Tag: deal
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Arif Alvi, establishment strike deal?
Senior analyst Muzamil Suharwardy has alleged that President Arif Alvi will announce the election date very soon as part of a deal he has striken with the establishment. During a programme on Naya Daur TV, the analyst said that Chief of Army Staff (COAS) General Asim Munir and Inter-Services Intelligence (ISI) Director General Lt Gen…
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Pakistan’s forex reserves decline to $4.31 billion, covering less than a month’s worth of imports
Pakistan’s forex reserves dropped to $4.3 billion due to debt payments.
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Pakistan places first order for discounted Russian crude oil
Pakistan has placed its first order for discounted Russian crude oil under a new deal negotiated between Pakistan and Russia, following months of discussions. State Minister for Petroleum, Musadik Malik, confirmed that one cargo will dock at Karachi port in May. Pakistan will only purchase crude oil, not refined oil, and imports are expected to…
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Pakistan to receive first-ever shipment of low-cost oil from Russia in May
Minister of State for Petroleum, Musadik Malik, announced on Sunday that Pakistan will receive its first-ever shipment of low-cost oil from Russia next month, which is expected to benefit the general public.
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Pakistani rupee bounces back after steep decline against dollar
During the early hours of trading on Friday, the Pakistani rupee (PKR) saw a significant recovery against the US dollar, with an increase of 4.51 per cent. The inter-bank market quoted the PKR at Rs272.78 by 11:50 am, representing an increase of Rs12.31 against the US dollar. This follows a steep decline of 6.66 per…
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Pakistan will start importing crude oil from Russia in March
Pakistan and Russia have decided on the deadline for crude oil exports in late March after the conclusion of the annual inter-governmental commission between the two countries concluded. The Minister of State for Petroleum, Musadik Malik, said that Pakistan intends to import 35 per cent of its entire crude oil needs from Russia. He added…
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Pakistani delegation leaves for Russia to hold discussions on cheaper oil
Minister of State for Petroleum Dr Musadik Malik and the petroleum secretary have flown to Russia to hold talks over oil and gas, a source with knowledge of the situation said on Monday on the condition of anonymity. The trip comes as the country struggles to meet domestic gas supply demands as winter approaches while…
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US firm to buy Pakistan’s Cloudways for $350 million
Cloudways, a Pakistani company that offers small and medium-sized businesses cloud hosting and software as a service (SaaS) capabilities, will be acquired by New York Stock Exchange-listed company DigitalOcean Holdings for $350 million. A large amount of the consideration, according to a business statement posted on Wednesday, would be paid over a 30-month period after…
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‘Nawaz Sharif satisfied with script’: Is Nawaz Sharif coming back to Pakistan in 2022?
Speculations are rife that Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif is returning to Pakistan. Senior journalist Saleem Safi took to Twitter and hinted at Nawaz Sharif’s return from London. Safi tweeted, “Mian Nawaz Sharif is planning to come back to Pakistan in January. According to the plan, he will go to jail on his…
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Taliban secretly escorted Americans to Kabul Airport in deal with US
The US military negotiated a secret arrangement with the Taliban that resulted in members of the militant group escorting clusters of Americans to the gates of the Kabul airport as they sought to escape Afghanistan, two defence officials told CNN. One of the officials also revealed that US special operations forces set up a “secret…