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Romania and Bulgaria Set to Join Schengen Area in Incremental Stages
Romania and Bulgaria, both Eastern European nations that acceded to the European Union in 2007, are poised to enter the Schengen Area in a phased approach, commencing with air and sea travel on March 31. The success of this initial stage will influence the timeline for opening their land borders. Having aspired to become part of the Schengen Area for over a decade, Romania and Bulgaria's gradual integration marks a significant development. The Schengen Area, known for its border-free travel among member states, enhances mobility and collaboration within the European Union. Upon the full inclusion of Romania and Bulgaria, Ireland and Cyprus will remain as the sole EU countries outside the Schengen Zone. The step towards expanding the area underscores the ongoing evolution and enlargement of the European Union, fostering increased connectivity and cooperation among member nations.
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The Pakistani rupee continued its upward trajectory against the US dollar, gaining 0.01% or Rs0.02, to close at Rs281.11, according to data from the State Bank of Pakistan (SBP). Over the past four months, the currency has appreciated by 9.25%, or almost Rs26, compared to its ...
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The sugar sector in Pakistan achieved a milestone with record earnings of Rs22 billion in the fiscal year 2023, marking a substantial 78% increase year-on-year. The surge in earnings is attributed to a rise in sugar prices, resulting in improved gross margins for the sector. ...
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