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Summit underscores US support for Pakistan economy

The Investment and Climate Summit organised by the United States Agency for International Development (USAID) underscored the US government’s commitment to fostering foreign direct investments (FDI), elevating bilateral trade between the two countries, and addressing Pakistan’s climate change challenges. A key highlight of the summit was the USAID Green Alliance Gaming Challenge Awards, which c

Summit underscores US support for Pakistan economy

The Investment and Climate Summit organised by the United States Agency for International Development (USAID) underscored the US government’s commitment to fostering foreign direct investments (FDI), elevating bilateral trade between the two countries, and addressing Pakistan’s climate change challenges. A key highlight of the summit was the USAID Green Alliance Gaming Challenge Awards, which c

Tracking fails to check cigarettes’ smuggling

The Track and Trace System (TTS) implemented by the FBR was failing, with a rising incidence of fake stamps being affixed to counterfeit packs of prominent cigarette brands. Senior officials of the tobacco industry on Monday decried a lack of enforcement measures in the sector, expressing concerns about the sustainability of this business as Pakistani markets were flooded with smuggled and coun

Tracking fails to check cigarettes’ smuggling

The Track and Trace System (TTS) implemented by the FBR was failing, with a rising incidence of fake stamps being affixed to counterfeit packs of prominent cigarette brands. Senior officials of the tobacco industry on Monday decried a lack of enforcement measures in the sector, expressing concerns about the sustainability of this business as Pakistani markets were flooded with smuggled and coun

Oil rises on tight supply concerns

Oil prices rose about two per cent on Monday as traders weighed the impact of wars in the Middle East and Ukraine and extreme cold weather across North America on oil supply against a bullish US stock market signalled demand growth. Brent March crude futures rose $1.17, or 1.5pc, to $79.73 a barrel by 10:41 a.m. CST (1641 GMT). The front-month US West Texas Intermediate crude futures contrac