Express
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Rupee to range between 297 and 321 per dollar by June-end | The Express Tribune
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[ad_1] KARACHI: Pakistani currency is projected to depreciate 5-12% over the next six months to somewhere between Rs297 and Rs321 to a dollar in the inter-bank market by the end of current fiscal year on June 30, 2024. The forecast comes on the back of a potential uptick in demand for the greenback to pay…
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Will Pakistan oscillate between despair and hope this year? | The Express Tribune
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[ad_1] ISLAMABAD: As 2023 draws to a close, it has left behind a mix of despair and hope. The economy had teetered on the brink of default but was then propped up with life support. The future of 242 million people now hinges on the anticipation of a return to political and economic stability at…
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Maersk to resume operations in Red Sea | The Express Tribune
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[ad_1] WASHINGTON: Denmark’s Maersk is preparing to resume shipping operations in the Red Sea and the Gulf of Aden, the company said on Sunday, citing the deployment of a US-led military operation designed to ensure the safety of commerce in the area. The shipping giant paused sending vessels through the Bab el-Mandeb strait earlier in…
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Fertiliser shortage grips Sindh during sowing season | The Express Tribune
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[ad_1] KARACHI: Distressed growers in Sindh are grappling with a severe shortage of fertilisers, significantly impacting wheat sowing and vegetable cultivation. The scarcity, if not promptly addressed, could escalate into a looming threat to food security, warn dismayed farmers. Growers are urging authorities to take immediate action to ensure the uninterrupted availability of fertilisers in…
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COP28: climate finance needs | The Express Tribune
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[ad_1] ISLAMABAD: COP28 climate talks have ended with so much discussion and debate and have some useful conclusions. But it all requires finance. Things do not work out by just words. I wish if the financial zeal to allocate and spend money had been as strong as the discussion has been. Unfortunately, this has not…
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Youth digital empowerment | The Express Tribune
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[ad_1] KARACHI: Digital literacy is the ability to understand and use digital tools and technologies. This can be as basic as writing a report or article on Microsoft Word, but today we often take it to mean the ability to use and manipulate software and hardware to suit our needs. Essentially, this could be application…
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China allocates $140b for public investment | The Express Tribune
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[ad_1] SHANGHAI: China’s top planning body said on Saturday it had identified a second batch of public investment projects, including flood control and disaster relief programmes, under a bond issuance and investment plan announced in October to boost the economy. With the latest tranche, China has now earmarked more than 800 billion yuan of its…
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Nigeria lifts ban on crypto trading | The Express Tribune
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[ad_1] LAGOS: Nigeria’s central bank has lifted a ban on transacting in cryptocurrencies, while saying global trends had shown a need to regulate such activities, the bank said in its latest circular. The Central Bank of Nigeria (CBN) in February 2021 barred banks and financial institutions from dealing in or facilitating transactions in crypto assets,…
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Local production of electric bikes urged | The Express Tribune
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[ad_1] KARACHI: Bike assemblers and dealers are urging the government to formulate a policy on the localisation of Electric Vehicle (EV) motorbikes. They emphasise the need for attractive incentives to encourage e-bike companies to focus on “Make in Pakistan” electric scooters instead of importing 100% Completely Knocked Down (CKD) units. The aim is to provide…
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LUMS energy report sheds light on inefficient practices | The Express Tribune
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[ad_1] LAHORE: In a significant development, the Lahore University of Management Sciences’ (LUMS) Energy Institute (LEI) has released a pioneering report titled “Sustainable Architecture: Advancing Energy Efficient Buildings.” The report, presented at a ceremony attended by policymakers, regulatory bodies, and key stakeholders, addresses Pakistan’s pressing energy challenges and proposes innovative solutions for the construction sector.…
