Express
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80% sick units paralyse key sectors | The Express Tribune
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[ad_1] KARACHI: The toll from over 80% of sick units has significantly impacted all key sectors nationwide. The escalating closures of these units have left millions of skilled and semi-skilled workers, along with professionals, jobless due to the high costs of doing business, including steep gas and electricity tariffs. The proliferation of sick units has…
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Experts push for specialised farming | The Express Tribune
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[ad_1] KARACHI: Livestock experts have called for specialised farming for animals, including goats, sheep, lambs, and cows, aimed at promoting the export of live animals and meat, as the country possesses excellent potential. They stressed the need for promoting all three types of animal farming: range farming, intensive farming, and semi-intensive farming, as well as…
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Iraq’s oil and gas attracts Chinese firms | The Express Tribune
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[ad_1] BAGHDAD: Iraq was holding an oil and gas licensing round for 29 projects on Saturday in a bid to develop its huge gas reservoirs to help power the country and lure billions of dollars in investments. The exploration blocks are spread across 12 governorates in central, southern and western Iraq and for the first…
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Douyin Pak Pavilion launches in Shanghai | The Express Tribune
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[ad_1] BEIJING: With the strong support of the Shanghai Municipal Commission of Commerce, Douyin Pakistan Merchandise Official Pavillon held a grand opening ceremony in Shanghai, China. The event marks the beginning of a new cooperation journey between Douyin and its partners, such as the Shanghai Live Stream E-commerce Alliance, Shanghai Silk Road Selection Alliance, and…
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Profitable SOEs erased from sell-off list | The Express Tribune
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[ad_1] ISLAMABAD: Deputy Prime Minister Ishaq Dar on Friday gave directives to remove seven profitable companies, placed at the disposal of Pakistan Sovereign Wealth Fund, from the privatisation plan but included Roosevelt Hotel, New York in the active privatisation list. Dar in his capacity as chairman of the Cabinet Committee on Privatisation (CCOP) did not…
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Fly Jinnah starts flights to Muscat | The Express Tribune
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[ad_1] KARACHI: Pakistan’s cheapest airline Fly Jinnah on Friday started its non-stop flight between the Islamabad International Airport and the Muscat International Airport. Some 172 passengers departed through Fly Jinnah’s first flight to Oman. Upon arrival at the Muscat Airport, the flight was greeted with the traditional aviation water cannon salute. Every week two flights…
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Downside risks for Pakistan remain exceptionally high: IMF | The Express Tribune
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[ad_1] Downside risks for the economy remain exceptionally high, the International Monetary Fund (IMF) said on Friday, in its staff report, ahead of government talks with the fund on a longer-term programme. An International Monetary Fund mission is expected to visit Pakistan this month to discuss a new programme, ahead of Islamabad beginning its annual…
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Fly Jinnah launches Islamabad-Muscat flights today | The Express Tribune
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[ad_1] KARACHI: Fly Jinnah is launching flights for its new international route between Islamabad and Muscat in Oman on Friday (today). Before the departure of the maiden flight, a special cake-cutting ceremony will be held in the lounge of Islamabad Airport, which will be attended by the representatives of the Civil Aviation Authority (CAA), airport…
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April remittances reach $2.8 billion, second highest in FY23-24 | The Express Tribune
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[ad_1] KARACHI: Pakistan received the second-highest workers’ remittances of the ongoing fiscal year 2023-24 at $2.8 billion in April 2024, contributing to the improvement of the country’s foreign exchange reserves and supporting stable rupee-dollar parity. The State Bank of Pakistan (SBP) reported that workers’ remittances increased by 3.5% to $23.8 billion cumulatively in the first…
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PSO proposes swapping debt for stake in public sector companies | The Express Tribune
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[ad_1] KARACHI: Pakistan State Oil (PSO), the country’s largest oil marketer, says it is in talks with the government on a plan to acquire stakes in public sector energy companies and offset mounting debt it is owed by firms such as Pakistan International Airline (PIA). Stopping the pile-up of unresolved debt across Pakistan’s power sector,…
