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Global shocks spark calls for Thar coal use

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[ Analyst urges SBP, govt to ramp up project financing, set targets for blending with imported coal The ministry emphasised the need for a comprehensive assessment of the sustainability of domestic resources such as natural gas and Thar coal before restricting the use of imported fuels. PHOTO: FILE LAHORE: The ongoing US-Iran conflict has once … Read more

Hormuz closure raises urea import cost

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[ Domestic supply spares farmers as local prices stay at Rs4,400 per bag despite disruptions ISLAMABAD: Escalating tensions in the Middle East have disrupted global fertiliser supply chains and pushed international urea prices to $740-750 per tonne, exposing vulnerabilities in global agricultural markets and raising concerns for import-dependent countries. According to a statement issued on … Read more

SOE employees to face up to 30% pay cut

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ISLAMABAD: Employees of state-owned enterprises (SOEs) and autonomous institutions operating under government patronage will face salary cuts ranging from five to 30 per cent as part of the government’s austerity drive, with the savings earmarked for public relief. The decision was taken on Saturday at a meeting chaired by Prime Minister Shehbaz Sharif to review … Read more

SECP raises Sahulat Account limit to Rs3m

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[ Regulator allows investors to open accounts with multiple brokers to widen retail participation in stock market ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has increased the investment limit for Sahulat Accounts from Rs1 million to Rs3 million, aligning it with limits allowed in the banking sector in a move aimed at making … Read more

Belgians protest austerity reforms

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Making ends meet is going to become really difficult for basic goods like petrol, diesel, heating products A protester holds a sign reading ‘At 25 years, I want to plan my life, not my survival’ during a demonstration in Brussels on a national day of action against the federal Arizona government’s austerity plan. Photo: AFP … Read more

LCCI opposes levy on exports

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[ Business body urges airlines and Gerry’s Dnata to abolish fee, warning it will raise export costs LCCI President Faheemur Rehman Saigol. Photo (file) LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has expressed concern over the imposition of a Rs50 per kilogram charge on export cargo by Gerry’s Dnata, terming the move unjustified … Read more

Fuel price hike starts hurting economy

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. Pakistan Chemicals & Dyes Merchants Association (PCDMA), led by Chairman Salim Valimuhammad KARACHI: Pakistan Chemicals & Dyes Merchants Association (PCDMA) has cautioned that the recent Rs55-per-litre hike in petroleum product prices has begun to inflict serious damage on the economy, pushing business costs to unsustainable levels and slowing commercial activity. PCDMA Chairman Salim Valimuhammad, … Read more