Business

Business

Bank assets increase

The banking sector continued to find itself short of liquidity last week.a after having chased high-yielding, longer tenured government debt…

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Askari’s acquisition a big leap forwards for Fauji consortium

Last week, Fauji Fertiliser Bin Qasim provided details about its plans to diversify into the meat, dairy and power generation…

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Dollar falls against Pak rupee

The dollar slipped in the local currency market last week as the country received forex inflows from the Sukuk, in…

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Low oil prices: A windfall for the moribund economy

Low global oil prices have provided the Nawaz Sharif government an unexpected economic and political breathing space and, at the…

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Cotton prices stable due to sustained buying

Trading on the cotton market remained fairly moderate on Thursday where some spinners chased quality lint to meet their near-future…

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Electronic transactions rising: SBP

Electronic transactions, including web-based, point of sale (POS), mobile and call centre transactions, showed a rising trend during the first…

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Stocks flat line amid foreign selling

Stocks closed flat on Thursday with the KSE-100 index shaved off by 1.90 points at 31,779.75. It was a volatile…

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$20m ADB assistance for PSEs reforms

The Asian Development Bank has finalised a technical assistance of $20 million to Pakistan for a public sector enterprise (PSE)…

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Remittances jump up by 16pc

Remittances from overseas Pakistanis during the first five months of this fiscal year shot up by 15.5 per cent to…

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