Express
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Oil breaches $100 for first time since 2014 on Ukraine attacks | The Express Tribune
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[ad_1] BEIJING: Oil breached $100 a barrel for the first time since 2014 on Thursday as Russia moved troops into Ukraine, sparking concerns that a war in Europe could disrupt global energy supplies. Russia has launched a full-scale invasion of Ukraine and is targeting cities with weapons strikes, Foreign Minister Dmytro Kuleba said in a…
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OGRA chief hints at further hike in oil prices | The Express Tribune
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[ad_1] ISLAMABAD: The National Assembly Standing Committee on Petroleum was informed on Wednesday that the prices of petroleum products might increase in the country because of unprecedented hike in the world oil prices, while two tenders for import of liquefied natural gas (LNG) were cancelled. Members of the committee, which met here with Imran Khattak…
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6% growth rate by 2025 targeted | The Express Tribune
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[ad_1] ISLAMABAD: The government has finalised a China-centric and tradable sectors-focused three-year economic growth strategy to achieve an average growth rate of 5.9% and per capita income of over $2,100 by 2025. The Planning Commission has shared the broader contours of the draft economic growth strategy with Prime Minister Imran Khan. The draft strategy will…
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Industrialisation to create jobs, boost exports | The Express Tribune
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[ad_1] ISLAMABAD: The government is paying special attention to promoting industrialisation to create employment opportunities and enhance exports, said Prime Minister Imran Khan. Chairing a meeting on Wednesday to discuss the planning framework for national development and systemic reforms, the prime minister said it was for the first time that the government had opted for…
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Govt allows import of cranes for wind farm | The Express Tribune
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[ad_1] ISLAMABAD: The government, almost after one year, has finally given one-time import permission to Tricom Wind Power (Private) Limited, which is engaged in setting up a 50-megawatt wind farm in Sindh. In this regard, the government has relaxed the Import Policy Order (IPO) 2020 for temporary importing truck-mounted cranes for the wind power generation…
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NEPRA rejects Rs28b collection from consumers | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday rejected a request of power distribution companies for the transfer of Rs28 billion burden to power consumers on account of quarterly adjustments and asked the petitioner to resubmit the data. At a public hearing of a petition pertaining to the quarterly power purchase price…
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Fishermen end protest at Karachi Port | The Express Tribune
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[ad_1] KARACHI: Fishermen have called off a protest following successful negotiations with the Ministry of Maritime Affairs on Wednesday which paved the way for the shipping activity on Karachi Port to resume. Earlier, owing to the failure of talks with the Ministry of Maritime Affairs, the fishing community had anchored more than 2,000 boats to…
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Foreign debt peaks to $13b in Jul-Jan | The Express Tribune
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[ad_1] ISLAMABAD: The government received over $13 billion in foreign loans during the first seven months of current fiscal year, an increase of 70% over the same period of previous year, with no immediate respite in sight from growing indebtedness of Pakistan. The Ministry of Economic Affairs reported on Wednesday that it booked gross foreign…
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‘Livestock can become billion-dollar industry’ | The Express Tribune
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[ad_1] KARACHI: The government is taking steps to enhance the production of milk and meat to make dairy, livestock and poultry sectors a success story, said Punjab Minister for Livestock and Dairy Development Sardar Hasnain Bahadur Dreshak. Speaking to participants of ‘Public-Private Dialogue on Livestock, Dairy and Poultry Sectors’ on Wednesday, the minister said that…
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OGDC’s profit surges 87% to Rs35.3b | The Express Tribune
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[ad_1] KARACHI: Oil and Gas Development Company’s (OGDC) profit after tax soared 87% to Rs35.3 billion in October-December 2021 owing to an exponential surge in other income. According to a notice sent to the Pakistan Stock Exchange, the oil and gas exploration firm had reported a profit of Rs18.9 billion in the same period of…
