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Pakistan to close 70 govt accounts

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[ ISLAMABAD: Pakistan has agreed with the International Monetary Fund (IMF) to close 70 bank accounts of government departments and transfer roughly Rs300 billion in balances to the national kitty, a move that could help consolidate public funds and reduce the cost of debt. Pakistan has also committed to reducing debt refinancing risks by increasing … Read more

Over 250 Indians claiming descent from biblical tribe land in Israel

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The community claims to descend from Manasseh, the forefather of one of the biblical ‘lost tribes’ of Israel More than 250 Indians claiming descent from a biblical tribe landed at Tel Aviv airport on Thursday, as part of a government operation to relocate them to Israel. They are the first “Bnei Menashe” (“Sons of Manasseh“) … Read more

‘Govt committed to sustainable agrifood systems’

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[ Hussain outlines vision for climate-smart agriculture, regional cooperation at FAO conference ISLAMABAD: Pakistan has reaffirmed its strong commitment to advancing resilient, inclusive and sustainable agrifood systems during the 38th Ministerial Session of the Food and Agriculture Organisation (FAO), according to a statement issued on Friday. Federal Minister for National Food Security and Research Rana … Read more

PM Shehbaz permits spectators for PSL 11 final in Lahore

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PCB chairman thanks the prime minister for this decision and for facilitating the fans PSL trophy symbolises cricket’s enduring values as discipline and respect remain central to success. Photo: PSL/FILE Prime Minister Shehbaz Sharif on Saturday took a major decision to allow cricket fans to attend the final of the Pakistan Super League (PSL) 11 … Read more

PSX recovers 1,500 points on Araghchi’s visit

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[ Overall market participation was strong, as 1,066 million shares were traded with a total value of Rs. 49 billion. KEL led the volume chart, with 195.8 million shares..Photo: Express KARACHI: Stocks staged a strong recovery on Friday as the benchmark KSE-100 index rebounded from early losses, gaining around 1,500 points, with investor sentiment lifted … Read more

US negotiators to go to Islamabad, but Iran says no direct talks

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Iranian foreign ministry spokesperson says Tehran’s concerns would be conveyed to mediator Pakistan Iranian Foreign Minister Abbas Araghchi talks with Foreign Minister Mohammad Ishaq Dar and Chief of Army Staff, Field Marshal Asim Munir during a meeting in Islamabad, Pakistan. PHOTO: MINISTRY OF INFORMATION US negotiators are scheduled to leave for Pakistan on Saturday, but ​Iran … Read more

Rate hike risks overcorrection

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[ SBP faces dilemma as supply-side pressures clash with need to protect 3.89% GDP growth KARACHI: Brokerage houses have suggested ahead of the State Bank of Pakistan’s (SBP) upcoming Monetary Policy Committee (MPC) meeting that a policy rate hike would be counterproductive and lead to overcorrection. In its latest preview, Arif Habib Limited (AHL) argued … Read more