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Floods may cause immense loss to economy
The brokerage houses that keep their eyes on corporate earnings have made reports on the scale of potential damage that…
IMF sees world growth at just over 3%
The head of the International Monetary Fund yesterday hinted that the global lender could downgrade its forecast for world economic…
Political unrest will hit Hong Kong economy: Moody’s
Ratings agency Moody’s warned yesterday that prolonged discord in Hong Kong over China’s refusal to grant the key financial hub…
China trade surplus hits record $49.8bn
China’s trade surplus surged to a record $49.8 billion in August, figures showed Monday, as imports saw a surprising fall…
Stocks rally 71 points on foreign buying
Stocks moved aggressively forward in the face of several pressing problems confronting the country and the economy. On Monday, the…
Changes likely in gas allocation policy
The government is considering reallocating about 1.2 billion cubic feet per day (BCFD) of the fuel through wide-ranging changes in…
Cattle rates drop after flood alert
Rates in cattle markets of Sher Shah, Kot Addu and Chowk Munda yesterday registered a sharp decline after a number…
Turmoil may disrupt IMF disbursement
KARACHI: Moody’s, the credit rating agency, said in a report on Friday that Pakistan’s political turmoil could disrupt its relations…
Britain eases rules for foreign bank branches
LONDON: Foreign banks can operate as branches in Britain but only if they hold minimal deposits and meet other safeguards…