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Pakistan flag carrier PIA struggling to pay bills
Pakistan flag carrier PIA struggling to pay bills
by  AFP

Pakistan's national flag carrier admitted Friday it was struggling to pay bills and wages after local media reports said the fleet may be grounded within days. Local television channel Geo news this week reported that the airline was on the verge of collapse and flight operations could be suspended in days if emergency funds were not provided.

Markets join global rally as China data beats forecasts
Markets join global rally as China data beats forecasts
by  AFP

Markets rallied Friday as forecast-busting Chinese data boosted hopes the world's number-two economy may be stabilising after an extended slowdown. Hong Kong led the Asian charge Friday after data showed Chinese retail sales and industrial production jumped more than expected last month.

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