Pakistan
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Pakistan identifies $8.2b flood funding gap | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has identified a funding gap of $8.2 billion against the $16.3 billion total flood rehabilitation and reconstruction requirements — setting the goal for the international donors conference next month. The $8.2 billion gap appeared too large to be filled in the Geneva conference amid low response to the UN’s $816 million emergency…
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Price hike: Gold rate climbs to Rs178,800 per tola in Pakistan
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[ad_1] A photo of a jewellery shop in Kerala, India. — AFP/File Gold and silver prices jumped to new highs in Pakistan on Tuesday as the rupee lost further ground against the US dollar, prompted by a liquidity crunch that has forced an increase in safe-haven buying. According to All Pakistan Sarafa Gems and Jewellers Association, price…
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Pakistan to shut down wedding halls 10pm, markets at 8pm to save energy
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[ad_1] Information Minister Marriyum Aurangzeb, Defence Minister Khawaja Asif and Adviser to PM Qamar Zaman Kaira addressing a press conference after the federal cabinet meeting. — Screengrab/PTV ISLAMABAD: The government has announced its national energy-saving programme under which it has been decided that wedding halls will close by 10pm and markets at 8pm. Defence Minister…
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Gold peaks in Pakistan as investors shy away from risk amid political tensions
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[ad_1] An undated image of gold sets displayed at a jewellery store. — AFP/File Gold and silver prices climbed on Monday, with investor appetite for risk curbed by worries over political instability, dollar unavailability tensions and faltering economic growth. The price of gold surged by Rs2,200 per tola and Rs1,886 per 10 grams to settle…
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Pakistan to import gas from Azerbaijan | The Express Tribune
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[ad_1] ISLAMABAD: In order to cater to the rising energy demand during winter, the government has decided to import additional gas from Azerbaijan in next couple of months. Talking to a private TV channel, Minister of State for Petroleum Musadik Malik said that Pakistan would import 20,0000 tons of additional gas from Azerbaijan during the…
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Gold hits all-time high in Pakistan as economic woes spur buying frenzy
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[ad_1] — AFP Gold prices in Pakistan surged to a record high as people took refuge in the safe-haven metal on mounting concerns that the nation’s economic condition conditions will deteriorate further. For the first time in the history of Pakistan, per tola price surpassed the Rs172,000 mark. The prices surged by Rs800 per tola…
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Gold jumps to historic high in Pakistan as investors seek safe investment
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[ad_1] A representational image of gold bars. — AFP/File Gold prices reached historic highs as the rupee continued to lose ground against the dollar. The liquidity crunch has increased safe-haven buying in the local market. The price of precious metal recorded the same gains as yesterday that is an increase of Rs500 per tola and…
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Pakistan not ‘pursuing or receiving’ discounted energy from Russia: Bilawal
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[ad_1] Foreign Minister Bilawal Bhutto Zardari speaking during an interview on December 15, 2022. — YouTube screengrab/ PBS NewsHour Foreign Minister Bilawal Bhutto Zardari said that Pakistan is not “pursuing or receiving” any discounted energy from Russia, just a few days after his cabinet colleague had claimed that Pakistan is seeking oil at discounted rates from…
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Pakistan inks final deal for Reko Diq project | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Thursday inked the final deal with representatives of Barrick Gold and Antofagasta PLC in London for the revival of the Reko Diq project and the settlement of an $11 billion dispute. The development came after the government received a ‘favourable opinion’ from the Supreme Court on the settlement agreement and the…
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Gold hits new high of Rs170,900 per tola in Pakistan on safe-haven buying
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[ad_1] An image of gold necklace showcased in a jewellery shop. — AFP/File Amid constant depreciation of rupee against the US dollar, gold and silver continued to shined in Pakistan, rising to their all-time high levels on Wednesday. Gold prices registered a meagre gain of Rs100 per tola and Rs86 per 10 grams to settle…
