Business

Business

“Sit-in caused Rs547bn loss to economy so far”: Federal Government

The government claimed yesterday that the 22-day sit-in on the Constitution Avenue and subsequent political unrest had adversely affected the…

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Stocks manage marginal gains

Stocks closed (somewhat)  flat yesterday with the KSE-100 index marginally up by 8.75 points or 0.03 per cent to 29,604.30.…

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Traders seeking early solution to political crisis

The capital’s business community has sought early solution to the lingering political crisis. In a meeting held here on Wednesday…

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Iran looking to raise refining capacity to 3m bpd by 2018

Iran hopes to boost its oil refining capacity to 3 million barrels per day by 2018 from 1.9m now with…

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Banks invest Rs196 billion in T-bills

Banks invested heavily in short-term treasury bills yesterday keeping in view the possibility of a change in the interest rate…

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PSO profit soars 73pc

Pakistan State Oil Company (PSO) yesterday unveiled accounts for the year ended June 30, 2014, showing 73 per cent growth…

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Corruption costs poor countries a mind boggling $1trillion a year

Corruption, fraud and money-laundering cost poor countries a total of $1.0 trillion a year, the anti-poverty organisation ONE said in…

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Stocks add 335 points to overnight rally

Stocks rose further on Wednesday with the KSE-100 index posting gain of 335.26 points or 1.15 per cent to close…

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Pakistan ranked 129th in global competitiveness index

Pakistan’s competitiveness among global economies has slightly improved to 129 out of 144 in rankings published yearly by the World…

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