Tribune
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Govt foresees 5% GDP growth in FY22 | The Express Tribune
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[ad_1] KARACHI: Inflation has become a global challenge and the US, UK, European Union and all emerging markets are currently facing the highest inflation in the last three decades, said the Finance Division while responding to criticism over the state of Pakistan’s economy. “Pakistan’s economy is also facing inflation headwinds due to record high international…
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Gwadar Free Zone phase-II set in motion | The Express Tribune
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[ad_1] BEIJING: In a major development, Gwadar Free Zone (phase-II) goes into formal action in true letter and spirit after the initiation of land allocation process and soil testing rolled out by registered companies. Gwadar Free Zone (phase-I) is already completed and functional. The get-going makes a headway within 32 weeks after Pakistan Prime Minister…
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Businesses embrace cloud technology to boost profit | The Express Tribune
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[ad_1] KARACHI: Businesses in Pakistan are rapidly adopting cloud technology as they see it as a way to accelerate business activities and inflate profits while consuming minimal resources. To have a clearer picture of the technological revolution, The Express Tribune reached out to Oracle Senior Director and Head Cloud Platform Group in Pakistan and Afghanistan…
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Inflation likely to slip further | The Express Tribune
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[ad_1] KARACHI: The latest jump in cut-off yields on 3-12 months sovereign papers – T-bills – suggests that the benchmark interest rate and inflation reading are close to “peaking out” and economic activities are bound to gain momentum in Pakistan. The cut-off yields on 3-12 months T-bills stood higher compared to the longer-tenure papers like…
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Fertiliser shortage imperils world food supply | The Express Tribune
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[ad_1] CHICAGO: Sky-high fertiliser prices have farmers worldwide scaling back its use and reducing the amount of land they’re planting, fallout from the Ukraine-Russia conflict that has some agricultural industry veterans warning of food shortages. Western sanctions on Russia, a major exporter of potash, ammonia, urea and other soil nutrients, have disrupted shipments of those…
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Oil jumps 5% as pipeline disruption adds to supply fears | The Express Tribune
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[ad_1] LONDON/NEW YORK: Oil prices jumped 5% to over $121 a barrel on Wednesday as a weather-related disruption to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies. Brent crude futures were up $5.95, or 5.1%, at $121.43 a barrel as of 12:01 PM EDT…
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Expert laments low cocoon production | The Express Tribune
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[ad_1] HYDERABAD: Cocoon production in Pakistan is extremely low and the annual demand of the country for 750 tons of cocoon is met through imports from China, Iran and Central Asian states, said Sindh Agriculture University (SAU) Sub Campus Umerkot Professor Dr Abdullah Arijo. Addressing a seminar on sericulture on Wednesday, he said that in…
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ML-I upgradation is of great significance to Pakistan | The Express Tribune
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[ad_1] BEIJING: On March 17, China and Pakistan agreed to execute the mega ML-1 railway up-gradation project under the framework of China-Pakistan Economic Corridor (CPEC) on a priority basis. This is a major development and also the implementation of the important consensus of Prime Minister Imran Khan’s meeting with Chinese top leaders during his recent…
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GEPCO seeks non-technical CEO | The Express Tribune
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[ad_1] LAHORE: The engineers of Gujranwala Electric Power Company (Gepco) are anticipating a bleak career outlook as they fear that they may have to serve a non-technical chief executive officer (CEO) of the distribution company. According to the Gepco Engineers and Officers Association, the board of directors of the distribution company had introduced a unique…
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Oil jumps in volatile trade amid CPC pipeline disruption | The Express Tribune
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[ad_1] LONDON: Oil prices rose in volatile trading on Wednesday, supported by disruption to Russian and Kazakh crude exports via the CPC pipeline. Brent crude futures were up $5.16, or 4.5%, at $120.64 a barrel at 1335 GMT. Prices had earlier fallen to a low of $114.45. US West Texas Intermediate (WTI) crude futures rose…
