Pakistan
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14Pakistan logs 5.97% growth in FY22, economy size jumps to $383 billion
The provisional GDP growth rate for the year 2021-22 is estimated at 5.97% which has increased the size of the economy of Pakistan to...
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35Islamabad Expressway will be expanded from PWD to G.T. Road on priority basis
The Capital Development Authority (CDA) board meeting has approved the completion of work on the expansion and restoration of the Islamabad Expressway...
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52State Bank raises interest rate to 11-year high of 13.75%
To maintain the balance between inflation and economic growth, the State Bank of Pakistan (SBP) hiked the monetary policy rate by 150...
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56Cholera and Diarrhea run rampant among children in Lahore
There is an outbreak of diarrhea and cholera is making a comeback in Pakistan, as thousands of people have been infected because of contaminated water....
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28Deserving households will get Rs 2,100 monthly assistance under Insaf Food Card
The provincial cabinet of Khyber Pakhtunkhwa has given a nod for the launching of the Insaf Food Card in the province aiming...
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42Karachi’s Orange Line BRT will be integrated into Green Line Bus Service
49 buses for Orange Line Bus Rapid Transport (BRT) Service have arrived at Karachi port, said Sindh Minister for Information, Transport and...
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99Balochistan to establish four industrial zones and create 300,000 local jobs
The Balochistan government has announced the establishment of four industrial zones at Dalbandin, Turbat, Muslim Bagh, and Chaman for the enhancement of...
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39UN lists Pakistan among 23 countries facing drought emergencies
The United Nations has included Pakistan in the list of 23 countries that are facing drought emergencies. The report released by the...
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38Abdul Joshi becomes eighth Pakistani to summit Mount Everest
Pride for Pakistan! Hunzaiite Abdul Joshi has successfully summited the world’s highest mountain, Mount Everest (8,848 meters), and raised the country’s flag...
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39Rs 55.48 billion okayed for OMCs to pay for keeping fuel prices unchanged
During the protest of the Ministry of Finance over ‘unsustainable fuel subsidy’, the Economic Coordination Committee (ECC) has approved Rs 55.48 billion...
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64Pakistan’s Ayessha Quraishi, Marium Agha shortlisted for Sovereign Art Prize 2022
Two Pakistani, Ayessha Quraishi and Marium Agha have made it to the final round of South Asia’s leading art prize, The 2022 Sovereign...
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36SBP declares OctaFX and other forex trading platforms illegal
State Bank of Pakistan (SBP) on Wednesday declared use of forex trading platforms including OctaFX and Easy Forex illegal in Pakistan. The...
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40Complete list of luxury imported items banned by Pakistan
As part of measures that a minister stated would save $6 billion, the Pakistan government has banned the import of non-essential and...
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190Blue line metro from Korang and green line metro from Bhara Kahu to operate on regular roads
The Capital Development Authority (CDA) is looking forward to initiating the Blue and Green Line Metro Bus Service with regular traffic until...
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122Baloch fishermen turn millionaires overnight after catching 18 rare croakers
After catching 18 big rare croakers (also known as Kir) in the waters of Jiwani earlier this week, a bunch of Baloch...
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90Pakistan pummelled by heatwave that hits 50°C in some parts
The current extreme heatwave all over the country refuses to end as five Pakistani cities have been ranked among the top ten...
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63Pakistan bans import of over 30 luxury items including cars, smartphones
The federal government has decided to impose a complete ban on the import of superfluous and luxury items to deal with Pakistan’s...
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69Canadian coffee giant Tim Hortons to open dozens of restaurants across Pakistan
Tim Hortons, one of North America’s largest restaurant chains, is expanding into Pakistan this year, with intentions to launch dozens of outlets around the...
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65720MW Karot hydro project built under CPEC at a cost of $1.7 billion starts trial operation
Under the China-Pakistan Economic Corridor (CPEC), the first hydropower project with 720MW Karot Hydropower Project (HPP) has begun trial operations as two...
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58Pakistan added $4.77 billion to total public debt of $90.6 billion in first half of FY22
The Ministry of Economic Affairs (MEA) has shared that Pakistan has made a net addition of $4.77 billion during the first half...
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73Experts raise red flag for economy as rupee hits historic low of 200 against dollar
Experts have raised red flag for economy as Pakistani rupee dropped to a new historic low of 200 against US dollar in...
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67Pakistan records highest ever textile exports of $15.98 billion in 10 months
Pakistan’s Textile group exports in July-April, 2021- 2022 hit a record high of $15.981 billion against $12.688 billion during the corresponding period...
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67Over 800 adventure tourists apply to visit Pakistan this summer
The Pakistan government has received more than 800 applications from adventure tourists across the world and is expected to welcome at least...
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71Pakistan is giving discounted fuel that is costing $620 million a month
Pakistan is giving discounted fuel to its people that is costing $620 million a month and this is happening while country has...
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81Profit rates on savings schemes increased by up to 250 basis points
During the higher policy rate of the central bank and the current increase in cut-off yields of secondary market coupons, the Central...
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74Hamza Shahbaz no longer CM Punjab as SC disallowed vote of dissident members
Supreme Court of Pakistan in a majority verdict of 3:2 finally decides that defectors vote will not be counted which effectively ends...
