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Oil dips on report of US-Venezuela deal | The Express Tribune
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[ad_1] HOUSTON: Oil futures fell on Monday on a report the US and Venezuela could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set, while traders see the Israel-Hamas conflict not affecting crude supplies in the short term. Brent futures were down 59 cents, or 0.67%, at $90.27…
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Iran seeks extension in gas pipeline deal | The Express Tribune
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[ad_1] ISLAMABAD: As the threat of billions of dollars in penalty looms, Iran has asked Pakistan to extend their gas pipeline deal to keep the project alive in future. Pakistan and Iran have not been able to execute the Iran-Pakistan (IP) gas pipeline project because of longstanding US sanctions against Tehran over the latter’s alleged…
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Call of Duty: Microsoft takes new shot at Activision Blizzard deal
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[ad_1] A person plays ‘Call of Duty’ on a mobile phone at the Gamescom video game fair in Cologne, Germany. — AFP/File After the rejection of a previous version of the transaction, tech giant Microsoft has submitted a new plan to Britain’s competition watchdog to buy the Call of Duty creator, Activision Blizzard, officials said…
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‘Biggest trade deal’: UK joins trans-Pacific trading bloc
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[ad_1] A Union flag flies from a flagpole opposite the Elizabeth Tower, commonly reffered to as Big Ben, at the Houses of Parliament in central London. — AFP/File What the Britain called their “biggest trade deal” since Brexit, the UK government on Sunday formally signed a pact to join the Comprehensive and Progressive Agreement for…
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Pakistan gets LNG shipment offer as IMF deal bears fruit
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[ad_1] A file photo of a liquefied natural gas (LNG) tanker. — AFP In yet another major achievement after winning final approval to borrow $3 billion from the International Monetary Fund (IMF), energy crisis-hit Pakistan received liquefied natural gas (LNG) shipments offer for the first time in more than one year. Last month, Pakistan failed…
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Pakistan receives $1bn from UAE after IMF deal: Dar
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[ad_1] Finance Minister Ishaq Dar is addressing the media in this still taken from a video on July 12, Wednesday. — YouTube/GeoNews Pakistan has received $1 billion from the United Arab Emirates (UAE) days after clinching deal with the International Monetary Fund (IMF) on Stand-By Arrangement (SBA), Finance Mnister Ishaq announced on Wednesday. “We have…
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Potential Pak-Russia oil deal runs into hitches | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Russia are unlikely to strike a long-term oil supply deal as talks between the two sides have run into hitches. Sources told The Express Tribune that Pakistan and Russia had agreed that a special purpose vehicle (SPV) would be set up with the specific task of importing oil from Russia. However,…
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Fitch upgrades Pakistan’s rating to ‘CCC’ after IMF deal | The Express Tribune
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[ad_1] . Pakistan’s long-term foreign currency issuer default rating (IDR) received a boost as global rating agency Fitch upgraded it from ‘CCC-‘ to ‘CCC’ on Monday. The upgrade was attributed to enhanced external liquidity and improved funding conditions, which were a result of the recent staff-level agreement between Pakistan and the International Monetary Fund (IMF)…
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Dar briefs Blome about IMF deal | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar on Wednesday briefed US Ambassador Donald Blome about successfully reaching the staff-level agreement with the International Monetary Fund (IMF). According to a statement issued by the finance ministry, the discussion was made via phone call in a meeting between the US ambassador with the finance minister. The two exchanged views about…
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IMF deal charts path to economic recovery | The Express Tribune
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[ad_1] KARACHI: The new International Monetary Fund (IMF) loan programme of $3 billion has given an economic roadmap to Pakistan for a short-to-medium duration, covering three quarters of the current fiscal year, including the period of caretaker government ahead the next general elections scheduled for later this year. Experts believe that the lifeline, made available…
