Business

Business

Influx of positive news propels index up 487 points

Karachi: Stocks stormed ahead on Thursday with KSE-100 index recording a gain of 487.58 points, or 1.51 per cent, to…

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Govt facilitating Afghan transit trade

Islamabad: The Ministry of Commerce on Thursday announced several measures aimed at facilitating the flow of Afghan transit trade through…

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Senate clears Securities Bill

Islamabad: Five years after being presented in parliament, the senate on Thursday passed the Securities Bill-2015, paving the way to…

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CCP seeks removal of barriers in power sector procurements

Lahore: The Com­petition Commission of Pakistan (CCP) has stated that there were certain restrictions for new entrants in power sector…

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Banks earned record Rs247bn in 2014

Karachi: Banking industry’s pre-tax profit surged by 52 per cent to an all-time high of Rs247 billion in 2014 thanks…

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Oil, gas companies ordered to treat natural gas as LNG

Islamabad: In a surprise development, the Ministry of Petroleum and Natural Resources on Wednesday ordered the oil and gas companies…

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Pakistan to construct dry ports at Torkham, Chaman

Islamabad: Commerce Minister Khurram Dastagir Khan said on Wednesday that Pakistan would construct dry ports at the Torkham and Chaman…

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Stocks recover 139 points on foreign buying

Karachi: Stocks rebo­unded on Wednesday from a two-day sell-off as shares in oil and gas exploration companies and refineries rallied.…

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PTCL quarterly profit tumbles 84pc to Rs716m

Karachi: The Pakistan Telecommunication Company Limited (PTCL) posted a consolidated profit-after-tax of Rs716.4 million during the first quarter (Jan-March) of…

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