Tag: Pakistan economic crisis

$5 billion investment pledged for oil, gas exploration in Pakistan: Shehbaz Sharif

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Pakistan’s Prime Minister Shehbaz Sharif. | Photo Credit: REUTERS Pakistan is expected to get an investment of $5 billion over the next three years from local and international firms for the exploration and development of petroleum and gas reserves that will save the cash-strapped country’s valuable foreign exchange and provide relief to the common man…

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Protests in PoK consequence of Pakistan’s policy of systemic plundering of resources: India

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Security personnel cordon off a street during a protest by demonstrators of the Jammu Kashmir Joint Awami Action Committee on the outskirts of Muzaffarabad, the capital of Pakistan-occupied Kashmir on May 13, 2024. | Photo Credit: AFP India on May 17 said the protests witnessed in several parts of Pakistan-occupied Kashmir (PoK) are a “natural…

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Pakistan to privatise all state-owned firms, except strategic enterprises: PM Sharif

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Pakistan’s Prime Minister Shehbaz Sharif. File | Photo Credit: Reuters Cash-strapped Pakistan will privatise all state-owned enterprises, including the loss-making Pakistan International Airlines, Prime Minister Shehbaz Sharif announced on May 14, broadening the government’s initial plans to make only loss-making state firms private. The announcement to privatise state-run enterprises barring strategic ones comes a day…

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