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Pakistan Railways Successfully Auctions 125 Badami Bagh Warehouses
Pakistan Railways Successfully Auctions 125 Badami Bagh Warehouses; Annual Revenue Records Massive 358 Percent Increase LAHORE: In a major financial turnaround, Pakistan Railways has successfully auctioned 125 warehouses located in Lahore’s commercial hub of Badami Bagh, significantly boosting the national transporter’s non-fare revenue streams. According to official figures released following the bidding process, the successful…
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Gold Prices Register Sharp Decline Across Global and Local Markets After a Brief Rebound
Gold Prices Register Significant Decline Across Local and International Markets After Brief Rebound; Per Tola Rate Drops to Rs438,636 KARACHI: Reversing course following a brief upward correction, precious metal prices recorded a sharp decline across both domestic and international markets. According to data released by the All Pakistan Sarafa Association, the price of 24-karat gold…
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Prime Minister Shehbaz Sharif Terms Export Industry Performance Unsatisfactory
Prime Minister Shehbaz Sharif Declares Export Industry Performance Unsatisfactory; Praises Field Marshal Asim Munir’s Unprecedented Commitment KARACHI: Overall performance of the country’s export industry is not satisfactory, and Prime Minister Shehbaz Sharif has been vocal about it, asserting that the industry has failed to produce the expected growth despite decades of tremendous investment and subsidies…
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Pakistan’s Economy Moving Toward Recovery After Stability, High Global Oil Prices Remain a Key Challenge: Finance Ministry
Pakistan’s Economy Moving Toward Recovery After Achieving Stability, States Ministry of Finance Outlook Report ISLAMABAD: The national economy is gradually moving from the stability phase to a sustainable recovery, despite the high price of oil in the international market, the Ministry of Finance said in its economic outlook report for the month. The official report…
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Gold Prices Surge Again After Brief Decline
Gold Prices Register Sharp Rebound in Local and International Markets; Per Tola Rate Jumps to Rs441,636 KARACHI:The precious metal prices, after a small pullback on previous two days, picked up a sharp turnaround on both domestic and international trading platforms. The price of 24-karat gold has jumped Rs4,300 in the domestic market, to Rs441,636 per…
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Sales Tax on Electricity Further Tightened for Steel Industry
Sales Tax on Electricity Further Tightened for Steel Industry in Pakistan; Re-Rollers Mandated to Pay Rs30 Per Unit ISLAMABAD: The Federal Board of Revenue (FBR) has now further tightened the rates of sales tax on usage of electricity in the country’s steel industry, imposing stringent conditions for the steel units operating under different regions. The…
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OGDCL Inks Historic Agreement with PINSTECH to Explore Lithium and Rare Earth Elements in Well Water
OGDCL Signs Landmark Agreement with PINSTECH to Explore Lithium and Critical Minerals from Oilfield Produced Water ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has signed a strategic contract with the Pakistan Institute of Nuclear Science and Technology (PINSTECH) for the provision of advanced Inductively Coupled Plasma (ICP) Element Profiling and Radioactive Element Profiling…
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Prime Minister Shehbaz Sharif Invites International Financial Institutions to Invest in Pakistan
Prime Minister Shehbaz Sharif Invites International Financial Institutions to Leverage Investment Opportunities in Pakistan ISLAMABAD: The Prime Minister Muhammad Shehbaz Sharif, for the first time, inaugurated a trading session at the London Stock Exchange (LSE) in the presence of the LSE chairman. The Prime Minister during his historic visit attended several high-level meetings with top…
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Gold Prices Decline Further in Local and International Markets
Gold Prices Register Further Decline in Domestic and International Markets; Per Tola Rate Drops to Rs437,336 KARACHI: Gold rates fell again on both the domestic and global markets with the price of precious metals continuing to plunge. Data released by the All Pakistan Sarafa Association showed that the price of 24 karat gold fell by…
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Prime Minister’s Subsidized Petrol Scheme Will Be Extended for Another 10 Months If Needed, Says Petroleum Minister
Subsidized Petrol Scheme Will Continue for Another 10 Months If Required, Cuts to State Budget Will Fund Public Relief: Ali Pervaiz Malik ISLAMABAD:Federal Minister for Petroleum Ali Pervaiz Malik has reiterated the Government’s “absolute commitment” to public welfare, saying that if required the subsidy scheme for petrol by the Prime Minister would be continued for…