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115IMF lauds 10 Billion Tree Tsunami project for reversing deforestation
Chairman of Pakistan Tehreek-i-Insaf (PTI) Imran Khan on Monday took credit for leading the first government in the history of Pakistan that...
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105Statue of Ali Sadpara placed in Gilgit and roundabout is named Sadpara Chowk
Late climber Muhammad Ali Sadpara (1976-2021) has been privileged with a monument at MP Chowk in Gilgit’s Sonikot. The roundabout is renamed...
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93Rs 7 billion Timergara-Khar-Mamad Gat Road will link Mohmand, Bajaur and Dir
Frontier Works Organization (FWO) employed up-to-date practices for the immediate accomplishment of the Rs 7 billion mega road project. It seems that the Timergara-Khar-Mamad Gat...
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80Pakistan receives all-time high $3.12 billion remittances in April
For the first time, Pakistan’s remittances crossed the figure of $3 billion in a month, which gave hope that the country would...
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78NITB all set to award Rs 2 billion ‘National E-Parliament System’ contract
The National Information Technology Board (NITB) is all set to honor an Rs 2 billion “National E-parliament system” agreement to blue-eyed companies. ...
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69China imported more than $168 million worth of cotton yarn from Pakistan
Pakistani cotton experts showed their confidence in the growth of local cotton-related industry and yarn export to China in addition to other...
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94CDWP cleared four development projects worth Rs 136.74 billion
The Central Development Working Party (CDWP) has cleared four development projects at a cost of Rs 136.74 billion during its meeting which...
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109Tourist vehicles not allowed to drive on Shogran-Siri Paye Road
The Kaghan Development Authority (KDA) on Tuesday officially banned tourists from going to the Siri Paye area in the Shogran tourist resort...
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101Peshawar BRT to add 86 new buses as the service crosses 250,000 daily commuters
Peshawar Bus Rapid Transit (BRT) has announced to enhance its current fleet by adding a total of 86 new buses because of...
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119Kuwait-backed companies considering $750 million investment in Pakistan
Pakistan Kuwait Investment Company Limited (PKIC) – Pakistan’s leading development finance institution has entered into a strategic alliance contract with Enertech Holding...
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110Civil work of 1,320 MW Thar Coal Block-1 to complete this year
Civil works of the under-progress 1,320 MW Shanghai Electric Thar Coal Block-1 Power Generation Company (PVT) Ltd. project are planned to attain...
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165Sindh to launch Safe City project within the next four months at a cost of Rs 27 billion
Chief Minister (CM) of Sindh Syed Murad Ali Shah has issued orders to the Planning and Development Board (PDB) regarding the formulation...
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122PM Shehbaz finalises MQM’s Nasreen Jalil as Sindh governor
Prime Minister Shehbaz Sharif has sent the summary to President Arif Alvi to appoint Muttahida Qoumi Movement-Pakistan (MQM-P) leader Nasreen Jalil for the...
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91Pakistan’s trade deficit jumped to all-time high of $39.3 billion in 10 months
Pakistan’s trade deficit hiked up by an all-time high of 65 percent year-on-year to $39.3 billion in the 10 months through April...
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114Hassanabad bridge collapses as water from melting glacier causes flood amid heatwave
Gilgit-Baltistan (G-B) Chief Secretary Mohyuddin Wani assured that the condition of the post-Glacial Lake Outburst Flood (GLOF) at Hassanabad bridge is under...
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102Progress reviewed on $3.5 billion plan to rebuild Karachi’s coastline under CPEC
Top management of the Board of Investment (BOI) and Karachi Port Trust (KPT) has reviewed progress on the Karachi Comprehensive Coastal Development...
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116Farmers in Punjab expects up to 35% increase in cotton acreage this year
Punjab expects a 12 to 15 percent rise in cotton acreage this year, however, according to the farmers this figure may be...
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95Pakistan’s humanitarian Bilquis Bano Edhi declared Mother of Humankind
While celebrating the International Mother’s Day on May 8, 2022, SAARC-ASEAN Postdoctoral Academia and the Asia-Oceania Post-Doctoral Academia (AOPDA) conjointly adopted a...
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107State Bank of Pakistan restores Saturday as holiday for banks
In less than a month after the federal government raised working hours for banks and government agencies, the State Bank of Pakistan...
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117Imran Khan’s Billion Tree Tsunami project brings olive revolution in Pakistan
Pakistan’s Ten Billion Tree Tsunami project that was launched in 2014 by the PTI-led government has now started a silent olive revolution...
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116For the first time Punjab bans commercial fishing for 10 years
The Punjab government has imposed a 10-year ban on commercial fishing in the provincial water because of the acute depletion of fisheries...
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128Over 600,000 visited 7 tourist destinations in Khyber Pakhtunkhwa in five Eid holidays
More than 600,000 people enjoyed their Eid Holidays in the seven main tourist destinations in Khyber Pakhtunkhwa, mainly Malakand and Hazara divisions....
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112Govt to import 200,000 tonnes of urea to meet peak kharif season demand in June
The new government has made a decision to continue the observations of the PTI government and announced to import of 200,000 tonnes...
