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‘Pakistan faces $30b loss after floods’ | The Express Tribune
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ISLAMABAD: Federal Minister for Planning, Development & Special Initiatives, Ahsan Iqbal, chaired the fourth meeting of the Policy and Strategy Committee (PSC) and the Oversight Board on Post-Flood Reconstruction Activities. The meeting, held in Islamabad, reviewed the progress of ongoing…
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Foxconn faces scrutiny over hiring practices in India | The Express Tribune
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NEW DELHI: Foxconn’s chairman, Young Liu, defended the company’s hiring practices on Saturday after reports emerged that the Apple supplier rejects married women for iPhone assembly jobs in India. This response came following a Reuters investigation that led the Indian…
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Agriculture sector faces funding shortfall in Budget 2024-25 | The Express Tribune
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LAHORE: The saviour of Pakistan’s economy for FY-24, the agriculture sector, only managed to attract Rs5 billion for the next fiscal year from the incumbent government. During his budget speech on Wednesday, Finance Minister Muhammad Aurangzeb stated that agriculture is…
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Power sector faces Rs560b in losses | The Express Tribune
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ISLAMABAD: Federal Minister for Energy Sardar Awais Leghari said on Thursday that the country would face Rs560 billion in losses in the power sector by the end of June this year. He mentioned that Rs200 billion are billed in the…
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SBP faces dilemma over interest rate | The Express Tribune
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KARACHI: Pakistan’s central bank is scheduled to meet on Monday to determine the benchmark interest rate for the next six weeks. It will be a highly tricky meeting with almost half of the financial experts and key investors betting on…
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Pakistan faces default risks sans IMF deal: Fitch
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Board outside International Monetary Fund (IMF). —AFP Amid prevailing political uncertainty following the February 8 general elections marred by rigging allegations, Fitch Ratings has highlighted the default risks that Pakistan faces if it fails to secure the next bailout package…
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Smartphone scheme faces opposition | The Express Tribune
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ISLAMABAD: Cabinet members and two telecom operators have opposed the scheme of providing smartphones to the public on easy instalments. The issue was taken up in a meeting of the cabinet held last month by the Ministry of Information Technology…
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China faces worst economic slump since 1990 amid stalled recovery
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A view of a street in China. — AFP/File China’s economy, as per official figures released on Wednesday, experienced one of the lowest growth rates in over three decades last year, with the country’s challenging economic condition attributed to a…
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Govt faces IMF delay over bill crisis | The Express Tribune
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ISLAMABAD: The International Monetary Fund (IMF) on Tuesday did not immediately approve Pakistan’s request for recovering August’s electricity bills over a period of six months amid raging protests in many parts of the country that continued for the fifth day…
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Power sector faces Rs470b loss | The Express Tribune
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ISLAMABAD: During a parliamentary committee meeting on Tuesday, it was revealed that the power sector in Pakistan has incurred a staggering loss of Rs470 billion due to a lack of cooperation from the provinces. The meeting, presided over by Senator…
