Express
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Hub industrialists seek energy supply | The Express Tribune
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[ad_1] KARACHI: Industrialists in Hub, Balochistan, are urging both the provincial and federal governments to address critical issues affecting the Hub Industrial and Trading Estate (HITE). The industrialists emphasise the need for consistent gas supply with proper pressure, improved road connectivity between Karachi and Hub, and the urgent rehabilitation of the deteriorating infrastructure in the…
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160 high-end electric buses delivered by China | The Express Tribune
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[ad_1] SUZHOU: In a landmark move, Suzhou Higer recently held the delivery ceremony for 160 high-end pure electric buses exported to Pakistan, marking the first substantial introduction of pure electric buses in the country. The order, valued at over RMB 150 million, signifies a pivotal step towards green and sustainable public transportation in Pakistan. Dignitaries,…
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Pakistan to shine at Heimtextil 2024 trade fair | The Express Tribune
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[ad_1] KARACHI: Pakistan, renowned for its rich textile heritage, is gearing up for a groundbreaking opportunity as it prepares to participate in Heimtextil 2024. With a focus on maximising home textiles exports, Pakistan’s presence at this prestigious international trade fair promises to elevate the nation’s position in the global market. Amidst a wave of anticipation…
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Rs908b added to public debt in Nov | The Express Tribune
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[ad_1] ISLAMABAD: The interim government added Rs908 billion to public debt in November alone – the third-highest increase in a single month in this fiscal year, largely due to increased expenditures, pushing its overall debt to Rs63.4 trillion. The State Bank of Pakistan (SBP) reported on Friday that the federal government’s debt increased to Rs63.8…
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Rupee hits 10-week high against US dollar | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee strengthened to almost Rs281.50 against the US dollar, achieving a 10-week high in the interbank market on Friday. The uptrend continued for the third consecutive working day, with a notable boost in foreign currency inflows contributing to the positive momentum. State Bank of Pakistan (SBP) data revealed a 0.10% increase,…
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PayPal enters Pakistan via strategic partnership | The Express Tribune
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[ad_1] ISLAMABAD: PayPal is set to establish its presence in Pakistan through a strategic partnership with an existing international payment gateway, catering to freelancers and IT professionals. The joint venture announcement is expected next week. Caretaker Minister for IT and Telecom, Dr Umar Saif, stated that PayPal will operate indirectly in Pakistan through this collaboration,…
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Rs150b needed for better services | The Express Tribune
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[ad_1] ISLAMABAD: In order to improve Pakistan’s governance indicators, the Planning Commission has estimated that Rs150 billion will be required under the new five-year economic plan for better service delivery and beating the South Asian nations. The draft of an official plan underlined that the lack of accountability and transparency at all levels of the…
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Analysts urge politicians to draw up economic stability plans | The Express Tribune
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[ad_1] KARACHI: Analysts and market pundits have described 2024 as the most volatile year locally and globally because of elections, energy crises, tough conditionalities of the International Monetary Fund (IMF) programme, and the lack of clear directions from the upcoming government to address prevailing challenges. They said all local mainstream political parties contesting the general…
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Rupee continues upward trajectory | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency continued its upward trajectory, reaching a two-month high at slightly over Rs281.50 against the US dollar in the interbank market on Thursday. This marks the second successive working day of gains, supported by the government’s commitment to crack down on currency smugglers and hoarders. According to the State Bank of…
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Ministries violate cabinet directive | The Express Tribune
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[ad_1] ISLAMABAD: The interim government has violated a decision of the federal cabinet, failing to recover approximately Rs95 billion from publicly-owned power sector companies. Instead, it released Rs131 billion without first deducting its receivables. This failure by two ministries to implement the cabinet’s decision has resulted in a higher level of budget deficit for the…