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113Shehroze becomes youngest mountaineer to summit world’s three highest peaks
Shehroze Kashif, a Pakistani climber, on Thursday created history as he became the youngest person in the world and first in his...
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114Dr Murtaza Syed takes over as acting governor of State Bank of Pakistan
Dr. Murtaza Syed, as the senior-most deputy governor, has assumed the position of the State Bank of Pakistan’s acting governor. After tough...
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147Road to Saiful Muluk Lake finally reopened after 6 months
After the Kaghan Development Authority (KDA) restored the road leading to Lake Saiful Muluk after six months, thousands of tourists went to...
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350CPEC to remain top priority of the new Shehbaz government
CPEC has always been at top priority of the Shehbaz government and change of command in Pakistan does not affect the long-standing...
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158At least 3,852 children sexually abused across Pakistan in 2021
As many as 3,852 children including 2,068 girls and 1,784 boys were sexually abused all over Pakistan in 2021, revealed Sahil, an...
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122Pakistan falls 12 spots to 157th place in RSF’s 2022 World Press Freedom Index
According to media reports, Pakistan has slipped further down the list of countries in respect of journalist protection in Reporters Without Borders...
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131USAID launches $23.5 million power sector improvement project in Pakistan
The US government is cooperating with the Pakistani government to start a $23.5 million, four-year power sector improvement project to combat climate...
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310Pakistan buys spot LNG cargo for mid-May from Vitol at a lower price
Pakistan LNG Limited (PLL) purchased a spot liquefied natural gas cargo for May 17-18 delivery from Vitol, which had offered $23.13/mmbtu for...
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1.1KPM Shehbaz Sharif fills Economic Advisory Council with Pakistan’s billionaires
Prime Minister Shehbaz Sharif has chosen his main advisors and members of the country’s billionaire club as members of the Economic Advisory...
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304Pakistan among 20 trading partners placed on US ‘watch list’
Pakistan is among 20 trading partners which have been placed on the ‘watch list’ of the US government. Though, these states merit...
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151Pakistan’s youngest athlete Mahnoor Saleh becomes IUCN Youth Ambassador
The International Union for Conservation of Nature (IUCN) has declared Pakistan’s young athlete Mahnoor Saleh as its Youth Ambassador. IUCN helps to...
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137Rupee plunges 94 paise to settle at 186.63 against US dollar
The downfall trend of the Pakistani Rupee (PKR) continues against the US Dollar (USD) and reported losses in the interbank market today....
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140CDWP approves three development projects worth Rs 15.7804 billion
The Central Development Working Party (CDWP) has cleared three development projects costing Rs 15.7804 billion and recommended the projects to the National...
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194Pakistan earned $360 million from export of travel services in 8 months
Pakistan has earned $360.034 million by making available different travel services in many countries during the first eight months of the current...
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1856-month KIBOR hits a 13-year high at 14.1%
The six-month Karachi Inter-bank Offered Rate (KIBOR), a standard for financing to consumers and businesses, hit a 13-year high amidst growing threats...
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878Pakistan’s current account deficit jumped to $13.17 billion in 9 months
The current account deficit of the country has almost doubled in March to $1 billion as compared to the previous month, taking...
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192Pakistanis facing up to 18 hours of loadshedding amid worsening heat wave
Several parts of Pakistan witnessing extreme loadshedding for long durations amid worsening heat wave, disrupting daily life and businesses. While urban centres...
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194ADB disburses $1.31 billion in loans and grants to Pakistan
The Asian Development Bank (ADB) has given loans and grants of almost $1.31 billion to Pakistan in 2021, including $1.01 billion from...
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310Pakistan to set up new LNG terminal on coast of Arabian Sea with China’s help
Daewoo Gas has signed contract with China National Chemical Engineering Group Corporation (CNCEC) on April 21 to set up a new LNG...
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788Sihala Flyover will be constructed on Kahuta Road by FWO in one year
The Sihala Flyover project has been given to Frontier Work Organisation (FWO) after terminating the contract with a private company, the city...
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1.0KWorld Bank says rising food prices to curtail purchasing power of Pakistanis
According to the World Bank, the rising food and energy prices in Pakistan is likely to decrease the real purchasing power of...
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194Shariat Court gives govt 5 years to get rid of Riba-based unislamic banking system
The Federal Shariat Court (FSC) issued a decision in a long-running case on Riba (interest), ruling the current interest-based banking system to...
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165Pakistan exported 13,866 tons of fish meal to China in Jan-Feb
Export of Pakistan’s fish meal to China hit 13,866 tons crossing a value of over $15.68 million, a year-on-year increase of 250.59%...
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153Dates processing factory set up at a cost of $6.36 million in Panjgur begins production
The UAE-Pakistan Assistance Programme (UAE PAP) has announced to begin commercial production at a dates processing factory in Panjgur in Balochistan, which...
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166PM Shehbaz Sharif announces end to loadshedding from May 1
As crippling power outages continue, Prime Minister Shehbaz Sharif has issued the orders to end loadshedding in the country from May 1. ...
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212BRT to be launched from Peshawar’s Hayatabad to Warsak Road
The Khyber Pakhtunkhwa government is looking forward to starting Bus Rapid Transit (BRT) on Ring Road between Hayatabad and Warsak Road for the facilitation...
