Ixoe UN curbs cloud hopes for Iran power deal
KARACHI:The rupee ended steady at 106.4/106.6 against the dollar, according to data maintained by forex.com.pk. Heavy debt repayments to the IMF have been putting a dent in the central bank s res
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erves, which have declined nearly 20% in the current fiscal
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year, putting pressure on the rupee. The last IMF repayment of $164 million was made on September 27, 2013. Overseas Pakistanis sent ho
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me a record $13.920 billion in the previous fiscal year (July 2012-June 2013), showing growth of 5.56% or $733.64 million compared with $13.187 billion a year earlier. Monthly average of remittances for July-May this fiscal year came to $1.16 billion compared to $1.097 billion in the same period a year ago.Published in The Express Tribune, November 2nd, 2013. Like聽Business on Facebook, follow @TribuneBiz聽on Twitter to stay informed and join in the conversation. NEW YORK:The United States has returned to Pakistan more than 100 antiquities recovered from Indian-American art smuggler Subhash Kapoor, New York prosecutors announced Thursday.Kapoor was convicted in India last week of stealing ancient religious idols and trafficking them to his art gallery in Manhattan. He was sentenced to 13 years in prison.Kapoor, also wanted by American authorities, was the subject of a massive US federal investigation known as Operation Hidden Id
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ol.The Manhattan District Attorney 39;s office indicted him in 2020 and have requested his extradition from India.New York returned 192 antiquities to Islamabad valued at almost $3.4 million, Manhattan DA Alvin Bragg said in a statement.Some
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187 of the artifacts were seized in relation to the investigation
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of Kapoor, Bragg added.The returned items include a Gandhara statue depicting Maitreya, the enlightened Buddha, and Mehrgarh figures dating to around 3500-2600 BC that were looted from a Neolithic archaeological site