Business

Business

Dar rules out easy recovery of the billions stashed away in Swiss banks

Finance Minister Ishaq Dar yesterday ruled out the possibility of the recovery of billions of dollars stashed in Swiss banks…

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“Western sanctions violate WTO principles”: Russian President Putin

Russian President Vladimir Putin yesterday lambasted the European Union and the United States for violating basic World Trade Organisation principles…

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Ebola ‘fear factor’ risks economic catastophe: World Bank

The World Bank warned yesterday  that fear of the deadly Ebola virus is choking off economic activity in West Africa…

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“Economy may suffer from political impasse”: ADB

Asian Development Bank (ADB) President Takehiko Nakao warned yesterday that the ongoing political impasse could damage Pakistan's recently stabilised economy,…

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Power sector debt to PSO increases to Rs186bn

Pakistan State Oil (PSO) receivables from power sector are Rs186 billion, according to Managing Director Amjad Pervaiz Janjua. “Actually it…

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Liquidity crunch responsible for poor response to T-bills auction

The poor participation of banks in treasury bills auction on Wednesday revealed that they are out of cash, particularly because…

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Opec expected to lower output target

Opec’s secretary general said he expected the group to lower its oil output target when it meets in late November,…

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New global plans for crackdown on corporate tax avoidance

Plans for a major rewriting of international tax rules unveiled yesterday could eliminate ristrictions that have allowed companies like Google…

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“ADB to support Bhasha dam project”: ADB President Takehiko Nakao

The Asian Development Bank (ADB) has said that despite its limited financing capacity it would support the Diamer-Bhasha dam to…

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