Sanctions Shake Global Markets The latest US energy sanctions on Russia, aimed at cutting revenues for Moscow’s war efforts, have caused significant tremors. Consequently, the Kremlin warns that these measures will destabilize global markets. Specifically, US Treasury sanctions target Russian energy giants Gazprom Neft and Surgutneftegaz, as well as 183 vessels transporting Russian oil. This […]
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Drop Site Story of Robots: A Mysterious Think Tank in Washington In the chaotic world of global politics, where influence can make or break a nation, “Drop Site Story of Robots” offers a fascinating narrative. It unveils the Beltway Grid Policy Centre, a think tank that defies conventional definitions. Operating entirely in the digital realm,
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Green Line Successor Launch A high-speed express train like the Green Line is expected to be launched between Islamabad and Karachi via Lahore by the Pakistan Railways in January next year. Enhanced Passenger Amenities The primary goal of this new train service is, indeed, to provide passengers with advanced amenities and, consequently, an enhanced travel
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“Tax Collection Challenges 2024” are becoming increasingly apparent as the government introduces the Tax Laws (Amendment) Bill 2024. This move comes in response to a Rs356 billion revenue shortfall experienced during the first five months of the current fiscal year. The bill marks the second amendment to tax laws this year. The government’s commitment to collecting
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State-Owned Enterprises Losses Analysis “State-Owned Enterprises Losses Analysis” reveals significant inefficiencies and operational issues within the sector. On Friday, the government announced that 15 state-owned enterprises (SOEs) accounted for 99.3% of cumulative losses during the first six months of FY24. These losses highlight widespread inefficiencies within the SOE sector. Cumulative Losses Breakdown In absolute terms,
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The Power of Remittances Remittances have proved to be the most important stabilizing variable for Pakistan’s economy recently. “The Power of Remittances” has been one of the key indicators showing considerable and sustainable progress in recent years. This year, Pakistan’s remittances are expected to reach $35 billion, a milestone that is already being celebrated. It
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