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320KP govt failed to launch 10 major foreign funded projects worth over Rs 203 billion
The Khyber Pakhtunkhwa (KP) government failed to start 10 major foreign-funded projects costing more than Rs 203 billion in the current fiscal...
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156Deposits held by banks increased to reach Rs 20.47 trillion in March
On a month-on-month (MoM) basis, the total deposits held by banks have shown an increase of 2.9 percent to reach Rs 20.47...
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162IMF agree to Pakistan’s request to increase the loan size from $6 billion to $8 billion
In talks with the International Monetary Fund (IMF), Pakistan made a major advancement when a finance ministry official said the Fund would increase...
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197Foundation stone of 303km Khuzdar-Kuchlak highway laid in Balochistan
Prime Minister Shehbaz Sharif has laid the foundation stone of 303km Khuzdar-Kuchlak highway in Balochistan on Saturday, ensuring to expedite development projects...
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18230,000 acres of land being made fertile in Punjab annually
Almost 30,000 acres of barren land are being made fertile annually in Punjab. The official sources in Agriculture Engineering Department said that...
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195Pakistan Railways reduces train fare by 30% for Eid’s three days
Federal Railways Minister Khawaja Saad Rafique on Friday announced a 30 percent reduction in train fare on the occasion of Eid-ul-Fitr. The railway’s minister...
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163Pakistan to develop Strategic Underground Gas Storage at a cost of Rs 127 billion
Pakistan will produce a Strategic Underground Gas Storage (SUGS) at a cost of Rs. 27 billion. The bankable feasibility study in this...
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651Pakistan’s food exports up by 18.92% to $3.961 billion in 3 quarters
Pakistan’s food exports witnessed a hike of 18.92 percent during the first three quarters of the current fiscal year against the corresponding...
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275Shehbaz, Nawaz, Maryam and other 150 people removed from Exit Control List
The new government has removed names of several high-profile personalities, including Prime Minister Shehbaz Sharif, from the no-fly list. The Cabinet in its maiden...
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259NHA allows PC-1 of Rs 44 billion for Muzaffarabad-Mansehra CPEC Link Road
The Executive Board of the National Highway Authority (NHA) has recommended the PC-I for the construction of the Muzaffarabad-Mansehra (China Pakistan Economic...
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527Army major martyred in gunfight with terrorists in Balochistan’s Awaran
In a battle with terrorists in Baluchistan’s Awaran, a Pakistan Army major was martyred and another soldier was injured, according to the...
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251Pakistan’s non-textile exports jump by 24.28% to $9.11 billion in nine months
The country’s non-textile exports have jumped by 24.28 percent year on year to $9.11 billion during the first nine months of the...
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3641014-MW Karachi nuclear unit 3 powered by Chinese reactor starts operation
A nuclear power unit in Pakistan using China’s Hualong One reactor has started commercial operations from Monday, as per the China National...
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1.2KRawalpindi’s Peshawar Road from Koral to Motorway Chowk to be made signal free
Divisional Commissioner Noor ul Amin Mengal said on Tuesday that a proposal has been formulated to make the Rawalpindi section of Peshawar...
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264Pakistan’s petroleum and food imports surged to $21.87 billion in three quarters
Pakistan’s petroleum and food import bill increased by 59.98 percent to $21.87 billion during the July-March period against $13.67 billion in the...
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1.4KPakistani startups raised record $540 million across 99 deals since 2021
Pakistani startups finally joined the big league, collectively raising a record $540 million from 2021 to 2022 first quarter across 99 deals....
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358PM Shehbaz calls for completion of $2.8 billion Diamer-Bhasha dam three years early
The construction of the mega project of the Diamer-Bhasha dam would prove to be a lifeline for the country’s future, improve the...
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660Pakistan exported 1,606 tons of Chilgoza pine nuts worth $17.67 million to China
According to the General Administration of Customs of the People’s Republic of China, China imported $17.67 million worth of Pakistani Chilgoza pine...
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794Construction work begins on Rawalpindi Ring Road project at Baanth
Rawalpindi Commissioner and Project Director Ring Road Rawalpindi Noorul Amin Mengal performed the groundbreaking ceremony of the construction work of Ring Road...
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79327 power plants out of order due to technical problems, Shehbaz told
The Power Division told Prime Minister Shehbaz Sharif that currently there was no electricity shortage in Pakistan and power plants were shut...
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331Private sector borrowed Rs 1.198 trillion from banks in three quarters
The overall bank credit to the private sector increased by 170 percent during the first nine months of the present fiscal year...
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282Gold price in Pakistan jumps by Rs 900 per tola to reach Rs 133,300
Gold price in Pakistan gained Rs 900 per tola and Rs 771 per 10 grams to settle at Rs 133,300 and Rs...
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205Pakistan’s industrial output grew 8.6% in February
The large-scale manufacturing (LSM) has risen 8.6 percent year-on-year in February, the Pakistan Bureau of Statistics (PBS) revealed the Pakistan’s industrial output...
