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Formidable Saudis open in style at Asian Cup

DUBAI: Three-time winners Saudi Arabia laid down a marker as they ruthlessly dismissed 10-man North Korea at the Asian Cup on Tuesday, while Iraq overcame stage fright to edge past Vietnam. The Saudis, humbled at last year´s World Cup in Russia, looked far more at home in neighbouring United Arab …

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Salah retains African Footballer of the Year award

SENEGAL: Egypt striker Mohamed Salah was voted as the African Footballer of the Year for the second successive year at the Confederation of African Football’s 2018 awards ceremony in Dakar on Tuesday. The 26-year-old Liverpool star beat fellow nominees, Liverpool team mate Sadio Mane and Arsenal forward Pierre-Emerick Aubameyang. He …

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General Electric ready to expand business in Pakistan

General Electric is keen to invest in locomotives fabrication and health sectors and consider Pakistan a ‘very important market’ for the tech company, a senior official conveyed this in a meeting with Prime Minister Khaqan Abbasi. PM Abbasi said Pakistan was open to investment by foreign companies and offered lucrative …

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Interior Minister asks DG ISPR to refrain from statements on economy

Terming Pakistan’s economy stable, Interior Minister Ahsan Iqbal has said military spokesman should refrain from issuing statements on economy. Speaking to media here Friday, Ahsan Iqbal said economic situation in Pakistan is much better as compared to situation in 2013. Pakistan’s economy is stable and irresponsible statements in this regard …

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Petroleum products goldmine for govt

ISLAMABAD: The government is collecting a major chunk of its spending through taxes on petroleum products as they pay hefty amount of Rs34.95 extra on per litre of diesel in form of taxes and other heads whereas the ex-refinery cost of diesel stands at Rs70.30 per litre. POL products are …

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IMF bailout on the cards for Pakistan´s next government

Islamabad: Pakistan´s next government, to be chosen in a July 25 election, faces growing fears of a balance of payments crisis with speculation it will have to seek its second IMF bailout in five years, analysts say. The central bank is running down its foreign reserves and devaluing the currency …

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