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PPP labour bureau leader rejects PIA privatisation

ISLAMABAD: Pakis­tan Peoples Party’s in-charge of Labour Bureau, Chau­d­hary Manzoor Ahmed, on Wednesday rejected the ongoing privatisation of Pakistan International Airlines (PIA), calling the process “unconstitutional and non-transparent”. Speaking at a press conference in Islamabad, Chaudhary Ahmed alleged that the government has violated legal requirements by proceeding with the sale without approval of the Council […]

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Oil spikes while stocks slip ahead of US Fed rate decision

Oil prices shot higher Wednesday on concerns of an extended blockade of the Strait of Hormuz, while Wall Street stocks mostly slid as investors awaited a US Fed rate decision and a slew of tech firm earnings. Both main oil contracts jumped nearly six per cent after President Donald Trump warned Tehran on Wednesday that […]

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Pakistan’s weekly oil bill reached $800m amid Middle East war: PM Shehbaz

Prime Minister Shehbaz Sharif on Wednesday said that the country’s weekly oil bill has reached $800 million due to the ongoing oil crisis arising from the Middle East conflict. Global fuel prices have skyrocketed over the past two months as shipping through the Strait of Hormuz remains paralysed since the US and Israel launched joint […]

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