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230Mansehra-Naran-Jalkhad Road reopened to all sorts of traffic after 6 months
The Mansehra-Naran-Jalkhad (MNJ) Road has been reopened to all sorts of traffic till the Batakundi area on Sunday, facilitating to reviving and...
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354KP borrows Rs 7.2 billion from banks for fast completion of energy projects
Corporate commercial financing has been initiated for the first time in Khyber Pakhtunkhwa intended to help expeditious construction of ongoing energy projects....
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382Orange route of Metro bus service from Peshawar Morr to Islamabad Airport initiated
Prime Minister Shahbaz Sharif launched the Peshawar Morr to Islamabad Airport Metro Bus service. The project was expected to go functional in...
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653World Bank raises Pakistan’s growth forecast to 4.3% from 3.4%
Reducing Pakistan’s economic growth rate prediction for the present fiscal year by nearly one percent, the World Bank (WB) stated that the...
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262Moments of silence observed globally for Bilquis Edhi
Apex academic institutions in over 90 countries observed ‘Moments of Silence’ for Ms Bilquis Edhi, as a mark of reverence at the...
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247Debt to GDP ratio falls to 72% in FY21, 67% till Dec FY22
Public debt, as a percentage of Gross Domestic Product (GDP), fell to 72 percent in the fiscal year 2021, from 76.6 percent...
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217Pakistan’s exports to China crossed $67 million in first two months of 2022
Pakistan’s exports to China crossed $ 67 million in the first two months of 2022, which recorded a nearly 23% year-on-year increase....
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480Seven soldiers martyred in ambush in North Waziristan
Terrorists attacked a military convoy in the Pak-Afghan border area in Khyber Pakhtunkhwa’s North Waziristan district, in which seven Pakistan Army soldiers embraced martyrdom, according...
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221New National Assembly Speaker to verify resignations of PTI MNAs
Newly-elected National Assembly Speaker Raja Pervaiz Ashraf on Saturday directed the assembly secretariat to deal with the of resignations tendered by 123 Pakistan...
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217Pakistan’s export of services reached $4.49 billion between Jul-Feb
Export of services has hiked up 18.17 percent during the first eight months of the present fiscal year from a year ago,...
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215PM Shehbaz Sharif abolishes Saturday off for government employees
Prime Minister Shehbaz Sharif has abolished Saturday off for the government employees. There will be only one weekly off day in government...
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272Punjab government procured 397,553 tonnes of wheat from farmers so far
Up till now, Punjab has procured about 0.5 million tonnes of wheat as harvesting in the province’s southern part picks up the...
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231Pakistan’s remittances reach historic high of $2.8 billion in March
Workers’ remittances remained beyond $2 billion for a record 22nd successive month, having an inflow of $2.8 billion received in the month...
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225Imran Khan says he was not dangerous when in government, but he will be now
Former Prime Minister and PTI Chairman Imran Khan has questioned the courts why the doors of the courts were opened late at...
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251Initiative launched to provide safe drinking water to 70,000 residents in K-P and Sindh
A four-year water and sanitation initiative has been launched on Thursday for the provision of safe drinking water to 70,000 citizens in...
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215Exports up 17.3% to $2.78 billion in March; reaches $23.22 billion in FY22
Pakistan’s exports in March 2022 increased by 17.3 percent to $2.773 billion when compared to $2.365 billion in March 2021, according to...
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209Target for cotton production set at 11 million bales
The Federal Committee on Agriculture (FCA) has set the cotton production target at 11 million bales from the cultivation of over a...
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227FBR exceeds nine-month tax collection target by Rs 247 billion
The Federal Board of Revenue (FBR) succeeded to exceed its collection target by Rs 247 billion from July to March during the...
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253Khyber Pakhtunkhwa PDWP approves more projects worth Rs 20 billion
In its 18th meeting, the Khyber-Pakhtunkhwa Provincial Development Working Party (PDWP) gave approval to 17 development projects at Rs 20 billion in...
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238Steel prices rise for second time in April to all-time high of Rs 227,500 per ton
The second increase in the ongoing month has pushed the steel bar price to an all-time high of 227,500 per tonne due...
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386Pakistan conducts successful test of nuclear-capable Shaheen-III ballistic missile
Pakistan performed a successful flight test of the Shaheen-III surface-to-surface ballistic missile, according to the Inter Services Public Relations (ISPR). The test...
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264Pakistan’s exports to seven regional countries reached $2.95 billion in 8 months
Pakistan’s exports to seven regional countries observed growth of 26.47 percent during the first eight months of the financial year (2021-22), the State...
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283Pakistani artist paints vibrant truck art in Sri Lanka
Ali Salman Anchan, a famous entrepreneur and artist showcased Pakistan’s indigenous truck art in Sri Lanka through an amazing wall painting project. Ali...
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307Work to start soon on 88-km long Swat Motorway Phase-II
Mahmood Khan, Khyber Pakhtunkhwa (KP) Chief Minister will inaugurate the Swat Motorway Phase-II next week. As per the sources, CM Mahmood Khan...
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572ECC approved 79 billion subsidy to export sectors
The Economic Coordination Committee (ECC) of the Cabinet has approved almost Rs 97 billion worth of supplementary grants comprising Rs 16 billion...
