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Pakistan records sharpest drop in default risk among emerging markets
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[ad_1] A man walks with sacks of supplies on his shoulder to deliver to a nearby shop at a market in Karachi, June 11, 2024. — Reuters ISLAMABAD: Pakistan has topped global emerging markets in reducing sovereign default risk, marking…
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Many cities risk fuel shortage amid supply chain issues
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[ad_1] People wait for their turn to get fuel at a petrol station. — Reuters/File ISLAMABAD: The innumerable roadblocks and other preventive measures taken by the government against Pakistan Tehreek-e-Insaf’s (PTI) march towards Islamabad have hindered fuel supply across the…
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Millions at risk as govt plans closure of utility stores nationwide | The Express Tribune
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[ad_1] PAKISTAN: The federal government is moving towards closing utility stores nationwide, a move expected to severely impact millions of low-income families who have long relied on discounted essential goods. This follows the government’s decision to halt a Rs50 billion…
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Google antitrust ruling may pose $20 billion risk for Apple
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[ad_1] A women uses an iPhone mobile device as she passes a lighted Apple logo at the Apple store at Grand Central Terminal in New York City, US, April 14, 2023. — Reuters Apple’s lucrative deal with Google, could be…
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Elon Musk’s Tesla recalls over 125,000 vehicles amid increased injury risk
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[ad_1] Tesla once again recalls hundreds of vehicles to address malfunction. — Reuters/File Elon Musk’s Tesla is recalling 125,227 vehicles in the United States as a result of a malfunction in its seat belt warning system, the National Highway Traffic…
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NEPRA puts livelihoods at risk, say traders | The Express Tribune
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[ad_1] According to the data provided to Nepra, energy generation in June 2021 was recorded at 14,361.17 GWh. PHOTO: FILE KARACHI: The business community, distraught by the increasing cost of inputs, has appealed to the government to stop the National…
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Industries at risk as energy costs surge | The Express Tribune
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[ad_1] KARACHI: Rising gas and electricity tariffs threaten to shutter industries, drive up unemployment, and worsen inflation, lamented distressed industrialists. Speaking to The Express Tribune, President of the Federal B Area Association of Trade and Industry (FBATI), Syed Raza Hussain…
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Cybersecurity breach at NIFT puts national security at risk | The Express Tribune
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[ad_1] KARACHI: Pakistan’s national security has once again been compromised due to negligence at the National Institutional Facilitation Technologies (NIFT). Cyber attackers managed to breach the security of the cheque clearing institution, gaining unauthorised access to data and forcing the…
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Int’l airline operations at risk as Pakistan ‘freezing funds’
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[ad_1] Airline association urged governments to abide by international agreements. — AFP/File The global air transport body has urged countries, including Pakistan, to allow airlines to repatriate their profits, warning that “rapidly rising levels of blocked funds posing threat to…
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IMF agreement won’t lessen default risk: Miftah | The Express Tribune
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[ad_1] Former finance minister Miftah Ismail has stated that the risk of Pakistan defaulting would not be lessened even if an agreement with the International Monetary Fund (IMF) is reached. During an interview on Thursday with a private news channel, Miftah said that…
