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Oil imports facing foreign exchange constraints

  ISLAMABAD: Amid rising appropriation allotments, the oil business is presently confronting difficulties in organizing worldwide funds for import of rough and oil items. Informed sources let Dawn know that the Petroleum Division had informed the state leader and money serve that game plans of oil imports were getting extreme continuously as unfamiliar banks were not giving funding against letters of credit (LCs) opened by oil showcasing organizations (OMCs) and processing plants with the neighborhood banks. A senior authority let Dawn know that with the exception of two enormous organizations — Pakistan State Oil (PSO) and Pak-Arab Refinery Limited (Parco) — all OMCs and processing plants were attempting to orchestrate import of oil based goods and rough. The sources said around six-seven freights worth $50-75 million each ($350-500m combined) contingent upon size and item were held up at present in light of the expanded gamble following a few basic explanations from the significa...
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Election law amendment does not deprive overseas Pakistanis of right to vote: IHC CJ

 Islamabad High Court Chief Justice Athar Minallah on Wednesday said that none of the corrections made to the Elections Act, 2017 by the occupant alliance government denied abroad Pakistanis of the option to cast a ballot. He mentioned the objective fact while hearing a request recorded against the entry of the Elections (Amendment) Bill, 2022 which prohibits abroad Pakistanis from casting a ballot electronically. The request, a duplicate of which is accessible with Dawn.com, was recorded by specialist Dawood Ghazanavi and double public Atif Iqbal Khan. The organization of Pakistan through the secretary of the Ministry of Law, Justice and Parliamentary Affairs, and the Election Commission of Pakistan (ECP) have been made respondents for the situation. On May 26, the National Assembly passed two significant bills — Elections (Amendment) Bill 2022 and National Accoun­tability (Second Amend­ment) Bill — which switched the political decision regulations by the past Pakistan Tehreek-I-I...
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US Capitol riot probe puts Trump at heart of 'attempted coup'

  A legislativ e board examining keep going year's horde attack on the US Capitol spread out its case on Thursday that Donald Trump and his cases of a taken political decision were at the core of what added up to an "endeavored overthrow" to stay in power. In an ideal time show of its discoveries from an extended test, the extraordinary council looked to convince a partitioned nation of the presence of a well established and continuous plot — coordinated by the previous president — to upset the consequence of the 2020 political decision won by Joe Biden. "President Trump gathered the crowd, collected the horde and lit the fire of this assault," the Republican bad habit seat of the board, Liz Cheney, said in her introductory statements at the principal in a progression of long awaited summer hearings. Minutes sooner, Democratic panel boss Bennie Thompson blamed Trump for being "at the focal point of this trick." "January 6 was the summit of an ende...
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