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Jimenez strikes on return as Wolves extend Saints’ misery


September 27, 2021

LONDON: Wolverhampton Wanderers beat Southampton 1-0 at St Mary’s Stadium on Sunday, extending the Saints’ winless run to six Premier League games, after striker Raul Jimenez scored his first goal in nearly a year. The Mexican’s solo effort in the second half was his first league goal since last October. The 30-year-old suffered a fractured skull the following month, prematurely …

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Usyk dethrones Joshua to claim world heavyweight titles


September 27, 2021

LONDON: Ukraine’s Oleksandr Usyk dethroned world heavyweight champion Anthony Joshua in his own backyard with a stunning display to earn a unanimous points decision in front of a sell-out crowd at the Tottenham Hotspur Stadium on Saturday. The 34-year-old former undisputed cruiserweight world champion put on a masterclass to silence the vast majority of the 67,000 fans who packed into …

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NTDC probe team says access to record being denied


September 27, 2021

LAHORE: An eight-member inquiry team of the National Transmission and Despatch Company (NTDC) probing the Chashma-Bannu transmission line’s tower collapse is being denied access to the record allegedly by those protecting the officers said to be involved in the corruption that led to the incident. Although the team, constituted by the company’s top management around two months ago, was supposed …

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PM welcomes inclusion of Karachi coastal uplift plan in CPEC


September 27, 2021

ISLAMABAD: Prime Minister Imran Khan on Sunday lauded the inclusion of Karachi’s coastal development plan in the China-Pakistan Economic Corridor (CPEC) and said the move would bring the city on a par with developed port cities of the world. Calling the initiative a “game-changer”, the prime minister through his official social media account on Twitter said the coastal development project would clean …

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Small traders call off strike after FBR assurance


September 27, 2021

ISLAMABAD: Traders have postponed a countrywide strike announced for Sept 27 (today) after the Federal Board of Revenue (FBR) gave an undertaking that small traders would not be deprived of electricity and gas supply and mobile phone services on the application of new tax laws introduced through a recent presidential ordinance. The decision was announced at a news conference here …

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Pakistani startup Oraan raises $3m seed funding for gender-inclusive fintech


September 27, 2021

Oraan, a Karachi-based gender-inclusive fintech, has raised $3 million in the largest seed funding closed by a local women-led startup, according to a press statement issued by the company. The statement said the investment was co-led by Zayn Capital and Wavemaker Partners, with participation from Resolution Ventures, i2i Ventures, Hustle Fund, Haitou Global, Plug and Play, and angels like Claire …

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PSO chief eyes 50pc market share in petrol, diesel soon


September 26, 2021

KARACHI: Pakistan State Oil (PSO) Managing Director Syed Taha has said he’s actively trying to bring the focus of the company’s sales efforts back to the retail segment. In a recent interview with Dawn, Mr Taha said the company’s focus had previously drifted from the retail business that he described as the “bread and butter” of the country’s largest corporate …

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Stocks suffer year’s second worst weekly losses


September 26, 2021

KARACHI: The outgoing week turned out to be the second worst week in 2021 as the KSE-100 index fell by aggregate 1,563 points, or 3.4 per cent, in five-day losing streak to close at 45,074 points. The daily trading took place in a strikingly similar pattern: the index making it to intraday high in early trade and giving up all …

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Demand for used cars flourishing amid costly new ones


September 26, 2021

KARACHI: As locally assembled cars have gone beyond the reach of many people, the option of buying used cars has also become a challenging task following a massive increase in their prices over the last three years. The persistent rise in the prices of new cars has forced a number of consumers towards used automobiles as they cannot purchase costly …

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CPEC panel okays ambitious Karachi coastline plan


September 26, 2021

KARACHI: Calling it a “game-changer”, the federal government on Satur­day unveiled an ambitious plan to rebuild Karachi’s coastline under the China-Pakistan Economic Corri­dor (CPEC) with $3.5 billion “direct Chinese investment” that aims to overhaul city’s seaboard with new berths for the port, a new fishery port and a ‘majestic harbour bridge’ connecting it with Manora islands and Sandspit beach. The Karachi …

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