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OGRA recommends increase in oil prices

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended increase in petroleum products prices from August 01. The regulatory body has moved the summary to petroleum division to revise the prices of the oil products, Geo News reported. According

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US ‘pressure’ tactic on WTO will fail: China state media

BEIJING: A US threat to pull recognition of China´s “developing nation” status at the World Trade Organisation is a pressure tactic ahead of this week’s trade talks and is bound to fail, a commentary in state media said Monday. The

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Chinese Companies keen to invest in Pakistans textile sector

ISLAMABAD – Eight Chinese companies have evinced keen interest in making investments in Pakistan’s textile sector, the Radio Pakistan reported. The interest was shown when a delegation of eight leading Chinese textile companies led by Chairman Shanghai Yuanyi Industry Huang

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Three days Pakistani Mango festival kicks off in UAE

ISLAMABAD – A three-day Pakistani mango festival kicked off in UAE, displaying different varieties of high-quality mangoes such as Chaunsa, Sindhri, Anwar Ratol, and Langra to attract a large number of visitors. Different stalls have been set up, where different

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WEF President Appreciates Pakistans Measures for improving its energy situation

ISLAMABAD – World Economic Forum President Borge Brende on Thursday appreciated Pakistan’s measures to improve its energy situation and offered the WEF platform for effective propagation of the country’s renewable energy policy at international level. The WEF chief “praised the

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Us1 billion tranche for Pakistan to be released shortly says IMF Mission Chief

ISLAMABAD – International Monetary Fund Mission chief for Pakistan, Ernesto Ramirez-Rigo says IMF one billion dollars tranche for Pakistan would be released shortly, the Radio Pakistan reported. Talking to media, Ernesto said that releasing loan would help stabilize the economic

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Pakistan receives first tranche of 991.4mln under EFF

ISLAMABAD – The State Bank of Pakistan (SBP) received the first tranche of $991.4 million from the International Monetary Fund (IMF) under Extended Fund Facility (EFF) to help the country reduce economic vulnerabilities and generate sustainable and balanced growth. “The

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Saudi Rabia-starts oil supply to Pakistan on deferred payment.

ISLAMABAD – Pakistan will start receiving oil supplies from Saudi Arabia on deferred payments this month. According to a press release issued by Saudi embassy in Islamabad on Monday, Pakistan will start receiving monthly oil supplies worth 275 million dollars.

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pakistan can receive us $ 38 bn from its international partners in 3 years IMF

ISLAMABAD – The International Monetary Fund (IMF) supported program is expected to integrate broader support from multilateral and bilateral creditors in excess of US $ 38 billion over the programme period (39 months), which is crucial for Pakistan to meet

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Rupee gains 42 paisa against dollar

Citizens Voice Tv (Islamabad) After days of devaluation, an upward trend was seen in the rupee appreciation against the US dollar after rupee gained 42 paisa against the dollar. According to media reports, the dollar is being traded at Rs151.50

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