UN Sees Upward Trend: Pakistan’s Economy Projected to Expand 2% in 2024

Pakistan’s Economic Outlook: Modest Growth Amidst Global Challenges The United Nations has released its mid-year World Economic Situation and Prospects report, painting a mixed picture for Pakistan’s economy in 2024. While the report forecasts “modest economic growth” with a 2% GDP expansion, significant challenges remain. IMF Support and Tight Financial Conditions Pakistan’s recent Stand-by Arrangement…

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Local Innovation: Karachi Students Build Fuel-Sipping “Thunderer” Car

SOS TTI and Shell Pakistan Rev Up Innovation: Eco-Friendly “Thunderer” Debuts in Karachi A Pioneering Collaboration Ushers in Hands-on Learning for Karachi’s Youth A landmark collaboration between the SOS Technical Training Institute (SOS TTI) and Shell Pakistan has culminated in the remarkable launch of an eco-friendly car, aptly named “Thunderer.” This pioneering initiative marks a…

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Tesla Driver Assistance Systems Face Lawsuit Over Misleading “Self-Driving” Claims

Tesla Faces Class-Action Lawsuit Over Misleading Self-Driving Claims Electric Car Maker’s Ambitious Autonomy Goals Collide with Legal Reality Just as Tesla CEO Elon Musk doubles down on self-driving technology as the company’s future, a new lawsuit throws a wrench into those plans. A California judge has allowed a proposed class-action lawsuit to proceed, accusing Tesla…

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Karachi Farmers Strike Gold World’s Priciest Mango Now Grown in Pakistan

Karachi Farmers Cultivate the Crown Jewel: Miyazaki Mango Arrives in Pakistan A Royal Arrival in the Mango Kingdom In a groundbreaking development for Pakistani agriculture, local farmers in Karachi have successfully cultivated the world’s most expensive mango variety, the Miyazaki. Renowned for its exquisite taste and vibrant appearance, this premium fruit, originally hailing from Japan,…

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Prime Minister Shehbaz Sharif Declares Full Privatization of State-Owned Enterprises

Islamabad: Prime Minister Shehbaz Sharif Unveils Plan to Privatize State-Owned Enterprises In a significant move, Prime Minister Shehbaz Sharif of Pakistan announced on Tuesday the government’s decision to privatize all state-owned enterprises (SOEs) except for those deemed strategically important. The announcement came during a review meeting held in Islamabad, focusing on matters pertaining to the…

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Chaicon: Bridging the Gap Between Pakistani Businesses and Growth

Small Industries: Pakistan’s Powerhouse for Export Growth This news article highlights the crucial role of small industries in boosting Pakistan’s economic growth, particularly through export expansion. Key Statistics: Non-traditional exports from small industries have increased by 15% in the past five years (Pakistan Bureau of Statistics). Small industries created over 500,000 jobs in 2023 alone…

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Travelers Rejoice! PIA Confirms Direct Paris Flights Return in June

PIA Takes Flight Again: Direct Connections to Paris on the Horizon Pakistan International Airlines (PIA) is soaring back into European skies, with the much-anticipated resumption of direct flights to Paris set for next month. This news comes after receiving the long-awaited safety approval from the International Aviation Safety Assessment (IASA). Speaking with the Council of…

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Bullish Market! Pakistan Stocks Close Above 73,000 in Landmark Day

Bullish Run: Pakistan Stock Exchange Hits All-Time High on Pre-Budget Optimism The Pakistan Stock Exchange (PSX) roared to an all-time high this week, breaching the historic 73,000 barrier in a pre-budget rally. This surge was fueled by a confluence of positive factors, including robust data on remittances, rising foreign currency reserves, and speculation surrounding negotiations…

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