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Pakistan gets ready to woo Saudi crown prince

ISLAMABAD: Pakistan was rescheduling flights, blocking-off luxury hotels, and — according to one report Friday — collecting 3,500 pigeons and colourful balloons to release during a welcome ceremony for Saudi Arabian Crown Prince Mohammed bin Salman. Islamabad is hoping to sign a raft of investment deals and other agreements during the two-day…
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SBP to cease issuance of Rs40,000 prize bonds from 15th Feb

ISLAMABAD: The central bank is set to cease the issuance of Rs40,000 denominated national prize bonds starting Friday, which will enable to seal a gap which allowed people to legalize their black money. According to an internal notification issued by the State Bank of Pakistan (SBP), it is set to terminate issuance of fresh bonds of Rs40,000…
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Oil prices rise on OPEC output cuts, as U.S. sanctions bite

SINGAPORE: Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. production and concerns over economic growth to keep markets in check. U.S. West Texas Intermediate (WTI) crude oil futures were at $52.78 per barrel at 0329 GMT, up 37 cents, or 0.7 percent, from…
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ECC approves additional guarantee of Rs5.6 billion for PIA

ISLAMABAD: The Economic Coordination Committee (ECC) on Tuesday approved an additional guarantee of Rs5.6 billion for Pakistan International Airlines (PIA). Finance Minister Asad Umar chaired a meeting of the ECC during which approval was accorded for an additional guarantee for the national carrier. The funds will be utilised for maintenance,…
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PM Imran departs for Dubai to attend World Govt Summit

ISLAMABAD: Prime Minister Imran Khan departed for Dubai on Sunday to attend the seventh edition of World Government Summit. Accompanied by Foreign Minister Shah Mehmood Qureshi, Finance Minister Asad Umar, Minister for Maritime Affairs Syed Ali Haider Zaidi and Adviser to the PM on Commerce Abdul Razak Dawood, the premier is visiting Dubai on…
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Jobless youth march to protest Indian ‘unemployment crisis’

Hundreds of jobless young people marched on Thursday through the streets of the Indian capital demanding Prime Minister Narendra Modi’s government tackle what they called a rising unemployment crisis. The protesters disputed the government’s claim that it has created millions of jobs since it came to power in 2014 with the economy growing around…
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