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KSE-100 Soars 1,009 Points Amid Optimism Over IMF Review & Moody’s Positive Outlook
Pakistan’s stock market surged as the KSE-100 index gained over 1,009 points, fueled by optimism surrounding the IMF review and Moody’s upgraded banking outlook. Experts believe improving macroeconomic conditions and banking sector resilience are driving investor confidence.
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Misuse of $3M ADB Grant for Pakistan Flood Victims Exposed
PAC exposes misuse of a $3M ADB grant! Funds meant for Pakistan's flood victims were diverted to Turkey & Syria for earthquake relief. The NDMA faces tough questions as the ADB demands clarification.
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Pakistan Assures IMF of PIA Sale by July, Uncertainty Over Roosevelt Hotel
Pakistan has assured the IMF of PIA’s privatization by July and plans to sell 5-7 entities, including banks and power firms. Uncertainty looms over Roosevelt Hotel after an early lease termination.
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Pakistan Struggles with One of the Highest Gender Pay Gaps, Says ILO Report
Pakistan has one of the highest gender pay gaps globally, with women earning 25-30% less than men. Discrimination, not skills, drives this gap, says ILO.
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Sugar Prices Soar as Mills Halt Sales, Fear of Rs 250 per Kg
Sugar mills are hoarding stock to inflate prices, warns Wholesale Grocers Association chief. With the next harvest 9 months away, rates could hit Rs 250/kg! PM urged to act against the sugar mafia.
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SBP Keeps Policy Rate at 12%, Citing Inflation Stability and Economic Recovery
SBP keeps the policy rate at 12%, focusing on macroeconomic stability. Inflation is at a near-decade low, but economic activity and external pressures remain concerns. Analysts expect further rate cuts.
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China Extends Pakistan’s $2 Billion Loan Repayment by One Year
China grants Pakistan a one-year extension on its $2 billion loan, reaffirming strong bilateral ties.
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IRSA Declares 13% National Water Shortage; Sindh Faces 25% Deficit
IRSA reports a 13% national water shortage, with Sindh hit hardest at 25%, while Punjab faces just 4%. Sindh receives only 25,000 cusecs against a demand of 34,000 cusecs.
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