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446Pakistan earns $315 million from export of travel services in seven months
Pakistan has earned $315.030 million by giving various travel services in different countries in the first seven months of the current financial...
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338PTI government created 5.5 million jobs in three years despite Covid-19
Pakistan’s economy has created 5.5 million jobs in the last three years, on an average of 1.84 million jobs a year, which...
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291State Bank hikes interest rate to 12.25% to avert growing risks to economy
As the country continue to struggle with uncertainties about the outlook for international commodity prices and global financial conditions, aggravated by the Russia-Ukraine...
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477PTV earns highest-ever revenue of Rs 4 billion
Minister for Information Fawad Chaudhry stated that State-run Pakistan Television Corporation (PTV) finally succeeded in achieving its “highest-ever” revenue target of Rs...
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298Profits on foreign investments increased by 9% to $1.146 billion in eight months
According to the report, issued by the State Bank of Pakistan on Tuesday, the outflows of profits and dividends on foreign investments...
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357306 KM 6-lane Sukkur to Hyderabad M-6 Motorway to be built at a cost of Rs 307 billion
The Public-Private Partnership Authority (P3A) Board gave nod to the Public-Private Partnership (PPP) Agreement for the construction of Sukkur-Hyderabad Motorway (M-6) and...
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748Rupee breaks all previous records against US dollar as political crisis intensifies
In the face of mounting political instability, the Pakistani rupee continued its record-breaking downtrend, falling below 188 for the first time in...
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308CDA developed around 50 new parks costing Rs 341 million across Islamabad
The Capital Development Authority (CDA) has contributed a lot to the promotion of tourism in the city as it developed about fifty...
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312Pakistan’s economy majorly hit by Russia-Ukraine war
United Nations Conference on Trade and Development (UNCTAD) says Angola, Egypt, Mongolia, Pakistan and Sri Lanka were among countries that appear vulnerable...
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696Heatwave to continue in Pakistan through at least April 8
The Pakistan Meteorological Department has warned that a heatwave is expected to grip the country in the coming 10 days, the public...
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363Bank account holders can now invest in capital market
Residents can create accounts in the capital market using their bank’s platform or app under the State Bank of Pakistan’s (SBP) ‘Shared...
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305Over 30,000 cattle affected by lumpy skin disease in Sindh
The number of cattle suffering from lumpy skin disease has crossed 30,000 on Monday and more than half of the cases were...
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1.1KPakistan outperforms all regional economies with lowest unemployment rate
According to the World Bank data, Pakistan outperformed all regional economies during the 2020-2022 COVID period, with the lowest unemployment rate in...
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580Pakistan pavilion wins Silver Award for interior design at Dubai Expo 2020
The ‘Best Exterior Design’ award was given to the Pakistan Pavilion at Dubai Expo 2020, which attracted over 1 million visitors and...
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1.4KFinance ministry’s sensitive data hacked in a cyber attack three months ago
According to Pakistan’s Ministry of Finance and Revenue, official data involving email communications with friendly countries and financial institutions was hacked three...
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270Population of Pakistan’s rare black deer increases after 53 years
Punjab Wildlife took first successful step to release rare species of black deer into its natural habitat to show constructive results as the population...
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287Private sector credit off take reached to Rs 911 billion
The increasing trend of oil prices and other commodities at the international level compelled the State Bank of Pakistan to enhance the...
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367Afghan, Gwadar chambers of commerce explore Gwadar trade activities
To boost up commercial and business activities in Gwadar, Gwadar Chamber of Commerce and Industry (GCCI) explored Gwadar trade activities in a...
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297Punjab govt to launch $402 million agriculture transformation project
On July 1, the Punjab government will kick off the Punjab Resilient and Inclusive Agriculture Transformation (PRIAT) project. According to official documentation...
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283Govt implements mechanism for improving fiscal discipline
The government has announced the latest mechanism for annual and multi-annual fiscal commitment controls for all ministries, sectors and concerned departments, and...
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292IMF proposes to tax wealthy people at uniform rate of 30%
The International Monetary Fund (IMF) has suggested to tax upper middle class and well-off people having revenue in the bandwidth of Rs...
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365Pakistan’s current account deficit widens to $12.1 billion in eight months
The monthly current account deficit has shrunk to the lowest figures of $0.5 billion in February during the current fiscal year. Prime...
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510Saudi firm to set up refinery in Gwadar to assess Reko Diq gold, copper quantity
Regarding the recent agreement on the Reko Diq copper and gold mining project with a Canadian company, Balochistan Chief Minister Mir Abdul...
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336Wheat purchase in Punjab starts in the first week of April
According to the sources of the provincial food department, Punjab is planning to start the procurement of wheat during the first week...
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306Pakistan’s economy maintains growth momentum in first quarter of FY22
State Bank of Pakistan (SBP) said Pakistan’s economy has maintained growth momentum in first quarter of fiscal year 2021/2022. The present government...
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312Plant to recycle sacred papers to be established in Islamabad
The Ministry of Religious Affairs approved a project to create a recycling plant in the federal capital to discard old sacred papers...
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283PPP MPA Heer Soho set to become first-ever woman tribal head in Sindh
Heer Ismail Soho, Pakistan Peoples Party (PPP) member of Sindh Assembly, is going to be the first-ever woman chief of any tribe...
