Dollar inflows thru banking channels jump. Inflows of foreign exchange through banking channels remained high in September which may increase the remittances up to $2 billion, said bankers and money changers.

Hundreds of US companies join Tesla to challenge Trump’s trade war tariffs. Lawsuits against the Trump administration have piled up over the last fortnight as some 3,500 American firms, including auto majors, retailers and pharmacies, were reported to challenge US tariffs on billions of Chinese goods.

Oil prices hit $11 for first time in 21st century. A gruesome combination of crumbling demand for crude and global storage filled to its brim has pushed oil prices to levels not seen in over two decades.

Chairman Fauji Cement resigns. Fauji Cement Company Limited on Friday announced that Lt Gen Tariq Gilani will no longer serve as Director and Chairman of the Company, reports Pakistan's leading business daily Business Recorder.

Electric vehicles on Pakistani roads? Experts fear that government policy may allow influential politicians to import personal vehicles at nominal duty instead of nuch needed public sector pubic transport.

India will replace Malaysian palm oil imports, says trade body Malaysian Prime Minister Mahathir Mohamad last month told the United Nations that India “invaded and occupied” Kashmir.

Google deals Huawei major blow by cutting Android license. Google is set to revoke access to its Android mobile operating system from Huawei, dealing the Chinese company a major blow in accordance with US sanctions.

Nestle cuts hundreds of Pakistan staff amid global restructure. In Nestle Pakistan’s annual report released last month, the Lahore-based company said that it faced “increasingly difficult economic conditions and competitive pressures.

Pakistan's economy witness significant increase, Forbes. Pakistan's economy has witnessed significant increase during the recent years, claimed a leading international magazine Forbes.

S&P cuts Pakistan's credit rating to 'B-' from 'B'; keeps stable outlook S&P Global Ratings on Monday lowered Pakistan's sovereign credit rating one notch to 'B-' from 'B', citing diminished growth prospects and elevated external and fiscal stresses.

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Bloomberg Businessweek exposes racial divide at Amazon! Within the city limits, Amazon appears to have a bias against black neighbour hood.

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