Business

National Police Academy to be upgraded on lines of PMA

The National Police Academy (NPA) will be upgraded on the lines of Pakistan Military Academy
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Five Iraqi banks to be banned from US dollar transactions

Iraq’s central bank will ban five more local banks from engaging in U.S. dollar transactions,
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Oil falls for 4th day on expectations Russia-Ukraine peace may

Oil prices fell for a fourth day on Monday on expectations that a Russia-Ukraine peace
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2,900 daily-wagers laid off amid closure of USC

With the closure of Utility Stores Cooperation (USC), the federal government has laid off 2,900
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Government announces reduction in petrol, diesel prices

The government has announced a reduction in fuel prices by up to Rs5, effective from
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PM Shehbaz pushes for PIA’s privatisation by June

Following the conclusion of the International Monetary Fund’s (IMF) recent visit, Prime Minister Shehbaz Sharif
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FBR’s policymaking role assigned to new tax office

The government has withdrawn key power of tax policymaking from the Federal Board of Revenue
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Govt meets IMF condition with approval of civil servants’ asset

The federal government has met another IMF condition by approving a law requiring civil servants
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Major currencies steady as markets size up PPI optimism, tariffs

The U.S. Dollar and major currencies steadied on Friday, as traders assessed the potential impact
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Oil falls as potential Ukraine peace deal may ease supply

Oil prices fell on Thursday on expectations that a potential peace deal between Ukraine and
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