Business

Business

Stocks stage spectacular rally of 507 points

Karachi: Stocks staged surprise rally on Monday with the KSE-100 index gaining 506.59 points (1.53 per cent) to close at…

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WB approves Indus project to increase farmers market access

Islamabad: The World Bank has given its go ahead to the Indus Ecoregion Community Livelihood project, being developed by WWF-Pakistan…

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China to invest $1.8b in PR infrastructure

Lahore : A Chinese consortium will invest $1.8 billion in the Pakistan Railways (PR) infrastructure to facilitate transportation of fuel…

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Inflation creeps up after unusual fall

Islamabad: Pakistan’s annual inflation rose to 3.16 per cent in May from 2.11pc in the previous month, driven by a…

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NEC approves 5.5% GDP growth target for 2015-16

The National Economic Council (NEC), chaired by Prime Minister Muhammad Nawaz Sharif here at the PM Office on Monday approved…

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K-Electric sells country’s largest corporate sukuk

Karachi: Karachi-based utility K-Electric has sold 22 billion rupee ($215.9 million) worth of seven-year Islamic bonds, the largest listed corporate…

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Dollar nears 104 in open market

The rupee fell steeply against the dollar in the open market last week, while staying close to the 102-level in…

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House financing lowest in Pakistan

Islamabad: Pakistan house financing is less than half a per cent of gross domestic product (GDP) which is one of…

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Stocks lose 79 points on profit-taking

Karachi: The earlier day’s rally proved short-lived as the investors scrambled to seek an exit from the market, pulling the…

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