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282Track & trace system helps FBR collect 33% more tax from sugar industry in ongoing crushing season
During the current crushing season, the Track and Trace System (TTS) was successfully implemented in the sugar sector, marking a major milestone....
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305Trade with China via Khunjerab Pass resumes after more than two years
China has announced to open the Khunjerab border from April 1, 2022, for trade activities as the land route between Pakistan and...
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480Repair work on two-lane road from Malir Kala Board to Saudabad Chowrangi started
The Karachi Metropolitan Corporation (KMC) has begun the rehabilitation work of a two-lane road from Malir Kala Board to Saudabad Chowrangi along...
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433Pakistan exported fish worth $362 million and meat worth $221 million in 8 months
Pakistan exported fish and fish preparations worth $362 million and meat and meat products worth $221 million in 8 months. Around $30...
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317How to verify FBR Active Taxpayer Status in Pakistan
All people with a source of income in Pakistan are required to register with the Federal Bureau of Revenue (FBR). Someone who...
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459CDA allotted 282 plots to people affected by land acquisition in sector E-12
On Monday, the Capital Development Authority (CDA) has allotted 120 more plots to people who were affected by land acquisition in sector...
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753ADB approves $300 million for development of Pakistan’s capital markets
The Asian Development Bank (ADB) approved a loan of $300 million on Tuesday for the improvement of Pakistan’s capital markets, enhancement of...
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4025-star hotels be constructed in Mansehra’s Ghanool and Swat’s Mankial
Private company signed an agreement with Khyber Pakhtunkhwa government to establish five-star hotels in Mansehra’s Ghanool and Swat’s Mankial to facilitate tourists...
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351Pakistan Movement Park inaugurated along Islamabad Highway in Sector H-8
The chairman of the Capital Development Authority (CDA), Amer Ali Ahmed, inaugurated the Pakistan Movement Park in Sector H-8 on Thursday, with the aim...
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311Punjab to elect new CM as Buzdar steps down
The Punjab Chief Minister Sardar Usman Buzdar has given his resignation on Monday when the joint Opposition submitted a no-confidence drive against...
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323SBP reserves drop $869 million to $14.96 billion on debt repayments
A massive outflow of $869 million week-on-week mainly for debt repayments dragged the foreign exchange reserves of the State Bank of Pakistan...
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355Demand for vehicles, ACs and refrigerators grows despite mounting inflation
According to the Bureau of Statistics, production and demand for vehicles, air conditioners and refrigerators have increased significantly despite mounting inflation. During...
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615Rupee hits historic low of Rs 182.34 in inter-bank
The downfall of Pakistani rupee continued its record-breaking trend, when it hit a new all-time low at Rs 182.34 compared to the US...
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386Steps taken to raise Karachi traffic police to international standards: new chief
The newly posted Karachi traffic police chief is looking forward to bringing the city traffic police up to international standards and said...
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349Salman Iqbal, Rohail Hyatt, Kishwar Naheed among 45 to receive civil awards
President Dr Arif Alvi on Wednesday conferred civil awards on prominent citizens of Pakistan as well as foreign nationals for showing gallantry...
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356GDP growth to exceed 5 percent mark in fiscal year 2021-22
Minister for Finance and Revenue Shaukat Tarin expressed confidence on Sunday that the country’s Gross Domestic Product (GDP) growth would surpass the...
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427First of four PHA’s underground rainwater harvesting tanks inaugurated in Rawalpindi
Provincial Minister for Literacy and Non-Formal Education Raja Rashid Hafeez and Chairman Parks and Horticulture Authority (PHA) Rawalpindi Asif Mehmood inaugurated PHA’s...
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339Govt decides to cut development budget by Rs 300 billion
In the budget of 2021-22, Rs 900 was allocated for the Public Sector Development Programme (PSDP) but International Monetary Fund asked the...
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783IsDB gives Pakistan $180 million for 800 MW Mohmand Dam hydropower project
The Pakistani government and the Islamic Development Bank (IsDB) have signed three Framework Agreements totaling $180 million to fund the Mohmand Dam...
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335Cement prices increase to all-time high of Rs 870 amid rising costs and more demand
Cement prices have shown an immense increase due to escalating coal rates, limited supplies, and other related problems, consequently increasing the cost...
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340Depression, anxiety on the rise among youth of Karachi
A recent scientific study discovered that levels of anxiety, depression, and stress are increasing mostly among the young population of Karachi. The...
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329Large scale manufacturing grows 7.6% in seven months
The large-scale manufacturing (LSM) increased 8.2 percent year-on-year in January, the Pakistan Bureau of Statistics (PBS) stated. As per the data, during...
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330Govt working on policy for conversion of coal to gas and liquid fuels
During the era of decreasing domestic gas production and high-priced fuel imports, a new policy to convert Coal-to-Gas (LTG) and Coal-to-Liquid (CTL)...
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316Trade between Pakistan and 28 EU member states reached €12.2 billion in 2021
EU and Pakistan bilateral trade has showed an increase by 78 percent to €12.2 billion in 2021 from €6.9 billion in 2013, largely...
