K-Electric substationlooted in unique robbery

Six suspects in KE staff uniform torture watchman, flee with copper wiring, equipment The Abraaj Group in partnership with Al-Jomaih Group of Saudi Arabia and National Industries Group of Kuwait, holds a total shareholding of 66.4% in K-Electric. PHOTO: FILE KARACHI: In a unique robbery, six armed robbers, posing as K-Electric employees, looted an apartment…

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Confab on prison reforms in June

ISLAMABAD: Amid PTI’s protests over the lack of legitimate rights for its detained leaders, the National Judicial Policy Making Committee (NJPMC), comprising all chief justices, has announced it will organise a National Conference on the “Prison Reforms Action Plan” in June to promote stakeholder engagement and policy dialogue as part of an inclusive reform process….

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Chinese and Pakistani businessmen sign MoUs

FPCCI cites 10-year tax break in SEZs, Punjab’s ‘food basket’ status to woo investors LAHORE: A high-profile 30-member Chinese business delegation visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Office in Lahore and held comprehensive meetings with their Pakistani counterparts aimed at enhancing bilateral trade, investment and industrial cooperation. Following discussions,…

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Foreign firms take home $2b in profits

Repatriation rises 8.66% to $2.0007b as UK, China top list; power sector leads outflows KARACHI: Foreign investors repatriated more than $2 billion in profits and dividends from Pakistan during July-April FY26, up 8.66% over the same period last year, as improving foreign exchange availability and stronger corporate earnings enabled multinational companies to transfer higher returns…

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‘Budget aims at providing relief to public’

PM says journey of development will continue; economy has achieved stability despite challenges ISLAMABAD: Prime Minister Shehbaz Sharif on Friday said the government presented the budget of relief and public welfare, reduced the burden on the salaried class and took steps for increasing exports, promoting industries and agricultural growth, investment and economic development. In a…

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