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345Special Economic District at Gwadar Smart Port City to be made tax-free zone under CPEC
The Gwadar Smart Port City Master Plan says the proposed special economic district (SED) is expected to get tax-free status. In accordance...
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355Pakistan’s exports of textile and clothing reached $12.6 billion so far in FY22
Pakistan’s textile exports has witnessed an increase of 26 percent to hit a record high of $12.6 billion in the first eight...
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388Rs 250 per 40 kg increase in minimum support price of wheat to Rs 2,200
The government has increased the minimum support price for wheat by 13 percent, setting a public sector procurement target of 6.9 million...
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366Engro partners with WWF-Pakistan for conservation of Indus River dolphin
WWF-Pakistan and Engro Foundation, the social investment arm of Engro Corporation, will be mutually working together for the conservation and management of...
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337Smartbenefits launches affordable employee health insurance for SMEs
The first-ever Pakistan-based health insurance startup ‘Smartbenefits’ is facilitating employers by making healthcare benefits accessible and affordable for them. According to the...
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381Pakistan attracts $1.26 billion in foreign direct investment in eight months
Total foreign direct investment (FDI) into Pakistan rose 6.1% to $1.26 billion during the July–February 2021-22 compared to $1.19 billion in the...
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372Chinese companies to set up cement factories in Pakistan
Pakistan has invited big Chinese companies to establish cement factories and is planning for zero duty on these products to increase their...
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364BOP President and CEO, Zafar Masud, awarded Hungary’s highest civil award
President & CEO of The Bank of Punjab, Zafar Masud, was bestowed with the highest civil award of Hungary for leading the...
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345Punjab utilized Rs 300 billion from Rs 458 billion development funds in eight months
Usman Buzdar, the Chief Minister of Punjab remained under severe criticism by the different political quarters of the country since the time...
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341Bank advances to private sector more than doubled to Rs 874.3 billion in eight months
Macroeconomic indicators are showing an optimistic picture of the economy of Pakistan as private sector credit off-take is more than doubled in...
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48638.3 km long Rawalpindi Ring Road project will complete in two years
The construction work of 38.3 km long main carriageway from Baanth (N-5) to Thallian (M-2) under Rawalpindi Ring Road project would be...
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37250 kg urea bag price increased to Rs 1,934
Fauji Fertilizer Company (FFC), one of the leading fertilizer manufacturing companies has raised the price of its 50 kg urea bag to...
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361Pakistan to restart gigantic Reko Diq copper-gold project after a decade
Barrick Gold Corporation of Canada and the governments of Pakistan and Balochistan pen down a contract on a framework to help for...
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373Ecnec approves Rs 201.57 billion for Karachi Circular Railway project
The Executive Committee of the National Economic Council (ECNEC) approved Karachi Circular Railway as an up-to-the-minute urban railway under Public Private Partnership...
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360IMF asked Pakistan to show how it would fund $1.5 billion subsidy package
The International Money Fund (IMF) had said it needed Pakistan to explain how it would fund a $1.5 billion subsidy package announced...
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420CDA inaugurates new Hill Park in Sector G-10/4 Islamabad
Capital Development Authority Chairman Amir Ali Ahmed had inaugurated a new park called Hill Park on 3rd Road in Sector G-10/4 Islamabad....
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368Over 8.2 million overseas Pakistanis registered with Nadra
Over 8.2 million overseas Pakistanis having National Identity Card for Overseas Pakistanis (Nicop) had been registered with National Database and Registration Authority (NADRA),...
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368PM Imran Khan to launch Rs 581 billion South Punjab development package
Prime Minister Imran Khan will be launching Rs 581 billion South Punjab development package for the upgradation of ruined infrastructure, developing the...
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373USF launches 7 projects worth Rs 8 billion to provide broadband services to over 2.5 million people
The Universal Service Fund (USF) on Monday initiated seven projects costing over Rs 8 billion to deliver broadband services to unserved and...
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345Import of duty-free items surge 66% to $23.42 billion in eight months
The increase in the import of duty-free items during the month of February was found to be 42.41 percent to $2.67 billion as compared...
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433Govt to install e-gate system at airports to facilitate overseas Pakistanis
The government is looking forward to introducing an e-gate system for the facilitation of overseas Pakistanis at the time they arrive in Pakistan,...
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527CDA to construct 7.8 km long Bhara Kahu Bypass to address traffic problems
The Capital Development Authority (CDA) is looking forward to constructing a 7.8-kilometer long ‘Bhara Kahu Bypass’ in order to cater to the...
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1.6KInquiry ordered against airport staff on complaint of overseas Pakistanis
Ejaz Ahmad Qureshi, the Federal Ombudsman, has taken serious note of complaints filed by Overseas Pakistanis, particularly South African Overseas Pakistanis, against...
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388UAE interested in acquiring 747-MW Guddu Power Plant
The United Arab Emirates (UAE) has expressed its objective to get combined cycle 747-MW Guddu Power Plant (GPP), sources in Privatisation Commission...
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382Cut-off yield on T-bills increased by up to 130 basis points
The cut-off yields on the Treasury Bills (T-Bills) were found to enhance by up to 130 basis points on Wednesday. It took...
